Atria Investments Inc Sells 2,408 Shares of Royal Bank of Canada (NYSE:RY)

Atria Investments Inc reduced its holdings in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 57.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,782 shares of the financial services provider’s stock after selling 2,408 shares during the quarter. Atria Investments Inc’s holdings in Royal Bank of Canada were worth $222,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of RY. Mount Yale Investment Advisors LLC grew its position in shares of Royal Bank of Canada by 1.6% during the 2nd quarter. Mount Yale Investment Advisors LLC now owns 5,823 shares of the financial services provider’s stock valued at $619,000 after acquiring an additional 92 shares during the period. Private Advisor Group LLC grew its holdings in Royal Bank of Canada by 1.6% during the third quarter. Private Advisor Group LLC now owns 6,160 shares of the financial services provider’s stock valued at $768,000 after purchasing an additional 95 shares during the period. Shell Asset Management Co. increased its position in Royal Bank of Canada by 3.8% in the first quarter. Shell Asset Management Co. now owns 2,711 shares of the financial services provider’s stock worth $274,000 after buying an additional 100 shares during the last quarter. HB Wealth Management LLC raised its stake in shares of Royal Bank of Canada by 1.9% in the second quarter. HB Wealth Management LLC now owns 5,287 shares of the financial services provider’s stock valued at $562,000 after buying an additional 100 shares during the period. Finally, Leisure Capital Management lifted its position in shares of Royal Bank of Canada by 1.1% during the 3rd quarter. Leisure Capital Management now owns 9,366 shares of the financial services provider’s stock valued at $1,168,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. TD Securities cut Royal Bank of Canada from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. BMO Capital Markets boosted their price target on shares of Royal Bank of Canada from $151.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, August 29th. Finally, Barclays raised shares of Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $142.50.

Royal Bank of Canada Trading Down 0.0 %

Shares of RY opened at $125.08 on Friday. Royal Bank of Canada has a twelve month low of $85.02 and a twelve month high of $126.96. The stock has a market cap of $176.82 billion, a PE ratio of 15.12, a P/E/G ratio of 1.93 and a beta of 0.86. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.12. The business’s 50-day moving average price is $123.39 and its 200-day moving average price is $114.65.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last posted its earnings results on Wednesday, August 28th. The financial services provider reported $2.38 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.23. Royal Bank of Canada had a net margin of 12.28% and a return on equity of 15.17%. The business had revenue of $10.68 billion for the quarter, compared to analyst estimates of $10.40 billion. On average, equities analysts forecast that Royal Bank of Canada will post 8.37 EPS for the current fiscal year.

Royal Bank of Canada Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, October 24th were given a $1.028 dividend. The ex-dividend date was Thursday, October 24th. This represents a $4.11 dividend on an annualized basis and a dividend yield of 3.29%. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 50.67%.

Royal Bank of Canada Company 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.