BW Gestao de Investimentos Ltda. Buys Shares of 51,800 Royal Bank of Canada (NYSE:RY)

BW Gestao de Investimentos Ltda. purchased a new position in Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 51,800 shares of the financial services provider's stock, valued at approximately $6,242,000.

Other large investors have also recently made changes to their positions in the company. Barclays PLC boosted its holdings in Royal Bank of Canada by 3.1% in the 3rd quarter. Barclays PLC now owns 8,831 shares of the financial services provider's stock valued at $1,101,000 after purchasing an additional 268 shares during the period. World Investment Advisors LLC boosted its stake in Royal Bank of Canada by 74.1% during the third quarter. World Investment Advisors LLC now owns 5,521 shares of the financial services provider's stock valued at $689,000 after buying an additional 2,350 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in Royal Bank of Canada during the third quarter worth about $167,000. Synovus Financial Corp bought a new position in Royal Bank of Canada in the 3rd quarter worth about $254,000. Finally, Versant Capital Management Inc raised its holdings in shares of Royal Bank of Canada by 2,995.0% in the 4th quarter. Versant Capital Management Inc now owns 619 shares of the financial services provider's stock valued at $75,000 after acquiring an additional 599 shares in the last quarter. 45.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. CIBC raised Royal Bank of Canada from a "neutral" rating to a "sector outperform" rating in a report on Friday, April 4th. StockNews.com lowered shares of Royal Bank of Canada from a "hold" rating to a "sell" rating in a report on Thursday. Finally, Cibc World Mkts upgraded shares of Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $156.50.

Royal Bank of Canada Stock Performance

NYSE:RY opened at $121.23 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.86 and a current ratio of 0.86. Royal Bank of Canada has a fifty-two week low of $100.32 and a fifty-two week high of $128.05. The firm has a market cap of $171.14 billion, a PE ratio of 14.68, a price-to-earnings-growth ratio of 1.80 and a beta of 0.82. The business has a 50 day moving average price of $114.67 and a 200-day moving average price of $119.54.

Royal Bank of Canada Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, April 24th will be issued a $1.0251 dividend. This represents a $4.10 dividend on an annualized basis and a yield of 3.38%. The ex-dividend date of this dividend is Thursday, April 24th. 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.

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