Royal Bank of Canada (NYSE:RY) Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lifted its position in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 322,655 shares of the financial services provider’s stock after purchasing an additional 2,291 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Royal Bank of Canada were worth $38,863,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the business. Dunhill Financial LLC acquired a new stake in Royal Bank of Canada during the third quarter worth approximately $25,000. Larson Financial Group LLC acquired a new stake in Royal Bank of Canada during the 3rd quarter worth $26,000. Roxbury Financial LLC purchased a new stake in Royal Bank of Canada in the fourth quarter valued at $29,000. WealthTrak Capital Management LLC acquired a new position in Royal Bank of Canada in the fourth quarter valued at $28,000. Finally, Jackson Grant Investment Advisers Inc. purchased a new position in shares of Royal Bank of Canada during the fourth quarter worth about $36,000. 45.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts 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, February 28th. BMO Capital Markets reduced their price target on shares of 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, CIBC reiterated a “neutral” rating on shares of Royal Bank of Canada in a research note on Wednesday, March 5th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Royal Bank of Canada currently has an average rating of “Moderate Buy” and an average price target of $156.50.

Royal Bank of Canada Trading Down 2.3 %

NYSE:RY opened at $112.04 on Friday. Royal Bank of Canada has a 12-month low of $95.84 and a 12-month 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’s 50 day simple moving average is $117.43 and its 200-day simple moving average is $121.04. The firm has a market cap of $158.17 billion, a P/E ratio of 13.56, a PEG ratio of 1.80 and a beta of 0.88.

Royal Bank of Canada Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, April 24th will be paid a $1.0251 dividend. The ex-dividend date of this dividend is Thursday, April 24th. This represents a $4.10 annualized dividend and a yield of 3.66%. Royal Bank of Canada’s dividend payout ratio is currently 45.96%.

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.