Royal Bank of Canada (NYSE:RY) Shares Sold by Bfsg LLC

Bfsg LLC trimmed its position in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 10.8% during the fourth quarter, Holdings Channel reports. The firm owned 3,091 shares of the financial services provider’s stock after selling 374 shares during the quarter. Bfsg LLC’s holdings in Royal Bank of Canada were worth $372,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new stake in shares of Royal Bank of Canada in the third quarter valued at $25,000. Dunhill Financial LLC acquired a new stake in shares of Royal Bank of Canada in the third quarter valued at $25,000. Larson Financial Group LLC acquired a new stake in shares of Royal Bank of Canada in the third quarter valued at $26,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Royal Bank of Canada by 110.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 225 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 118 shares in the last quarter. Finally, Roxbury Financial LLC acquired a new stake in shares of Royal Bank of Canada in the fourth quarter valued at $29,000. 45.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Royal Bank of Canada Stock Performance

NYSE:RY opened at $120.89 on Wednesday. The firm has a market capitalization of $170.98 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 1.78 and a beta of 0.87. The business’s fifty day moving average price is $120.82 and its 200 day moving average price is $121.03. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.86 and a quick ratio of 0.86. Royal Bank of Canada has a 12 month low of $95.84 and a 12 month high of $128.05.

Royal Bank of Canada Increases Dividend

The firm also recently announced 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. This represents a $4.21 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend is Monday, January 27th. 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 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.