Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dunhill Financial LLC acquired a new stake in Royal Bank of Canada during the third quarter worth about $25,000. Larson Financial Group LLC acquired a new stake in shares of Royal Bank of Canada during the third quarter valued at about $26,000. Roxbury Financial LLC acquired a new stake in shares of Royal Bank of Canada during the fourth quarter valued at about $29,000. Kieckhefer Group LLC acquired a new stake in shares of Royal Bank of Canada during the fourth quarter valued at about $36,000. Finally, Crews Bank & Trust acquired a new stake in shares of Royal Bank of Canada during the fourth quarter valued at about $36,000. 45.31% of the stock is currently owned by institutional investors and hedge funds.

NYSE RY opened at $113.71 on Friday. The firm has a 50 day simple moving average of $117.86 and a 200-day simple moving average of $121.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.86 and a current ratio of 0.86. Royal Bank of Canada has a one year low of $95.84 and a one year high of $128.05. The firm has a market cap of $160.52 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 1.80 and a beta of 0.88.

The firm also recently disclosed 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 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend is Thursday, April 24th. Royal Bank of Canada’s payout ratio is 45.96%.

A number of brokerages have weighed in on RY. CIBC reiterated a “neutral” rating on shares of Royal Bank of Canada in a research report on Wednesday, March 5th. StockNews.com upgraded shares of Royal Bank of Canada from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Finally, BMO Capital Markets dropped their price target on shares of Royal Bank of Canada from $195.00 to $193.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Three research 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 company presently has an average rating of “Moderate Buy” and an average price target of $156.50.

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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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