CENTRAL TRUST Co Purchases 115 Shares of Royal Bank of Canada (NYSE:RY)

CENTRAL TRUST Co lifted its position in Royal Bank of Canada (NYSE:RY) (TSE:RY) by 5.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,270 shares of the financial services provider’s stock after purchasing an additional 115 shares during the quarter. CENTRAL TRUST Co’s holdings in Royal Bank of Canada were worth $274,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in RY. Capital Performance Advisors LLP acquired a new position in Royal Bank of Canada during the 3rd quarter worth about $25,000. Dunhill Financial LLC acquired a new position in Royal Bank of Canada during the 3rd quarter worth about $25,000. Larson Financial Group LLC acquired a new position in Royal Bank of Canada during the 3rd quarter worth about $26,000. Grove Bank & Trust acquired a new position in Royal Bank of Canada during the 3rd quarter worth about $28,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in Royal Bank of Canada by 110.3% during 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 purchasing an additional 118 shares during the period. Institutional investors own 45.31% of the company’s stock.

Wall Street Analysts Forecast Growth

RY has been the topic of a number of research reports. TD Securities downgraded shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. BMO Capital Markets cut their target price on shares of Royal Bank of Canada from $195.00 to $193.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. 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. Finally, StockNews.com downgraded shares of Royal Bank of Canada from a “hold” rating to a “sell” rating in a research report on Wednesday, January 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $156.50.

Royal Bank of Canada Stock Performance

Shares of NYSE:RY opened at $118.68 on Wednesday. The company has a market capitalization of $167.85 billion, a price-to-earnings ratio of 14.37, a P/E/G ratio of 1.82 and a beta of 0.87. The firm’s 50 day simple moving average is $122.27 and its 200 day simple moving average is $120.36. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.86 and a quick ratio of 0.86. Royal Bank of Canada has a fifty-two week low of $93.97 and a fifty-two week high of $128.05.

Royal Bank of Canada Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Monday, January 27th will be given a $1.0522 dividend. This represents a $4.21 dividend on an annualized basis and a dividend yield of 3.55%. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, January 27th. Royal Bank of Canada’s dividend payout ratio (DPR) is currently 49.76%.

Royal Bank of Canada Company Profile

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.