Barclays PLC Has $210,000 Stake in Royal Bank of Canada (NYSE:RY)

Barclays PLC trimmed its holdings in shares of Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 80.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,740 shares of the financial services provider's stock after selling 7,091 shares during the period. Barclays PLC's holdings in Royal Bank of Canada were worth $210,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Savvy Advisors Inc. bought a new stake in Royal Bank of Canada in the fourth quarter worth about $315,000. Seeds Investor LLC bought a new stake in Royal Bank of Canada in the fourth quarter worth about $206,000. Sagespring Wealth Partners LLC bought a new stake in Royal Bank of Canada in the fourth quarter worth about $317,000. Townsquare Capital LLC increased its stake in Royal Bank of Canada by 10.2% in the 4th quarter. Townsquare Capital LLC now owns 22,082 shares of the financial services provider's stock worth $2,661,000 after purchasing an additional 2,052 shares in the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in Royal Bank of Canada by 3.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 248,289 shares of the financial services provider's stock worth $29,919,000 after purchasing an additional 8,350 shares in the last quarter. 45.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on RY shares. Cibc World Mkts raised Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 3rd. CIBC raised Royal Bank of Canada from a "neutral" rating to a "sector outperform" rating in a research note on Friday, April 4th. Scotiabank started coverage on Royal Bank of Canada in a research note on Thursday. They issued a "sector outperform" rating on the stock. Finally, StockNews.com raised Royal Bank of Canada from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Royal Bank of Canada has a consensus rating of "Moderate Buy" and an average price target of $156.50.

Royal Bank of Canada Stock Up 1.8%

NYSE:RY traded up $2.18 on Thursday, hitting $124.71. 1,727,526 shares of the company's stock traded hands, compared to its average volume of 1,111,729. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.11. Royal Bank of Canada has a 1 year low of $102.44 and a 1 year high of $128.05. The firm has a 50-day moving average price of $115.45 and a 200-day moving average price of $119.35. The company has a market cap of $176.05 billion, a PE ratio of 15.10, a price-to-earnings-growth ratio of 1.80 and a beta of 0.89.

Royal Bank of Canada Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, April 24th will be paid a dividend of $1.0251 per share. The ex-dividend date of this dividend is Thursday, April 24th. This represents a $4.10 annualized dividend and a yield of 3.29%. Royal Bank of Canada's dividend payout ratio (DPR) is presently 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.