Quilter Plc Sells 6,664 Shares of Royal Bank of Canada (NYSE:RY)

Quilter Plc cut its position in Royal Bank of Canada (NYSE:RY) (TSE:RY) by 18.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 28,826 shares of the financial services provider’s stock after selling 6,664 shares during the period. Quilter Plc’s holdings in Royal Bank of Canada were worth $3,471,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. FMR LLC increased its stake in shares of Royal Bank of Canada by 75.8% in the third quarter. FMR LLC now owns 17,866,021 shares of the financial services provider’s stock valued at $2,229,834,000 after buying an additional 7,702,585 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Royal Bank of Canada by 165.1% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,896,755 shares of the financial services provider’s stock valued at $361,532,000 after buying an additional 1,804,022 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Royal Bank of Canada in the third quarter valued at about $153,217,000. Geode Capital Management LLC increased its stake in shares of Royal Bank of Canada by 9.3% in the third quarter. Geode Capital Management LLC now owns 6,390,914 shares of the financial services provider’s stock valued at $805,616,000 after buying an additional 541,760 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in Royal Bank of Canada by 18.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,336,354 shares of the financial services provider’s stock worth $291,925,000 after purchasing an additional 359,719 shares during the period. 45.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on RY shares. StockNews.com cut Royal Bank of Canada from a “hold” rating to a “sell” rating in a research note on Wednesday, January 1st. BMO Capital Markets decreased their target price on Royal Bank of Canada from $195.00 to $193.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. TD Securities cut Royal Bank of Canada from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, Barclays upgraded Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $156.50.

Royal Bank of Canada Stock Down 0.1 %

RY stock opened at $119.26 on Monday. Royal Bank of Canada has a twelve month low of $93.97 and a twelve month high of $128.05. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.11. The stock’s 50 day moving average is $121.79 and its 200-day moving average is $120.52. The firm has a market capitalization of $168.68 billion, a PE ratio of 14.44, a P/E/G ratio of 1.78 and a beta of 0.87.

Royal Bank of Canada Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Monday, January 27th will be issued a $1.0522 dividend. This represents a $4.21 dividend on an annualized basis and a dividend yield of 3.53%. The ex-dividend date of this dividend is Monday, January 27th. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $1.03. Royal Bank of Canada’s dividend payout ratio (DPR) is currently 49.76%.

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.