Janus Henderson Group PLC Sells 15,100 Shares of Royal Bank of Canada (NYSE:RY)

Janus Henderson Group PLC lessened its holdings in shares of Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 10.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,480 shares of the financial services provider's stock after selling 15,100 shares during the quarter. Janus Henderson Group PLC's holdings in Royal Bank of Canada were worth $16,104,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in RY. Ruggaard & Associates LLC grew its position in Royal Bank of Canada by 1.8% during the fourth quarter. Ruggaard & Associates LLC now owns 4,685 shares of the financial services provider's stock valued at $565,000 after purchasing an additional 85 shares in the last quarter. Financial Management Professionals Inc. boosted its stake in shares of Royal Bank of Canada by 26.8% during the 4th quarter. Financial Management Professionals Inc. now owns 426 shares of the financial services provider's stock valued at $51,000 after buying an additional 90 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Royal Bank of Canada by 3.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,860 shares of the financial services provider's stock valued at $345,000 after acquiring an additional 90 shares in the last quarter. Ballentine Partners LLC increased its stake in shares of Royal Bank of Canada by 2.2% in the fourth quarter. Ballentine Partners LLC now owns 4,308 shares of the financial services provider's stock worth $519,000 after acquiring an additional 94 shares during the last quarter. Finally, Richardson Financial Services Inc. raised its holdings in shares of Royal Bank of Canada by 45.7% during the fourth quarter. Richardson Financial Services Inc. now owns 306 shares of the financial services provider's stock worth $37,000 after acquiring an additional 96 shares in the last quarter. Institutional investors and hedge funds own 45.31% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on RY. StockNews.com upgraded Royal Bank of Canada from a "sell" rating to a "hold" rating in a report on Friday, May 9th. Cibc World Mkts upgraded shares of Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 3rd. Scotiabank started coverage on shares of Royal Bank of Canada in a research note on Thursday. They issued a "sector outperform" rating for the company. Finally, CIBC raised shares of Royal Bank of Canada from a "neutral" rating to a "sector outperform" rating in a research report on Friday, April 4th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Royal Bank of Canada has an average rating of "Moderate Buy" and a consensus price target of $156.50.

Royal Bank of Canada Stock Performance

Shares of NYSE:RY traded up $1.25 during midday trading on Monday, hitting $127.07. The company's stock had a trading volume of 940,070 shares, compared to its average volume of 1,115,489. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.86 and a current ratio of 0.86. The stock's 50 day simple moving average is $115.99 and its 200 day simple moving average is $119.33. The stock has a market capitalization of $179.73 billion, a price-to-earnings ratio of 15.38, a PEG ratio of 1.80 and a beta of 0.89. Royal Bank of Canada has a fifty-two week low of $102.44 and a fifty-two week high of $128.05.

Royal Bank of Canada Cuts Dividend

The firm also recently announced 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 3.23%. The ex-dividend date of this dividend is Thursday, April 24th. Royal Bank of Canada's dividend payout ratio (DPR) is currently 46.18%.

Royal Bank of Canada 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.