Capital Investment Advisory Services LLC Purchases 255 Shares of Royal Bank of Canada (NYSE:RY)

Capital Investment Advisory Services LLC increased its position in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 1.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,528 shares of the financial services provider’s stock after purchasing an additional 255 shares during the period. Capital Investment Advisory Services LLC’s holdings in Royal Bank of Canada were worth $2,233,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new position in Royal Bank of Canada during the third quarter valued at approximately $25,000. Dunhill Financial LLC purchased a new stake in shares of Royal Bank of Canada in the third quarter valued at $25,000. Larson Financial Group LLC bought a new stake in shares of Royal Bank of Canada in the 3rd quarter worth about $26,000. Whittier Trust Co. of Nevada Inc. grew its holdings in Royal Bank of Canada by 110.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 225 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 118 shares during the last quarter. Finally, Grove Bank & Trust purchased a new stake in Royal Bank of Canada in the 3rd quarter worth about $28,000. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. TD Securities cut Royal Bank of Canada from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. BMO Capital Markets cut their price target on shares of 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. StockNews.com lowered shares of Royal Bank of Canada from a “hold” rating to a “sell” rating in a report on Wednesday, January 1st. Finally, 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $156.50.

Royal Bank of Canada Trading Down 0.9 %

NYSE:RY opened at $122.05 on Thursday. The firm has a 50-day simple moving average of $122.47 and a 200-day simple moving average of $120.07. Royal Bank of Canada has a one year low of $93.97 and a one year high of $128.05. The firm has a market cap of $172.62 billion, a P/E ratio of 14.78, a P/E/G ratio of 1.81 and a beta of 0.87. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.86 and a current ratio of 0.86.

Royal Bank of Canada Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Monday, January 27th will be given a dividend of $1.0522 per share. This represents a $4.21 annualized dividend and a yield of 3.45%. The ex-dividend date is Monday, January 27th. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $1.03. Royal Bank of Canada’s dividend payout ratio (DPR) is 50.85%.

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.