Royal Bank of Canada (NYSE:RY) Shares Acquired by Aprio Wealth Management LLC

Aprio Wealth Management LLC boosted its stake in Royal Bank of Canada (NYSE:RY) (TSE:RY) by 10.9% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,345 shares of the financial services provider’s stock after purchasing an additional 915 shares during the period. Aprio Wealth Management LLC’s holdings in Royal Bank of Canada were worth $1,126,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in RY. Private Advisor Group LLC increased its holdings in Royal Bank of Canada by 1.8% in the 2nd quarter. Private Advisor Group LLC now owns 6,065 shares of the financial services provider’s stock valued at $645,000 after purchasing an additional 109 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in Royal Bank of Canada in the 2nd quarter valued at approximately $33,000. Choreo LLC acquired a new stake in Royal Bank of Canada in the 2nd quarter valued at approximately $208,000. Daiwa Securities Group Inc. grew its stake in shares of Royal Bank of Canada by 57.1% in the second quarter. Daiwa Securities Group Inc. now owns 4,950 shares of the financial services provider’s stock worth $527,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of Royal Bank of Canada by 6.0% in the second quarter. Parallel Advisors LLC now owns 5,785 shares of the financial services provider’s stock worth $615,000 after acquiring an additional 328 shares in the last quarter. Institutional investors and hedge funds own 45.31% of the company’s stock.

Royal Bank of Canada Price Performance

Shares of RY opened at $118.47 on Monday. Royal Bank of Canada has a 1-year low of $93.97 and a 1-year high of $128.05. The stock has a market cap of $167.48 billion, a PE ratio of 14.34, a price-to-earnings-growth ratio of 1.86 and a beta of 0.87. 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 has a fifty day moving average price of $122.98 and a 200 day moving average price of $119.03.

Royal Bank of Canada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Stockholders 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 dividend yield of 3.55%. This is a boost 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 presently 52.91%.

Analyst Upgrades and Downgrades

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