Royal Bank of Canada (NYSE:RY) Holdings Decreased by Davis Rea LTD.

Davis Rea LTD. trimmed its stake in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 5.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,618 shares of the financial services provider’s stock after selling 1,047 shares during the quarter. Royal Bank of Canada comprises 1.1% of Davis Rea LTD.’s holdings, making the stock its 19th biggest position. Davis Rea LTD.’s holdings in Royal Bank of Canada were worth $2,240,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in RY. Addison Advisors LLC grew its holdings in Royal Bank of Canada by 9.5% during the third quarter. Addison Advisors LLC now owns 945 shares of the financial services provider’s stock worth $118,000 after acquiring an additional 82 shares during the period. Financial Management Professionals Inc. grew its stake in shares of Royal Bank of Canada by 26.8% in the 4th quarter. Financial Management Professionals Inc. now owns 426 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 90 shares during the last quarter. Drive Wealth Management LLC raised its holdings in shares of Royal Bank of Canada by 3.4% in the 3rd quarter. Drive Wealth Management LLC now owns 2,799 shares of the financial services provider’s stock worth $349,000 after purchasing an additional 92 shares in the last quarter. Ballentine Partners LLC lifted its stake in Royal Bank of Canada by 2.2% during the fourth quarter. Ballentine Partners LLC now owns 4,308 shares of the financial services provider’s stock valued at $519,000 after purchasing an additional 94 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in Royal Bank of Canada by 1.6% in the third quarter. Private Advisor Group LLC now owns 6,160 shares of the financial services provider’s stock worth $768,000 after buying an additional 95 shares during the last quarter. 45.31% of the stock is owned by institutional investors and hedge funds.

Royal Bank of Canada Trading Down 3.5 %

Shares of NYSE RY opened at $115.26 on Friday. The firm has a market capitalization of $163.02 billion, a PE ratio of 13.95, a PEG ratio of 1.80 and a beta of 0.87. 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 business has a 50-day moving average price of $120.19 and a two-hundred day moving average price of $121.38. Royal Bank of Canada has a one year low of $95.84 and a one year high of $128.05.

Royal Bank of Canada Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Monday, January 27th were issued a dividend of $1.0522 per share. This represents a $4.21 annualized dividend and a dividend yield of 3.65%. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $1.03. The ex-dividend date was Monday, January 27th. Royal Bank of Canada’s payout ratio is currently 49.76%.

Analyst Upgrades and Downgrades

RY has been the subject of a number of recent research reports. Barclays upgraded Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a research report on Thursday, November 21st. StockNews.com lowered Royal Bank of Canada from a “hold” rating to a “sell” rating in a research report on Wednesday, January 1st. BMO Capital Markets cut their price objective on Royal Bank of Canada from $195.00 to $193.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Finally, TD Securities cut shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $156.50.

Royal Bank of Canada 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.