Royal Bank of Canada (NYSE:RY) Stock Position Trimmed by Transamerica Financial Advisors Inc.

Transamerica Financial Advisors Inc. trimmed its position in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 7.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,378 shares of the financial services provider’s stock after selling 104 shares during the period. Transamerica Financial Advisors Inc.’s holdings in Royal Bank of Canada were worth $166,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Dunhill Financial LLC acquired a new position in shares of Royal Bank of Canada during the third quarter worth approximately $25,000. Larson Financial Group LLC acquired a new position in Royal Bank of Canada during the 3rd quarter worth $26,000. WealthTrak Capital Management LLC bought a new position in shares of Royal Bank of Canada in the fourth quarter worth $28,000. Roxbury Financial LLC acquired a new position in shares of Royal Bank of Canada during the fourth quarter valued at $29,000. Finally, Kieckhefer Group LLC acquired a new position in shares of Royal Bank of Canada during the fourth quarter valued at $36,000. Institutional investors own 45.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on RY shares. StockNews.com upgraded shares of Royal Bank of Canada from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. CIBC reiterated a “neutral” rating on shares of Royal Bank of Canada in a report on Wednesday, March 5th. Finally, BMO Capital Markets dropped their target price 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. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $156.50.

Royal Bank of Canada Stock Performance

Shares of RY opened at $112.04 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 firm’s 50 day moving average is $117.43 and its 200-day moving average is $121.04. Royal Bank of Canada has a 12-month low of $95.84 and a 12-month high of $128.05. The stock has a market capitalization of $158.17 billion, a P/E ratio of 13.56, a P/E/G ratio of 1.80 and a beta of 0.88.

Royal Bank of Canada Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be given a dividend of $1.0251 per share. The ex-dividend date of this dividend is Thursday, April 24th. This represents a $4.10 dividend on an annualized basis and a dividend yield of 3.66%. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 45.96%.

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.