Royal Bank of Canada (NYSE:RY) Shares Bought by Barclays PLC

Barclays PLC raised its stake in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 3.1% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 8,831 shares of the financial services provider’s stock after buying an additional 268 shares during the period. Barclays PLC’s holdings in Royal Bank of Canada were worth $1,101,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new position in Royal Bank of Canada during the third quarter valued at approximately $25,000. Dunhill Financial LLC purchased a new position in shares of Royal Bank of Canada during the 3rd quarter valued at approximately $25,000. Larson Financial Group LLC acquired a new position in shares of Royal Bank of Canada in the 3rd quarter valued at $26,000. Grove Bank & Trust purchased a new stake in Royal Bank of Canada during the third quarter worth $28,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in Royal Bank of Canada by 110.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 225 shares of the financial services provider’s stock worth $28,000 after buying an additional 118 shares in the last quarter. Institutional investors and hedge funds own 45.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on RY. StockNews.com downgraded shares of Royal Bank of Canada from a “hold” rating to a “sell” rating in a research report on Wednesday, January 1st. BMO Capital Markets dropped their price objective on Royal Bank of Canada from $195.00 to $193.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Barclays upgraded Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a research report on Thursday, November 21st. Finally, TD Securities cut shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Royal Bank of Canada presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.50.

Royal Bank of Canada Stock Performance

NYSE RY opened at $118.72 on Tuesday. 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 stock’s 50 day simple moving average is $122.91 and its 200-day simple moving average is $119.12. The company has a market cap of $167.83 billion, a PE ratio of 14.37, a price-to-earnings-growth ratio of 1.86 and a beta of 0.87. Royal Bank of Canada has a 1-year low of $93.97 and a 1-year high of $128.05.

Royal Bank of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Monday, January 27th will be issued a dividend of $1.0522 per share. The ex-dividend date is Monday, January 27th. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $1.03. This represents a $4.21 dividend on an annualized basis and a dividend yield of 3.55%. Royal Bank of Canada’s dividend payout ratio is currently 49.76%.

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.