Several other large investors also recently bought and sold shares of RY. Vanguard Group Inc. boosted its position in shares of Royal Bank of Canada by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 59,183,549 shares of the financial services provider’s stock valued at $7,136,056,000 after purchasing an additional 1,104,975 shares during the period. Norges Bank acquired a new stake in shares of Royal Bank of Canada in the fourth quarter valued at approximately $2,425,519,000. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Royal Bank of Canada by 9.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,112,451 shares of the financial services provider’s stock worth $1,338,156,000 after acquiring an additional 921,276 shares during the last quarter. Scotia Capital Inc. raised its position in Royal Bank of Canada by 1.9% in the 4th quarter. Scotia Capital Inc. now owns 8,891,023 shares of the financial services provider’s stock valued at $1,071,536,000 after purchasing an additional 169,437 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Royal Bank of Canada by 31.2% during the 4th quarter. Geode Capital Management LLC now owns 8,382,278 shares of the financial services provider’s stock worth $1,027,061,000 after purchasing an additional 1,991,364 shares during the period. Institutional investors and hedge funds own 45.31% of the company’s stock.

RY has been the subject of a number of research reports. CIBC raised shares of Royal Bank of Canada from a “neutral” rating to a “sector outperform” rating in a report on Friday, April 4th. StockNews.com raised Royal Bank of Canada from a “sell” rating to a “hold” rating in a research note on Friday. Finally, Cibc World Mkts upgraded Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 3rd. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $156.50.

View Our Latest Stock Analysis on Royal Bank of Canada

Shares of NYSE:RY opened at $120.09 on Friday. Royal Bank of Canada has a 52 week low of $102.44 and a 52 week high of $128.05. The company has a 50-day moving average price of $115.04 and a 200 day moving average price of $119.40. The company has a market cap of $169.53 billion, a P/E ratio of 14.54, a PEG ratio of 1.80 and a beta of 0.89. 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 also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 24th will be paid a $1.0251 dividend. The ex-dividend date of this dividend is Thursday, April 24th. This represents a $4.10 dividend on an annualized basis and a dividend yield of 3.41%. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 46.18%.

(Free Report)

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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