Royal Bank of Canada (NYSE:RY) Shares Acquired by Ieq Capital LLC

Ieq Capital LLC increased its holdings in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 12.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,218 shares of the financial services provider’s stock after acquiring an additional 359 shares during the quarter. Ieq Capital LLC’s holdings in Royal Bank of Canada were worth $388,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Capital Performance Advisors LLP acquired a new stake in shares of Royal Bank of Canada during the 3rd quarter worth approximately $25,000. Dunhill Financial LLC bought a new position in Royal Bank of Canada during the 3rd quarter worth $25,000. Larson Financial Group LLC acquired a new stake in Royal Bank of Canada in the third quarter worth $26,000. Roxbury Financial LLC bought a new stake in Royal Bank of Canada in 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.

Royal Bank of Canada Stock Down 3.5 %

Royal Bank of Canada stock opened at $115.26 on Friday. Royal Bank of Canada has a 52 week low of $95.84 and a 52 week high of $128.05. The stock has a market cap of $163.02 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 1.80 and a beta of 0.87. The company’s 50-day moving average price is $120.19 and its two-hundred day moving average price is $121.38. 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 Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Monday, January 27th were issued a dividend of $1.0522 per share. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $1.03. The ex-dividend date was Monday, January 27th. This represents a $4.21 annualized dividend and a yield of 3.65%. Royal Bank of Canada’s payout ratio is presently 49.76%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on RY. Barclays raised shares of Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a report on Thursday, November 21st. TD Securities lowered shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. BMO Capital Markets reduced their price objective on 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. Finally, StockNews.com lowered Royal Bank of Canada from a “hold” rating to a “sell” rating in a report on Wednesday, January 1st. 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $156.50.

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.