Public Employees Retirement System of Ohio Increases Holdings in Royal Bank of Canada (NYSE:RY)

Public Employees Retirement System of Ohio grew its position in Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 6.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 359,017 shares of the financial services provider's stock after acquiring an additional 22,290 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Royal Bank of Canada were worth $43,272,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. WealthTrak Capital Management LLC acquired a new stake in shares of Royal Bank of Canada in the fourth quarter valued at $28,000. Roxbury Financial LLC acquired a new position in Royal Bank of Canada in the 4th quarter worth about $29,000. Optiver Holding B.V. acquired a new position in Royal Bank of Canada in the 4th quarter worth about $35,000. Crews Bank & Trust acquired a new position in Royal Bank of Canada in the 4th quarter worth about $36,000. Finally, Jackson Grant Investment Advisers Inc. bought a new stake in shares of Royal Bank of Canada during the 4th quarter worth about $36,000. 45.31% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on RY. CIBC reiterated an "outperform" rating on shares of Royal Bank of Canada in a research report on Tuesday, May 20th. Cibc World Mkts raised Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 3rd. Wall Street Zen raised Royal Bank of Canada from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Finally, Scotiabank initiated coverage on Royal Bank of Canada in a research report on Thursday, May 15th. They issued a "sector outperform" rating on the stock. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $156.50.

Royal Bank of Canada Stock Up 0.1%

RY stock traded up $0.11 during trading on Tuesday, reaching $128.54. 1,246,754 shares of the stock were exchanged, compared to its average volume of 1,128,618. The firm's 50 day moving average is $117.82 and its 200 day moving average is $119.50. Royal Bank of Canada has a twelve month low of $102.44 and a twelve month high of $130.11. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.11. The firm has a market cap of $181.81 billion, a P/E ratio of 15.56, a price-to-earnings-growth ratio of 1.80 and a beta of 0.89.

Royal Bank of Canada Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Shareholders of record on Thursday, April 24th were issued a dividend of $1.0251 per share. This represents a $4.10 annualized dividend and a yield of 3.19%. The ex-dividend date was Thursday, April 24th. Royal Bank of Canada's dividend payout ratio (DPR) is 46.18%.

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.