Kathmere Capital Management LLC Acquires 191 Shares of Royal Bank of Canada (NYSE:RY)

Kathmere Capital Management LLC increased its holdings in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,475 shares of the financial services provider’s stock after acquiring an additional 191 shares during the period. Kathmere Capital Management LLC’s holdings in Royal Bank of Canada were worth $539,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RY. Tuttle Capital Management LLC grew its stake in shares of Royal Bank of Canada by 34.7% in the 4th quarter. Tuttle Capital Management LLC now owns 3,415 shares of the financial services provider’s stock valued at $412,000 after purchasing an additional 880 shares during the period. JTC Employer Solutions Trustee Ltd boosted its stake in Royal Bank of Canada by 355.9% in the 4th quarter. JTC Employer Solutions Trustee Ltd now owns 1,705 shares of the financial services provider’s stock valued at $206,000 after buying an additional 1,331 shares in the last quarter. Kieckhefer Group LLC acquired a new stake in Royal Bank of Canada in the 4th quarter valued at $36,000. Aprio Wealth Management LLC raised its stake in Royal Bank of Canada by 10.9% during the fourth quarter. Aprio Wealth Management LLC now owns 9,345 shares of the financial services provider’s stock worth $1,126,000 after acquiring an additional 915 shares in the last quarter. Finally, Franklin Street Advisors Inc. NC raised its stake in Royal Bank of Canada by 13.0% during the fourth quarter. Franklin Street Advisors Inc. NC now owns 16,030 shares of the financial services provider’s stock worth $1,932,000 after acquiring an additional 1,850 shares in the last quarter. Institutional investors own 45.31% of the company’s stock.

Analyst Upgrades and Downgrades

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

Royal Bank of Canada Trading Up 0.9 %

RY opened at $119.64 on Thursday. Royal Bank of Canada has a 1-year low of $93.97 and a 1-year high of $128.05. The stock has a market capitalization of $169.13 billion, a PE ratio of 14.48, a PEG ratio of 1.86 and a beta of 0.87. 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 price of $122.81 and a two-hundred day moving average price of $119.21.

Royal Bank of Canada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Monday, January 27th will be issued a $1.0522 dividend. The ex-dividend date of this dividend is Monday, January 27th. This represents a $4.21 dividend on an annualized basis and a dividend yield of 3.52%. 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 Company 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.