Quilter Plc Has $3.47 Million Stock Position in Royal Bank of Canada (NYSE:RY)

Quilter Plc reduced its stake in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 18.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,826 shares of the financial services provider’s stock after selling 6,664 shares during the quarter. Quilter Plc’s holdings in Royal Bank of Canada were worth $3,471,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Savant Capital LLC grew its position in shares of Royal Bank of Canada by 13.3% during the 4th quarter. Savant Capital LLC now owns 7,550 shares of the financial services provider’s stock worth $910,000 after buying an additional 886 shares during the period. Wagner Wealth Management LLC lifted its holdings in shares of Royal Bank of Canada by 9.0% during the 4th quarter. Wagner Wealth Management LLC now owns 6,284 shares of the financial services provider’s stock valued at $757,000 after purchasing an additional 521 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new position in shares of Royal Bank of Canada during the 4th quarter valued at about $70,000. Stephens Inc. AR lifted its holdings in shares of Royal Bank of Canada by 6.4% during the 4th quarter. Stephens Inc. AR now owns 10,268 shares of the financial services provider’s stock valued at $1,237,000 after purchasing an additional 616 shares in the last quarter. Finally, Entropy Technologies LP lifted its holdings in shares of Royal Bank of Canada by 96.5% during the 4th quarter. Entropy Technologies LP now owns 12,972 shares of the financial services provider’s stock valued at $1,563,000 after purchasing an additional 6,372 shares in the last quarter. 45.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Royal Bank of Canada Stock Down 0.1 %

RY stock opened at $119.26 on Monday. 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 market capitalization of $168.68 billion, a PE ratio of 14.44, a PEG ratio of 1.78 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’s 50 day simple moving average is $121.79 and its 200 day simple moving average is $120.52.

Royal Bank of Canada Increases Dividend

The company 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 $1.0522 dividend. This represents a $4.21 dividend on an annualized basis and a yield of 3.53%. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $1.03. The ex-dividend date is Monday, January 27th. Royal Bank of Canada’s dividend payout ratio 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.