23,000 Shares in Royal Bank of Canada (NYSE:RY) Bought by Generali Investments CEE investicni spolecnost a.s.
Generali Investments CEE investicni spolecnost a.s. bought a new stake in Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 23,000 shares of the financial services provider's stock, valued at approximately $2,772,000.
Other large investors also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new stake in shares of Royal Bank of Canada in the third quarter valued at about $25,000. Dunhill Financial LLC bought a new position in Royal Bank of Canada during the 3rd quarter worth approximately $25,000. Larson Financial Group LLC bought a new position in Royal Bank of Canada during the 3rd quarter worth approximately $26,000. Roxbury Financial LLC bought a new stake in shares of Royal Bank of Canada in the 4th quarter worth approximately $29,000. Finally, Jackson Grant Investment Advisers Inc. bought a new stake in shares of Royal Bank of Canada in the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 45.31% of the company's stock.
NYSE:RY opened at $115.07 on Friday. The stock's fifty day moving average price is $119.55 and its two-hundred day moving average price is $121.59. Royal Bank of Canada has a 52-week low of $95.84 and a 52-week high of $128.05. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.86 and a current ratio of 0.86. The company has a market cap of $162.74 billion, a price-to-earnings ratio of 13.93, a P/E/G ratio of 1.80 and a beta of 0.88.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be paid a $1.0251 dividend. This represents a $4.10 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date is Thursday, April 24th. Royal Bank of Canada's dividend payout ratio (DPR) is currently 45.96%.
Several analysts have weighed in on the company. BMO Capital Markets cut their target price on Royal Bank of Canada from $195.00 to $193.00 and set an "outperform" rating on the stock in a research note on Thursday, December 5th. TD Securities downgraded Royal Bank of Canada from a "buy" rating to a "hold" rating in a report on Friday, November 15th. Barclays upgraded Royal Bank of Canada from an "equal weight" rating to an "overweight" rating in a report on Thursday, November 21st. Finally, StockNews.com raised Royal Bank of Canada from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Royal Bank of Canada presently has a consensus rating of "Moderate Buy" and an average target price of $156.50.
Get Our Latest Analysis on Royal Bank of Canada
Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.
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