Fulcrum Asset Management LLP acquired a new position in Royal Bank Of Canada (NYSE:RY – Free Report) (TSE:RY) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 11,835 shares of the financial services provider’s stock, valued at approximately $2,018,000.
Several other institutional investors have also added to or reduced their stakes in the stock. Allworth Financial LP raised its holdings in Royal Bank Of Canada by 9.3% in the 4th quarter. Allworth Financial LP now owns 2,468 shares of the financial services provider’s stock worth $421,000 after purchasing an additional 209 shares in the last quarter. Ameritas Advisory Services LLC raised its holdings in Royal Bank Of Canada by 346.3% in the 4th quarter. Ameritas Advisory Services LLC now owns 1,879 shares of the financial services provider’s stock worth $320,000 after purchasing an additional 1,458 shares in the last quarter. Independent Advisor Alliance raised its holdings in Royal Bank Of Canada by 9.0% in the 4th quarter. Independent Advisor Alliance now owns 15,290 shares of the financial services provider’s stock worth $2,607,000 after purchasing an additional 1,260 shares in the last quarter. Legacy Financial Advisors Inc. raised its holdings in Royal Bank Of Canada by 14.1% in the 4th quarter. Legacy Financial Advisors Inc. now owns 5,533 shares of the financial services provider’s stock worth $943,000 after purchasing an additional 682 shares in the last quarter. Finally, World Investment Advisors raised its holdings in Royal Bank Of Canada by 49.7% in the 4th quarter. World Investment Advisors now owns 10,506 shares of the financial services provider’s stock worth $1,791,000 after purchasing an additional 3,489 shares in the last quarter. 45.31% of the stock is currently owned by institutional investors.
Royal Bank Of Canada Stock Performance
Shares of RY stock opened at $183.80 on Friday. The company has a 50 day moving average price of $170.01 and a 200-day moving average price of $165.42. Royal Bank Of Canada has a 52 week low of $122.50 and a 52 week high of $183.87. The firm has a market capitalization of $256.90 billion, a PE ratio of 17.59, a P/E/G ratio of 1.35 and a beta of 0.80. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.09.
Royal Bank Of Canada Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Thursday, April 23rd will be issued a $1.64 dividend. The ex-dividend date of this dividend is Thursday, April 23rd. This represents a $6.56 dividend on an annualized basis and a dividend yield of 3.6%. Royal Bank Of Canada’s dividend payout ratio (DPR) is presently 45.17%.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. Zacks Research lowered shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. Raymond James Financial cut shares of Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a report on Tuesday. Barclays reaffirmed an “overweight” rating on shares of Royal Bank Of Canada in a research note on Thursday, February 19th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Royal Bank Of Canada in a research note on Monday, May 4th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research note on Monday, May 4th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s 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 $162.00.
Read Our Latest Analysis on RY
About Royal Bank Of Canada
Royal Bank of Canada (NYSE: RY) is a diversified financial services company and one of Canada’s largest banks. Founded in 1864 in Halifax, Nova Scotia, the firm is now headquartered in Toronto, Ontario. It provides a broad range of banking and financial services to individuals, businesses, and institutional clients through a network of branches, digital platforms and international offices.
RBC operates across several principal business segments including personal and commercial banking, wealth management, insurance, investor and treasury services, capital markets, and global asset management.
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