Royal Bank of Canada (NYSE:RY) Shares Sold by Angeles Investment Advisors LLC

Angeles Investment Advisors LLC trimmed its position in Royal Bank of Canada (NYSE:RY) (TSE:RY) by 10.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,094 shares of the financial services provider’s stock after selling 236 shares during the quarter. Angeles Investment Advisors LLC’s holdings in Royal Bank of Canada were worth $252,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of RY. Financial Management Professionals Inc. boosted its stake in shares of Royal Bank of Canada by 26.8% in the fourth quarter. Financial Management Professionals Inc. now owns 426 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 90 shares during the last quarter. Ballentine Partners LLC boosted its stake in Royal Bank of Canada by 2.2% during the 4th quarter. Ballentine Partners LLC now owns 4,308 shares of the financial services provider’s stock worth $519,000 after purchasing an additional 94 shares during the last quarter. Richardson Financial Services Inc. grew its holdings in shares of Royal Bank of Canada by 45.7% during the fourth quarter. Richardson Financial Services Inc. now owns 306 shares of the financial services provider’s stock worth $37,000 after buying an additional 96 shares in the last quarter. DAVENPORT & Co LLC grew its holdings in shares of Royal Bank of Canada by 0.8% during the fourth quarter. DAVENPORT & Co LLC now owns 12,466 shares of the financial services provider’s stock worth $1,502,000 after buying an additional 101 shares in the last quarter. Finally, CENTRAL TRUST Co raised its position in shares of Royal Bank of Canada by 5.3% in the fourth quarter. CENTRAL TRUST Co now owns 2,270 shares of the financial services provider’s stock valued at $274,000 after buying an additional 115 shares during the last quarter. 45.31% of the stock is currently owned by hedge funds and other institutional investors.

Royal Bank of Canada Trading Down 0.1 %

RY opened at $113.71 on Monday. The stock has a market capitalization of $160.52 billion, a PE ratio of 13.77, a P/E/G ratio of 1.80 and a beta of 0.88. Royal Bank of Canada has a one year low of $95.84 and a one year high of $128.05. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.86 and a current ratio of 0.86. The business’s 50 day moving average price is $117.86 and its 200 day moving average price is $121.28.

Royal Bank of Canada Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be paid a $1.0251 dividend. This represents a $4.10 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend is Thursday, April 24th. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 45.96%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. CIBC reaffirmed a “neutral” rating on shares of Royal Bank of Canada in a research note on Wednesday, March 5th. StockNews.com upgraded Royal Bank of Canada from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Finally, BMO Capital Markets cut their price target on Royal Bank of Canada from $195.00 to $193.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock 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.