Ativo Capital Management LLC Has $1.36 Million Position in Royal Bank of Canada (NYSE:RY)

Ativo Capital Management LLC cut its stake in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 1.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,275 shares of the financial services provider’s stock after selling 201 shares during the quarter. Royal Bank of Canada makes up approximately 1.3% of Ativo Capital Management LLC’s portfolio, making the stock its 22nd biggest position. Ativo Capital Management LLC’s holdings in Royal Bank of Canada were worth $1,359,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Summerhill Capital Management lnc. lifted its stake in shares of Royal Bank of Canada by 2.8% in the 4th quarter. Summerhill Capital Management lnc. now owns 57,822 shares of the financial services provider’s stock valued at $6,965,000 after purchasing an additional 1,561 shares during the period. Allianz Asset Management GmbH lifted its stake in shares of Royal Bank of Canada by 18.3% in the 4th quarter. Allianz Asset Management GmbH now owns 275,723 shares of the financial services provider’s stock valued at $33,228,000 after purchasing an additional 42,706 shares during the period. Tandem Investment Advisors Inc. lifted its stake in shares of Royal Bank of Canada by 2.2% in the 4th quarter. Tandem Investment Advisors Inc. now owns 7,051 shares of the financial services provider’s stock valued at $850,000 after purchasing an additional 151 shares during the period. Sunpointe LLC lifted its stake in shares of Royal Bank of Canada by 9.3% in the 4th quarter. Sunpointe LLC now owns 1,936 shares of the financial services provider’s stock valued at $233,000 after purchasing an additional 164 shares during the period. Finally, Ieq Capital LLC lifted its stake in shares of Royal Bank of Canada by 12.6% in the 4th quarter. Ieq Capital LLC now owns 3,218 shares of the financial services provider’s stock valued at $388,000 after purchasing an additional 359 shares during the period. 45.31% of the stock is owned by institutional investors and hedge funds.

Royal Bank of Canada Stock Performance

Shares of Royal Bank of Canada stock opened at $118.92 on Friday. Royal Bank of Canada has a one year low of $95.84 and a one year high of $128.05. The firm has a market capitalization of $168.20 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 1.80 and a beta of 0.87. The business has a 50-day simple moving average of $120.50 and a 200 day simple moving average of $121.11. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.86 and a quick ratio of 0.86.

Royal Bank of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Monday, January 27th will be issued a dividend of $1.0522 per share. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $1.03. This represents a $4.21 dividend on an annualized basis and a yield of 3.54%. The ex-dividend date is Monday, January 27th. Royal Bank of Canada’s payout ratio is currently 49.76%.

Wall Street Analysts Forecast Growth

RY has been the topic of a number of recent analyst reports. StockNews.com downgraded Royal Bank of Canada from a “hold” rating to a “sell” rating in a research note on Wednesday, January 1st. TD Securities downgraded Royal Bank of Canada from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. BMO Capital Markets decreased their target price 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, Barclays raised Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a research report on Thursday, November 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average 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.