Axa cut its position in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 4.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 980,009 shares of the financial services provider’s stock after selling 44,394 shares during the quarter. Axa owned approximately 0.07% of Royal Bank of Canada worth $75,804,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in RY. Fieldpoint Private Securities LLC bought a new stake in Royal Bank of Canada in the third quarter worth about $153,000. Guardian Capital LP raised its position in Royal Bank of Canada by 3.9% in the third quarter. Guardian Capital LP now owns 4,445,146 shares of the financial services provider’s stock worth $343,017,000 after acquiring an additional 167,744 shares during the period. Guardian Capital Advisors LP raised its position in Royal Bank of Canada by 0.4% in the third quarter. Guardian Capital Advisors LP now owns 437,257 shares of the financial services provider’s stock worth $44,057,000 after acquiring an additional 1,571 shares during the period. Janney Montgomery Scott LLC raised its position in Royal Bank of Canada by 3.6% in the third quarter. Janney Montgomery Scott LLC now owns 36,703 shares of the financial services provider’s stock worth $2,839,000 after acquiring an additional 1,287 shares during the period. Finally, Jane Street Group LLC raised its position in Royal Bank of Canada by 94.5% in the third quarter. Jane Street Group LLC now owns 62,741 shares of the financial services provider’s stock worth $4,853,000 after acquiring an additional 30,491 shares during the period. Institutional investors and hedge funds own 40.68% of the company’s stock.

Royal Bank of Canada (NYSE RY) traded down $0.04 during midday trading on Friday, hitting $79.55. 803,900 shares of the stock traded hands, compared to its average volume of 978,233. Royal Bank of Canada has a one year low of $66.66 and a one year high of $80.98. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $115,636.15, a price-to-earnings ratio of 13.79, a P/E/G ratio of 1.79 and a beta of 1.07.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, January 25th will be given a $0.7157 dividend. This represents a $2.86 annualized dividend and a dividend yield of 3.60%. The ex-dividend date is Wednesday, January 24th. Royal Bank of Canada’s dividend payout ratio (DPR) is currently 49.83%.

Several analysts have commented on the stock. Scotiabank lowered shares of Royal Bank of Canada from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 21st. Howard Weil lowered shares of Royal Bank of Canada to a “sector perform” rating in a research report on Monday, August 21st. Canaccord Genuity reaffirmed a “hold” rating and issued a $105.00 price objective on shares of Royal Bank of Canada in a research report on Wednesday, November 29th. Zacks Investment Research lowered shares of Royal Bank of Canada from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Finally, BidaskClub raised shares of Royal Bank of Canada from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. One research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $97.75.

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

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