Qtron Investments LLC Has $2.67 Million Stock Position in Royal Bank of Canada (NYSE:RY)

Qtron Investments LLC trimmed its position in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 4.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,148 shares of the financial services provider’s stock after selling 1,049 shares during the quarter. Qtron Investments LLC’s holdings in Royal Bank of Canada were worth $2,669,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of RY. Vanguard Group Inc. increased its holdings in Royal Bank of Canada by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 59,183,549 shares of the financial services provider’s stock worth $7,136,056,000 after purchasing an additional 1,104,975 shares in the last quarter. Norges Bank purchased a new position in shares of Royal Bank of Canada during the fourth quarter valued at approximately $2,425,519,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Royal Bank of Canada by 9.0% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,112,451 shares of the financial services provider’s stock valued at $1,338,156,000 after buying an additional 921,276 shares during the last quarter. Scotia Capital Inc. lifted its stake in Royal Bank of Canada by 1.9% during the 4th quarter. Scotia Capital Inc. now owns 8,891,023 shares of the financial services provider’s stock valued at $1,071,536,000 after acquiring an additional 169,437 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Royal Bank of Canada by 31.2% during the 4th quarter. Geode Capital Management LLC now owns 8,382,278 shares of the financial services provider’s stock valued at $1,027,061,000 after acquiring an additional 1,991,364 shares in the last quarter. 45.31% of the stock is currently owned by institutional investors.

Royal Bank of Canada Trading Up 3.0 %

NYSE:RY opened at $113.26 on Friday. The firm’s 50 day moving average is $115.13 and its 200 day moving average is $120.13. 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 $159.89 billion, a PE ratio of 13.71, a price-to-earnings-growth ratio of 1.80 and a beta of 0.82. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.11.

Royal Bank of Canada Cuts Dividend

The company also recently declared 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 is Thursday, April 24th. This represents a $4.10 dividend on an annualized basis and a dividend yield of 3.62%. Royal Bank of Canada’s dividend payout ratio is presently 45.96%.

Wall Street Analysts Forecast Growth

RY has been the subject of several analyst reports. Cibc World Mkts upgraded shares of Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 3rd. CIBC upgraded Royal Bank of Canada from a “neutral” rating to a “sector outperform” rating in a research note on Friday, April 4th. Finally, StockNews.com raised Royal Bank of Canada from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, Royal Bank of Canada presently has a consensus rating of “Buy” and a consensus price target of $156.50.

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.