Dimensional Fund Advisors LP increased its holdings in Royal Bank of Canada (NYSE:RY) (TSE:RY) by 0.7% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,226,386 shares of the financial services provider’s stock after acquiring an additional 8,747 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.08% of Royal Bank of Canada worth $94,860,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. Willis Investment Counsel increased its holdings in Royal Bank of Canada by 15.4% in the third quarter. Willis Investment Counsel now owns 204,500 shares of the financial services provider’s stock valued at $15,818,000 after buying an additional 27,300 shares during the last quarter. Commonwealth Bank of Australia increased its holdings in Royal Bank of Canada by 6.2% in the third quarter. Commonwealth Bank of Australia now owns 220,607 shares of the financial services provider’s stock valued at $17,076,000 after buying an additional 12,853 shares during the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in Royal Bank of Canada in the third quarter valued at about $443,000. Schroder Investment Management Group increased its holdings in Royal Bank of Canada by 34.9% in the third quarter. Schroder Investment Management Group now owns 361,022 shares of the financial services provider’s stock valued at $34,633,000 after buying an additional 93,459 shares during the last quarter. Finally, Trexquant Investment LP bought a new stake in Royal Bank of Canada in the third quarter valued at about $314,000. 40.63% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently weighed in on RY. Zacks Investment Research raised Royal Bank of Canada from a “sell” rating to a “hold” rating in a report on Wednesday, December 6th. BMO Capital Markets reissued a “hold” rating and issued a $102.00 price objective on shares of Royal Bank of Canada in a report on Wednesday, November 29th. Canaccord Genuity reissued a “hold” rating and issued a $105.00 price objective on shares of Royal Bank of Canada in a report on Wednesday, November 29th. Scotiabank reissued a “hold” rating and issued a $101.00 price objective on shares of Royal Bank of Canada in a report on Wednesday, November 22nd. Finally, Macquarie began coverage on Royal Bank of Canada in a report on Tuesday, October 24th. They issued an “underperform” rating for the company. One equities research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. The company currently has an average rating of “Hold” and an average price target of $97.75.

Royal Bank of Canada (NYSE RY) opened at $79.84 on Thursday. The company has a market capitalization of $115,868.63, a P/E ratio of 13.82, a PEG ratio of 1.79 and a beta of 1.07. Royal Bank of Canada has a fifty-two week low of $66.66 and a fifty-two week 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 business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, January 25th will be issued a dividend of $0.7157 per share. This represents a $2.86 annualized dividend and a dividend yield of 3.59%. The ex-dividend date of this dividend is Wednesday, January 24th. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 49.83%.

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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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