Murphy & Mullick Capital Management Corp Makes New $50,000 Investment in Royal Bank of Canada (NYSE:RY)

Murphy & Mullick Capital Management Corp acquired a new stake in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 413 shares of the financial services provider’s stock, valued at approximately $50,000.

A number of other hedge funds also recently made changes to their positions in the stock. Dunhill Financial LLC bought a new stake in Royal Bank of Canada during the third quarter worth about $25,000. Larson Financial Group LLC bought a new stake in Royal Bank of Canada in the 3rd quarter worth approximately $26,000. Roxbury Financial LLC purchased a new stake in Royal Bank of Canada in the fourth quarter worth approximately $29,000. Jackson Grant Investment Advisers Inc. bought a new position in Royal Bank of Canada during the fourth quarter valued at approximately $36,000. Finally, Kieckhefer Group LLC purchased a new position in shares of Royal Bank of Canada during the fourth quarter worth approximately $36,000. 45.31% of the stock is owned by institutional investors.

Royal Bank of Canada Stock Performance

Royal Bank of Canada stock opened at $114.73 on Friday. Royal Bank of Canada has a 1-year low of $95.84 and a 1-year high of $128.05. The firm has a market cap of $161.96 billion, a P/E ratio of 13.89, a P/E/G ratio of 1.80 and a beta of 0.88. 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 50-day moving average of $117.59 and a 200-day moving average of $121.13.

Royal Bank of Canada Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be given a $1.0251 dividend. The ex-dividend date is Thursday, April 24th. This represents a $4.10 dividend on an annualized basis and a dividend yield of 3.57%. Royal Bank of Canada’s dividend payout ratio is currently 45.96%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. BMO Capital Markets lowered their price target on shares of 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. CIBC restated a “neutral” rating on shares of Royal Bank of Canada in a report on Wednesday, March 5th. Finally, StockNews.com raised Royal Bank of Canada from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Three research analysts have rated the stock with 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, Royal Bank of Canada presently has a consensus rating of “Moderate Buy” and an average price target of $156.50.

About Royal Bank of Canada

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.