Financial Engines Advisors L.L.C. Sells 395 Shares of Royal Bank of Canada (NYSE:RY)

Financial Engines Advisors L.L.C. lessened its stake in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 2.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,374 shares of the financial services provider’s stock after selling 395 shares during the period. Financial Engines Advisors L.L.C.’s holdings in Royal Bank of Canada were worth $1,612,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of RY. Dunhill Financial LLC purchased a new position in shares of Royal Bank of Canada in the 3rd quarter valued at $25,000. Larson Financial Group LLC bought a new stake in Royal Bank of Canada during the third quarter valued at about $26,000. Roxbury Financial LLC purchased a new position in Royal Bank of Canada in the fourth quarter valued at about $29,000. Kieckhefer Group LLC bought a new position in Royal Bank of Canada in the fourth quarter worth about $36,000. Finally, Crews Bank & Trust purchased a new stake in shares of Royal Bank of Canada during the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Royal Bank of Canada Trading Down 0.3 %

NYSE RY opened at $116.29 on Thursday. Royal Bank of Canada has a 12-month low of $95.84 and a 12-month high of $128.05. The company has a fifty day simple moving average of $117.70 and a two-hundred day simple moving average of $121.17. 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 stock has a market cap of $164.17 billion, a P/E ratio of 14.08, a P/E/G ratio of 1.80 and a beta of 0.88.

Royal Bank of Canada Cuts Dividend

The company also recently announced 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 is Thursday, April 24th. This represents a $4.10 dividend on an annualized basis and a yield of 3.53%. Royal Bank of Canada’s dividend payout ratio (DPR) is 45.96%.

Wall Street Analyst Weigh In

Several research firms recently commented on RY. StockNews.com upgraded shares of Royal Bank of Canada from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. BMO Capital Markets reduced their price target on 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. Finally, CIBC reissued a “neutral” rating on shares of Royal Bank of Canada in a research report on Wednesday, March 5th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $156.50.

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.