Royal Bank of Canada (NYSE:RY) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lessened its holdings in Royal Bank of Canada (NYSE:RY) (TSE:RY) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 133,218 shares of the financial services provider’s stock after selling 2,100 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Royal Bank of Canada were worth $16,054,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in RY. Capital Performance Advisors LLP bought a new stake in Royal Bank of Canada in the third quarter worth about $25,000. Dunhill Financial LLC acquired a new stake in Royal Bank of Canada during the 3rd quarter worth about $25,000. Larson Financial Group LLC acquired a new position in shares of Royal Bank of Canada in the third quarter worth about $26,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Royal Bank of Canada by 110.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 225 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 118 shares in the last quarter. Finally, Grove Bank & Trust acquired a new stake in shares of Royal Bank of Canada during the third quarter valued at approximately $28,000. Institutional investors own 45.31% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on RY. StockNews.com lowered Royal Bank of Canada from a “hold” rating to a “sell” rating in a research report on Wednesday, January 1st. Barclays upgraded Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a report on Thursday, November 21st. TD Securities lowered shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Finally, BMO Capital Markets lowered 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 note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $156.50.

Royal Bank of Canada Stock Up 0.3 %

Shares of Royal Bank of Canada stock opened at $120.46 on Tuesday. The stock has a market cap of $170.38 billion, a PE ratio of 14.58, a price-to-earnings-growth ratio of 1.80 and a beta of 0.87. The business has a fifty day simple moving average of $122.59 and a 200 day simple moving average of $119.47. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.11. Royal Bank of Canada has a 12 month low of $93.97 and a 12 month high of $128.05.

Royal Bank of Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Monday, January 27th will be issued a dividend of $1.0522 per share. This represents a $4.21 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend is Monday, January 27th. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $1.03. Royal Bank of Canada’s payout ratio is 50.85%.

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.