DekaBank Deutsche Girozentrale Reduces Position in Royal Bank of Canada (NYSE:RY)

DekaBank Deutsche Girozentrale lowered its stake in Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 3.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 848,699 shares of the financial services provider's stock after selling 33,364 shares during the quarter. DekaBank Deutsche Girozentrale owned approximately 0.06% of Royal Bank of Canada worth $85,543,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in RY. Prime Capital Investment Advisors LLC bought a new position in Royal Bank of Canada in the 4th quarter valued at approximately $1,313,000. International Assets Investment Management LLC bought a new position in Royal Bank of Canada in the 4th quarter valued at approximately $1,220,441,000. Galibier Capital Management Ltd. raised its holdings in Royal Bank of Canada by 8,119.3% in the 4th quarter. Galibier Capital Management Ltd. now owns 321,376 shares of the financial services provider's stock valued at $32,659,000 after buying an additional 317,466 shares during the last quarter. Addenda Capital Inc. raised its holdings in Royal Bank of Canada by 2.1% in the 4th quarter. Addenda Capital Inc. now owns 836,019 shares of the financial services provider's stock valued at $84,547,000 after buying an additional 16,964 shares during the last quarter. Finally, TIAA Trust National Association raised its holdings in Royal Bank of Canada by 4.3% in the 4th quarter. TIAA Trust National Association now owns 13,035 shares of the financial services provider's stock valued at $1,318,000 after buying an additional 541 shares during the last quarter. Institutional investors own 45.31% of the company's stock.

Royal Bank of Canada Stock Up 1.3 %

NYSE RY traded up $1.36 during mid-day trading on Friday, hitting $102.34. The company's stock had a trading volume of 743,631 shares, compared to its average volume of 1,112,451. The company's 50 day simple moving average is $98.66 and its 200 day simple moving average is $93.50. Royal Bank of Canada has a twelve month low of $77.90 and a twelve month high of $102.54. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $144.78 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 1.73 and a beta of 0.86.

Royal Bank of Canada (NYSE:RY - Get Free Report) TSE: RY last posted its quarterly earnings results on Wednesday, February 28th. The financial services provider reported $2.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.06 by $0.05. Royal Bank of Canada had a net margin of 12.43% and a return on equity of 14.74%. The business had revenue of $9.98 billion during the quarter, compared to the consensus estimate of $10.10 billion. Analysts anticipate that Royal Bank of Canada will post 8.5 earnings per share for the current year.

Royal Bank of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 25th will be paid a dividend of $1.0207 per share. The ex-dividend date is Wednesday, April 24th. This is a boost from Royal Bank of Canada's previous quarterly dividend of $1.02. This represents a $4.08 annualized dividend and a yield of 3.99%. Royal Bank of Canada's dividend payout ratio (DPR) is 37.66%.

Analysts Set New Price Targets

A number of analysts have weighed in on RY shares. Jefferies Financial Group began coverage on shares of Royal Bank of Canada in a research report on Thursday, February 22nd. They set a "hold" rating for the company. Bank of America raised shares of Royal Bank of Canada from a "neutral" rating to a "buy" rating in a research report on Monday, December 18th. StockNews.com downgraded shares of Royal Bank of Canada from a "hold" rating to a "sell" rating in a research report on Tuesday, February 6th. BMO Capital Markets raised shares of Royal Bank of Canada from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $140.00 to $150.00 in a research report on Friday. Finally, Barclays began coverage on shares of Royal Bank of Canada in a research report on Wednesday, March 20th. They set an "equal weight" rating for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $137.67.

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.