Vise Technologies Inc. Raises Stock Position in Royal Bank of Canada (NYSE:RY)

Vise Technologies Inc. boosted its position in Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 43.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,142 shares of the financial services provider's stock after purchasing an additional 4,306 shares during the period. Vise Technologies Inc.'s holdings in Royal Bank of Canada were worth $1,704,000 as of its most recent SEC filing.

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

Royal Bank of Canada Price Performance

RY traded up $0.11 during trading hours on Tuesday, hitting $128.54. The company's stock had a trading volume of 1,246,754 shares, compared to its average volume of 1,128,618. The stock has a market cap of $181.81 billion, a price-to-earnings ratio of 15.56, a P/E/G ratio of 1.80 and a beta of 0.89. The business's 50-day moving average price is $117.82 and its 200-day moving average price is $119.50. 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 12 month low of $102.44 and a 12 month high of $130.11.

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 given a dividend of $1.0251 per share. This represents a $4.10 dividend on an annualized basis 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%.

Analysts Set New Price Targets

RY has been the subject of a number of analyst reports. Scotiabank started coverage on shares of Royal Bank of Canada in a research note on Thursday, May 15th. They issued a "sector outperform" rating for the company. CIBC reiterated an "outperform" rating on shares of Royal Bank of Canada in a research note on Tuesday, May 20th. 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 World Mkts upgraded Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 3rd. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Royal Bank of Canada has an average 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.