Royal Bank of Canada (NYSE:RY) Shares Sold by Tacita Capital Inc

Tacita Capital Inc lessened its holdings in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,545 shares of the financial services provider’s stock after selling 273 shares during the quarter. Royal Bank of Canada makes up 2.8% of Tacita Capital Inc’s investment portfolio, making the stock its 10th largest holding. Tacita Capital Inc’s holdings in Royal Bank of Canada were worth $3,915,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in RY. Capital Performance Advisors LLP bought a new stake in shares of Royal Bank of Canada in the 3rd quarter valued at approximately $25,000. Dunhill Financial LLC bought a new stake in Royal Bank of Canada in the third quarter worth approximately $25,000. Larson Financial Group LLC bought a new stake in Royal Bank of Canada in the third quarter worth approximately $26,000. Roxbury Financial LLC bought a new stake in Royal Bank of Canada in the fourth quarter worth approximately $29,000. Finally, Jackson Grant Investment Advisers Inc. bought a new stake in Royal Bank of Canada in the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 45.31% of the company’s stock.

Royal Bank of Canada Stock Down 1.1 %

RY opened at $116.87 on Tuesday. Royal Bank of Canada has a 1-year low of $95.84 and a 1-year high of $128.05. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $165.30 billion, a price-to-earnings ratio of 14.15, a P/E/G ratio of 1.80 and a beta of 0.87. The business has a 50 day moving average of $120.07 and a 200-day moving average of $121.66.

Royal Bank of Canada Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, April 24th will be issued a $1.0251 dividend. This represents a $4.10 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Thursday, April 24th. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 45.73%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on RY shares. StockNews.com upgraded Royal Bank of Canada from a “sell” rating to a “hold” rating in a research note on Friday. Barclays raised Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a research report on Thursday, November 21st. TD Securities downgraded shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, BMO Capital Markets decreased their price objective on shares of Royal Bank of Canada from $195.00 to $193.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Royal Bank of Canada currently has an average rating of “Moderate Buy” and a consensus target price of $156.50.

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.