Live Oak Private Wealth LLC Has $6.47 Million Stock Holdings in Royal Bank of Canada (NYSE:RY)

Live Oak Private Wealth LLC reduced its position in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 6.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 53,689 shares of the financial services provider’s stock after selling 3,887 shares during the quarter. Live Oak Private Wealth LLC’s holdings in Royal Bank of Canada were worth $6,470,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in RY. Capital Performance Advisors LLP purchased a new stake in Royal Bank of Canada in the 3rd quarter valued at $25,000. Dunhill Financial LLC purchased a new stake in shares of Royal Bank of Canada in the third quarter valued at about $25,000. Larson Financial Group LLC purchased a new position in Royal Bank of Canada during the third quarter worth about $26,000. Whittier Trust Co. of Nevada Inc. grew its position in Royal Bank of Canada by 110.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 225 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 118 shares in the last quarter. Finally, Grove Bank & Trust purchased a new stake in Royal Bank of Canada in the 3rd quarter valued at about $28,000. Institutional investors own 45.31% of the company’s stock.

Analyst Upgrades and Downgrades

RY has been the topic of a number of research analyst reports. TD Securities downgraded Royal Bank of Canada from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. StockNews.com downgraded Royal Bank of Canada from a “hold” rating to a “sell” rating in a research note on Wednesday, January 1st. Barclays upgraded Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a research note on Thursday, November 21st. Finally, BMO Capital Markets reduced 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 report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Royal Bank of Canada currently has an average rating of “Moderate Buy” and a consensus price target of $156.50.

Royal Bank of Canada Stock Performance

NYSE:RY opened at $119.34 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $168.78 billion, a P/E ratio of 14.45, a P/E/G ratio of 1.82 and a beta of 0.87. Royal Bank of Canada has a 1 year low of $93.97 and a 1 year high of $128.05. The business has a fifty day simple moving average of $122.04 and a two-hundred day simple moving average of $120.40.

Royal Bank of Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Monday, January 27th will be issued a dividend of $1.0522 per share. The ex-dividend date is Monday, January 27th. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $1.03. This represents a $4.21 annualized dividend and a yield of 3.53%. Royal Bank of Canada’s dividend payout ratio is 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.