Royal Bank of Canada (NYSE:RY) is Altrius Capital Management Inc’s 7th Largest Position

Altrius Capital Management Inc reduced its position in Royal Bank of Canada (NYSE:RY) (TSE:RY) by 12.2% in the 4th quarter, Holdings Channel reports. The firm owned 64,334 shares of the financial services provider’s stock after selling 8,977 shares during the quarter. Royal Bank of Canada accounts for about 2.1% of Altrius Capital Management Inc’s portfolio, making the stock its 7th largest position. Altrius Capital Management Inc’s holdings in Royal Bank of Canada were worth $7,753,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in shares of Royal Bank of Canada in the third quarter valued at about $25,000. Dunhill Financial LLC acquired a new stake in Royal Bank of Canada in the 3rd quarter valued at about $25,000. Larson Financial Group LLC purchased a new position in Royal Bank of Canada in the 3rd quarter worth approximately $26,000. Roxbury Financial LLC acquired a new position in shares of Royal Bank of Canada during the 4th quarter worth approximately $29,000. Finally, Kieckhefer Group LLC purchased a new stake in shares of Royal Bank of Canada in the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Royal Bank of Canada Stock Down 3.5 %

Shares of RY opened at $115.26 on Friday. The company’s 50-day moving average price is $120.19 and its 200 day moving average price is $121.38. Royal Bank of Canada has a 12-month low of $95.84 and a 12-month high of $128.05. 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 firm has a market cap of $163.02 billion, a P/E ratio of 13.95, a price-to-earnings-growth ratio of 1.80 and a beta of 0.87.

Royal Bank of Canada Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Monday, January 27th were paid a $1.0522 dividend. This represents a $4.21 dividend on an annualized basis and a dividend yield of 3.65%. This is an increase 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 49.76%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RY. TD Securities lowered Royal Bank of Canada from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Barclays raised shares of Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a research report on Thursday, November 21st. BMO Capital Markets cut their price objective on shares of Royal Bank of Canada from $195.00 to $193.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Finally, StockNews.com lowered shares of Royal Bank of Canada from a “hold” rating to a “sell” rating in a report on Wednesday, January 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.