Royal Bank of Canada (NYSE:RY) Shares Sold by Wade G W & Inc.

Wade G W & Inc. decreased its position in Royal Bank of Canada (NYSE:RYFree Report) (TSE:RY) by 0.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 188,853 shares of the financial services provider’s stock after selling 1,707 shares during the quarter. Wade G W & Inc.’s holdings in Royal Bank of Canada were worth $19,099,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Cigna Investments Inc. New boosted its stake in shares of Royal Bank of Canada by 0.5% during the 4th quarter. Cigna Investments Inc. New now owns 26,187 shares of the financial services provider’s stock worth $2,661,000 after acquiring an additional 131 shares in the last quarter. Aviance Capital Partners LLC boosted its stake in shares of Royal Bank of Canada by 4.4% during the 3rd quarter. Aviance Capital Partners LLC now owns 3,628 shares of the financial services provider’s stock worth $317,000 after acquiring an additional 152 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Royal Bank of Canada by 1.2% during the 4th quarter. Pacer Advisors Inc. now owns 13,008 shares of the financial services provider’s stock worth $1,315,000 after acquiring an additional 154 shares in the last quarter. Raymond James Trust N.A. boosted its stake in shares of Royal Bank of Canada by 2.0% during the 4th quarter. Raymond James Trust N.A. now owns 7,830 shares of the financial services provider’s stock worth $792,000 after acquiring an additional 157 shares in the last quarter. Finally, CWM LLC boosted its stake in shares of Royal Bank of Canada by 7.9% during the 4th quarter. CWM LLC now owns 2,384 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 175 shares in the last quarter. Institutional investors and hedge funds own 45.31% of the company’s stock.

Royal Bank of Canada Stock Performance

Shares of RY stock traded down $0.33 during mid-day trading on Tuesday, reaching $104.28. The stock had a trading volume of 593,245 shares, compared to its average volume of 1,195,126. The firm’s 50 day simple moving average is $99.81 and its 200 day simple moving average is $96.30. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.11. Royal Bank of Canada has a one year low of $77.90 and a one year high of $105.00. The firm has a market cap of $147.53 billion, a PE ratio of 13.13, a P/E/G ratio of 1.78 and a beta of 0.86.

Royal Bank of Canada (NYSE:RYGet Free Report) (TSE:RY) last announced its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.05. Royal Bank of Canada had a return on equity of 14.74% and a net margin of 12.43%. The company had revenue of $9.98 billion during the quarter, compared to the consensus estimate of $10.10 billion. On average, analysts forecast that Royal Bank of Canada will post 8.45 EPS for the current year.

Royal Bank of Canada Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 25th will be given a $1.0207 dividend. The ex-dividend date is Wednesday, April 24th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.92%. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $1.02. Royal Bank of Canada’s dividend payout ratio (DPR) is currently 51.39%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Barclays began coverage on Royal Bank of Canada in a research note on Wednesday, March 20th. They set an “equal weight” rating for the company. Jefferies Financial Group upgraded Royal Bank of Canada from a “hold” rating to a “buy” rating in a research note on Monday. BMO Capital Markets upgraded Royal Bank of Canada from a “market perform” rating to an “outperform” rating and increased their target price for the company from $140.00 to $150.00 in a research note on Friday, April 5th. Finally, StockNews.com downgraded Royal Bank of Canada from a “hold” rating to a “sell” rating in a research note on Tuesday, February 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $137.67.

Read Our Latest Stock Analysis on RY

Royal Bank of Canada Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Royal Bank of Canada (NYSE:RY)

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