Pinnacle Wealth Planning Services Inc. Sells 1,168 Shares of Royal Bank of Canada (NYSE:RY)
A number of other hedge funds also recently made changes to their positions in RY. Capital Performance Advisors LLP bought a new stake in shares of Royal Bank of Canada during the 3rd quarter worth $25,000. Dunhill Financial LLC bought a new stake in Royal Bank of Canada in the 3rd quarter valued at about $25,000. Larson Financial Group LLC bought a new stake in Royal Bank of Canada in the 3rd quarter valued at about $26,000. Roxbury Financial LLC bought a new stake in Royal Bank of Canada in the 4th quarter valued at about $29,000. Finally, Kieckhefer Group LLC bought a new stake in Royal Bank of Canada in the 4th quarter valued at about $36,000. 45.31% of the stock is currently owned by institutional investors.
RY stock opened at $115.07 on Friday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $162.74 billion, a PE ratio of 13.93, a PEG ratio of 1.80 and a beta of 0.88. Royal Bank of Canada has a twelve month low of $95.84 and a twelve month high of $128.05. The stock has a 50-day simple moving average of $119.55 and a two-hundred day simple moving average of $121.59.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, April 24th will be issued a dividend of $1.0251 per share. This represents a $4.10 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date of this dividend is Thursday, April 24th. Royal Bank of Canada’s payout ratio is presently 45.96%.
A number of brokerages recently issued reports on RY. TD Securities cut Royal Bank of Canada from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. StockNews.com upgraded Royal Bank of Canada from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. BMO Capital Markets lowered their price objective 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. Finally, Barclays upgraded Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a research note on Thursday, November 21st. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.50.
Get Our Latest Stock 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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