Stephens Inc. AR cut its stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 9.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,937 shares of the company’s stock after selling 1,581 shares during the period. Stephens Inc. AR’s holdings in Royal Bank Of Canada were worth $987,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC raised its position in Royal Bank Of Canada by 32.4% in the second quarter. Signaturefd LLC now owns 1,867 shares of the company’s stock valued at $110,000 after buying an additional 457 shares in the last quarter. Pacad Investment Ltd. purchased a new position in Royal Bank Of Canada during the second quarter valued at about $130,000. Integrated Wealth Management raised its position in Royal Bank Of Canada by 49.3% in the second quarter. Integrated Wealth Management now owns 2,573 shares of the company’s stock valued at $152,000 after buying an additional 850 shares in the last quarter. Advisor Group Inc. purchased a new position in Royal Bank Of Canada during the second quarter valued at about $183,000. Finally, Wealthsource Partners LLC purchased a new position in Royal Bank Of Canada during the third quarter valued at about $202,000. 46.02% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Royal Bank Of Canada (NYSE:RY)

Royal Bank Of Canada (NYSE:RY) traded up 0.77% on Friday, reaching $71.96. 1,224,602 shares of the company were exchanged. Royal Bank Of Canada has a 52 week low of $44.37 and a 52 week high of $72.24. The stock has a market capitalization of $106.88 billion, a price-to-earnings ratio of 14.07 and a beta of 1.18. The stock has a 50-day moving average price of $68.17 and a 200 day moving average price of $63.40.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 24th. Shareholders of record on Thursday, January 26th will be issued a dividend of $0.6152 per share. The ex-dividend date of this dividend is Tuesday, January 24th. This represents a $2.46 dividend on an annualized basis and a yield of 3.42%. Royal Bank Of Canada’s dividend payout ratio (DPR) is presently 51.11%.

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Several equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Royal Bank Of Canada from a “hold” rating to a “sell” rating in a research note on Saturday, November 12th. Argus lifted their price objective on shares of Royal Bank Of Canada from $71.00 to $77.00 and gave the stock a “buy” rating in a research note on Monday, December 12th. Bank of America assumed coverage on shares of Royal Bank Of Canada in a research note on Tuesday, November 1st. They set an “underperform” rating for the company. Dundee Securities assumed coverage on shares of Royal Bank Of Canada in a research note on Wednesday, September 21st. They set a “neutral” rating for the company. Finally, Rafferty Capital Markets reiterated a “hold” rating on shares of Royal Bank Of Canada in a research note on Thursday, December 1st. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $84.00.

Royal Bank Of Canada Company Profile

Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.

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