Burney Co. Lowers Stock Position in Royal Bank of Canada (NYSE:RY)
Several other large investors have also recently modified their holdings of RY. Capital Performance Advisors LLP purchased a new position in shares of Royal Bank of Canada in the third quarter worth about $25,000. Dunhill Financial LLC acquired a new position in shares of Royal Bank of Canada in the 3rd quarter valued at $25,000. Larson Financial Group LLC acquired a new position in shares of Royal Bank of Canada in the third quarter worth about $26,000. Grove Bank & Trust purchased a new position in Royal Bank of Canada during the third quarter worth approximately $28,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in Royal Bank of Canada by 110.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 225 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 118 shares during the period. Institutional investors own 45.31% of the company’s stock.
Royal Bank of Canada stock opened at $120.46 on Friday. The firm has a market capitalization of $170.38 billion, a P/E ratio of 14.58, a P/E/G ratio of 1.77 and a beta of 0.87. The stock’s fifty day simple moving average is $122.66 and its 200-day simple moving average is $119.21. Royal Bank of Canada has a twelve month low of $93.97 and a twelve month high of $128.05. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.11.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Monday, January 27th will be paid a $1.0522 dividend. This represents a $4.21 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend is Monday, January 27th. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $1.03. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 49.76%.
RY has been the topic of several research analyst reports. StockNews.com cut Royal Bank of Canada from a “hold” rating to a “sell” rating in a report on Wednesday, January 1st. Barclays upgraded shares of Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a research report on Thursday, November 21st. TD Securities downgraded Royal Bank of Canada from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, BMO Capital Markets decreased their price objective on shares of Royal Bank of Canada from $195.00 to $193.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Royal Bank of Canada currently has a consensus rating of “Moderate Buy” and a consensus price target of $156.50.
Read Our Latest Analysis on RY
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.
Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royal Bank of Canada (NYSE:RY – Free Report) (TSE:RY).
- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.
