21,800 Shares in Royal Bank of Canada (NYSE:RY) Bought by Caption Management LLC

Caption Management LLC bought a new stake in Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 21,800 shares of the financial services provider's stock, valued at approximately $2,627,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Roxbury Financial LLC acquired a new stake in shares of Royal Bank of Canada in the fourth quarter worth approximately $29,000. WealthTrak Capital Management LLC acquired a new position in shares of Royal Bank of Canada in the 4th quarter valued at about $28,000. Optiver Holding B.V. purchased a new stake in Royal Bank of Canada during the fourth quarter worth approximately $35,000. Jackson Grant Investment Advisers Inc. purchased a new stake in shares of Royal Bank of Canada in the fourth quarter worth about $36,000. Finally, Kieckhefer Group LLC purchased a new stake in shares of Royal Bank of Canada during the 4th quarter valued at about $36,000. 45.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

RY has been the topic of several recent analyst reports. StockNews.com cut Royal Bank of Canada from a "hold" rating to a "sell" rating in a research note on Thursday, May 1st. CIBC raised shares of Royal Bank of Canada from a "neutral" rating to a "sector outperform" rating in a research report on Friday, April 4th. Finally, Cibc World Mkts raised Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $156.50.

Royal Bank of Canada Price Performance

NYSE RY opened at $120.93 on Tuesday. Royal Bank of Canada has a 12 month low of $100.32 and a 12 month high of $128.05. The firm has a market capitalization of $170.71 billion, a PE ratio of 14.64, a P/E/G ratio of 1.80 and a beta of 0.89. The company's 50 day simple moving average is $114.69 and its 200 day simple moving average is $119.45. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.86 and a quick ratio of 0.86.

Royal Bank of Canada Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be given a dividend of $1.0251 per share. The ex-dividend date is Thursday, April 24th. This represents a $4.10 annualized dividend and a dividend yield of 3.39%. Royal Bank of Canada's dividend payout ratio (DPR) is 46.18%.

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.

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