State of Wyoming Has $386,000 Stake in Royal Bank of Canada (NYSE:RY)

State of Wyoming grew its holdings in Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 304.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,201 shares of the financial services provider's stock after acquiring an additional 2,410 shares during the period. State of Wyoming's holdings in Royal Bank of Canada were worth $386,000 as of its most recent SEC filing.

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

Royal Bank of Canada Stock Up 1.3%

RY traded up $1.69 during midday trading on Monday, hitting $128.21. 1,355,532 shares of the company's stock traded hands, compared to its average volume of 1,127,749. The company has a market cap of $181.33 billion, a PE ratio of 15.52, a price-to-earnings-growth ratio of 1.80 and a beta of 0.89. The stock's fifty day simple moving average is $117.54 and its 200-day simple moving average is $119.47. 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 has a one year low of $102.44 and a one year high of $128.73.

Royal Bank of Canada Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Thursday, April 24th were issued a $1.0251 dividend. The ex-dividend date was Thursday, April 24th. This represents a $4.10 annualized dividend and a yield of 3.20%. Royal Bank of Canada's dividend payout ratio (DPR) is currently 46.18%.

Wall Street Analyst Weigh In

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

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.