Barclays PLC Decreases Holdings in Royal Bank of Canada (NYSE:RY)

Barclays PLC trimmed its holdings in shares of Royal Bank of Canada (NYSE:RYGet Rating) (TSE:RY) by 5.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 248,618 shares of the financial services provider’s stock after selling 13,807 shares during the quarter. Barclays PLC’s holdings in Royal Bank of Canada were worth $22,386,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Five Oceans Advisors raised its position in Royal Bank of Canada by 47.7% in the 3rd quarter. Five Oceans Advisors now owns 7,487 shares of the financial services provider’s stock worth $674,000 after purchasing an additional 2,419 shares during the period. Rockefeller Capital Management L.P. raised its position in Royal Bank of Canada by 12.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 86,790 shares of the financial services provider’s stock worth $7,814,000 after purchasing an additional 9,642 shares during the period. DekaBank Deutsche Girozentrale raised its position in Royal Bank of Canada by 5.7% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 958,666 shares of the financial services provider’s stock worth $86,589,000 after purchasing an additional 51,370 shares during the period. Aptus Capital Advisors LLC raised its position in Royal Bank of Canada by 7.7% in the 3rd quarter. Aptus Capital Advisors LLC now owns 5,860 shares of the financial services provider’s stock worth $528,000 after purchasing an additional 419 shares during the period. Finally, Avantax Advisory Services Inc. raised its position in Royal Bank of Canada by 3.7% in the 3rd quarter. Avantax Advisory Services Inc. now owns 11,675 shares of the financial services provider’s stock worth $1,051,000 after purchasing an additional 415 shares during the period. 41.19% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on RY shares. Keefe, Bruyette & Woods raised shares of Royal Bank of Canada from an “underperform” rating to a “market perform” rating in a research report on Thursday, December 1st. Bank of America raised shares of Royal Bank of Canada from an “underperform” rating to a “neutral” rating in a research report on Monday, December 12th. Canaccord Genuity Group upped their target price on shares of Royal Bank of Canada from C$131.00 to C$136.00 and gave the stock a “buy” rating in a research note on Thursday, December 1st. StockNews.com upgraded shares of Royal Bank of Canada from a “sell” rating to a “hold” rating in a research note on Thursday, December 1st. Finally, National Bank Financial dropped their target price on shares of Royal Bank of Canada from C$148.00 to C$147.00 in a research note on Thursday, December 1st. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $140.09.

Royal Bank of Canada Price Performance

NYSE RY opened at $100.75 on Tuesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.88 and a current ratio of 0.88. The firm’s 50 day moving average price is $97.40 and its 200-day moving average price is $95.49. Royal Bank of Canada has a 52-week low of $83.63 and a 52-week high of $116.84. The company has a market cap of $139.62 billion, a PE ratio of 11.72, a P/E/G ratio of 1.77 and a beta of 0.84.

Royal Bank of Canada (NYSE:RYGet Rating) (TSE:RY) last released its quarterly earnings data on Wednesday, November 30th. The financial services provider reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.02 by $0.07. Royal Bank of Canada had a net margin of 23.66% and a return on equity of 16.33%. The firm had revenue of $9.44 billion for the quarter. Sell-side analysts forecast that Royal Bank of Canada will post 8.63 EPS for the current fiscal year.

Royal Bank of Canada Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 24th. Shareholders of record on Thursday, January 26th will be paid a $0.9832 dividend. The ex-dividend date of this dividend is Wednesday, January 25th. This represents a $3.93 annualized dividend and a yield of 3.90%. Royal Bank of Canada’s dividend payout ratio (DPR) is 43.02%.

Royal Bank of Canada Profile

(Get Rating)

Royal Bank of Canada engages in the provision of banking and financial solutions. It operates through the following segments: Personal and Commercial Banking, Wealth Management, Insurance, Investor and Treasury Services, Capital Markets, and Corporate Support. The Personal and Commercial Banking segment deals with a broad suite of financial products and services in Canada.

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

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