Royal Bank Of Canada (RY) Stake Cut by Commonwealth Bank of Australia

Commonwealth Bank of Australia cut its stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 1.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 193,180 shares of the company’s stock after selling 3,585 shares during the period. Commonwealth Bank of Australia’s holdings in Royal Bank Of Canada were worth $11,960,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Cypress Wealth Advisors LLC raised its position in Royal Bank Of Canada by 0.4% in the second quarter. Cypress Wealth Advisors LLC now owns 5,096 shares of the company’s stock worth $323,000 after buying an additional 22 shares during the last quarter. Checchi Capital Advisers LLC raised its position in Royal Bank Of Canada by 1.0% in the third quarter. Checchi Capital Advisers LLC now owns 5,190 shares of the company’s stock worth $322,000 after buying an additional 51 shares during the last quarter. Heathbridge Capital Management Ltd. raised its position in Royal Bank Of Canada by 1.0% in the third quarter. Heathbridge Capital Management Ltd. now owns 10,905 shares of the company’s stock worth $676,000 after buying an additional 107 shares during the last quarter. Logan Capital Management Inc. raised its position in Royal Bank Of Canada by 0.8% in the third quarter. Logan Capital Management Inc. now owns 13,012 shares of the company’s stock worth $806,000 after buying an additional 107 shares during the last quarter. Finally, Stifel Financial Corp raised its position in Royal Bank Of Canada by 0.6% in the second quarter. Stifel Financial Corp now owns 28,603 shares of the company’s stock worth $1,690,000 after buying an additional 171 shares during the last quarter. 46.18% of the stock is owned by institutional investors.

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

Royal Bank Of Canada (NYSE:RY) opened at 73.98 on Friday. The stock’s 50 day moving average price is $70.81 and its 200 day moving average price is $65.09. The stock has a market capitalization of $109.88 billion, a PE ratio of 14.22 and a beta of 1.19. Royal Bank Of Canada has a 1-year low of $47.40 and a 1-year high of $74.25.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 24th. Investors of record on Thursday, January 26th will be paid a dividend of $0.6152 per share. This represents a $2.46 dividend on an annualized basis and a yield of 3.33%. The ex-dividend date of this dividend is Tuesday, January 24th. Royal Bank Of Canada’s payout ratio is presently 49.90%.

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A number of analysts have recently issued reports on RY shares. Barclays PLC reiterated a “sell” rating on shares of Royal Bank Of Canada in a research report on Thursday, October 27th. Zacks Investment Research upgraded Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research report on Thursday, January 5th. BMO Capital Markets restated a “hold” rating on shares of Royal Bank Of Canada in a research report on Wednesday, November 30th. TD Securities upgraded Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research report on Monday, November 21st. Finally, Credit Suisse Group restated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Monday, November 14th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average 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.

5 Day Chart for NYSE:RY

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