Versant Capital Management Inc Has $75,000 Stock Holdings in Royal Bank of Canada (NYSE:RY)

Versant Capital Management Inc lifted its holdings in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 2,995.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 619 shares of the financial services provider’s stock after purchasing an additional 599 shares during the quarter. Versant Capital Management Inc’s holdings in Royal Bank of Canada were worth $75,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of RY. FMR LLC raised its holdings in Royal Bank of Canada by 75.8% during the third quarter. FMR LLC now owns 17,866,021 shares of the financial services provider’s stock valued at $2,229,834,000 after buying an additional 7,702,585 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of Royal Bank of Canada by 165.1% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,896,755 shares of the financial services provider’s stock valued at $361,532,000 after acquiring an additional 1,804,022 shares during the last quarter. International Assets Investment Management LLC bought a new position in shares of Royal Bank of Canada in the 3rd quarter valued at approximately $153,217,000. Geode Capital Management LLC lifted its holdings in Royal Bank of Canada by 9.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,390,914 shares of the financial services provider’s stock worth $805,616,000 after purchasing an additional 541,760 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in Royal Bank of Canada by 18.2% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,336,354 shares of the financial services provider’s stock worth $291,925,000 after purchasing an additional 359,719 shares during the period. Institutional investors own 45.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on RY shares. BMO Capital Markets dropped their price target on shares of Royal Bank of Canada from $195.00 to $193.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. TD Securities lowered shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Barclays upgraded shares of Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a report on Thursday, November 21st. Finally, StockNews.com lowered Royal Bank of Canada from a “hold” rating to a “sell” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $156.50.

Royal Bank of Canada Stock Performance

NYSE RY opened at $120.43 on Friday. The company’s fifty day moving average is $123.16 and its two-hundred day moving average is $118.27. Royal Bank of Canada has a 52-week low of $93.97 and a 52-week high of $128.05. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a market capitalization of $170.25 billion, a price-to-earnings ratio of 14.58, a P/E/G ratio of 1.86 and a beta of 0.86.

Royal Bank of Canada Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Monday, January 27th will be paid a dividend of $1.0522 per share. This represents a $4.21 annualized dividend and a yield of 3.49%. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $1.03. The ex-dividend date is Monday, January 27th. Royal Bank of Canada’s payout ratio is currently 52.91%.

About Royal Bank of Canada

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.