UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 91,426 Shares of Royal Bank of Canada (NYSE:RY)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in shares of Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,716,771 shares of the financial services provider's stock after selling 91,426 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.12% of Royal Bank of Canada worth $206,888,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of RY. WealthTrak Capital Management LLC purchased a new stake in Royal Bank of Canada in the fourth quarter worth approximately $28,000. Roxbury Financial LLC bought a new stake in shares of Royal Bank of Canada in the 4th quarter worth approximately $29,000. Optiver Holding B.V. purchased a new stake in shares of Royal Bank of Canada in the 4th quarter valued at $35,000. Crews Bank & Trust bought a new position in shares of Royal Bank of Canada during the 4th quarter valued at $36,000. Finally, Jackson Grant Investment Advisers Inc. purchased a new position in Royal Bank of Canada in the 4th quarter worth $36,000. 45.31% of the stock is owned by hedge funds and other institutional investors.

Royal Bank of Canada Trading Up 1.3%

Shares of NYSE:RY traded up $1.69 during midday trading on Friday, hitting $128.21. 1,355,532 shares of the stock traded hands, compared to its average volume of 1,127,749. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.11. The business's 50 day moving average is $117.54 and its two-hundred day moving average is $119.50. The stock has a market capitalization of $181.33 billion, a PE ratio of 15.52, a P/E/G ratio of 1.80 and a beta of 0.89. 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 firm also recently declared a quarterly dividend, which was paid on Friday, May 23rd. Investors of record on Thursday, April 24th were issued a dividend of $1.0251 per share. The ex-dividend date of this dividend was Thursday, April 24th. This represents a $4.10 dividend on an annualized basis and a yield of 3.20%. Royal Bank of Canada's dividend payout ratio is presently 46.18%.

Analysts Set New Price Targets

RY has been the subject of several analyst reports. Scotiabank initiated coverage on shares of Royal Bank of Canada in a research report on Thursday, May 15th. They set a "sector outperform" rating for the company. Cibc World Mkts upgraded Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 3rd. Wall Street Zen upgraded Royal Bank of Canada from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Finally, CIBC reaffirmed an "outperform" rating on shares of Royal Bank of Canada in a research note on Tuesday, May 20th. Two investment 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 data from MarketBeat.com, Royal Bank of Canada has a consensus rating of "Moderate Buy" and an average target price 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.