Donaldson Capital Management LLC Decreases Position in Royal Bank of Canada (NYSE:RY)

Donaldson Capital Management LLC decreased its position in shares of Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 33.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 19,258 shares of the financial services provider's stock after selling 9,497 shares during the quarter. Donaldson Capital Management LLC's holdings in Royal Bank of Canada were worth $1,948,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in RY. Triasima Portfolio Management inc. boosted its stake in Royal Bank of Canada by 5.5% in the 4th quarter. Triasima Portfolio Management inc. now owns 984,891 shares of the financial services provider's stock worth $99,785,000 after purchasing an additional 50,995 shares during the period. Assenagon Asset Management S.A. boosted its stake in Royal Bank of Canada by 163.0% in the 4th quarter. Assenagon Asset Management S.A. now owns 160,595 shares of the financial services provider's stock worth $16,271,000 after purchasing an additional 99,523 shares during the period. Addenda Capital Inc. boosted its stake 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 worth $84,547,000 after purchasing an additional 16,964 shares during the period. Galibier Capital Management Ltd. boosted its stake 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 worth $32,659,000 after purchasing an additional 317,466 shares during the period. Finally, Pinnacle Associates Ltd. boosted its stake in Royal Bank of Canada by 66.6% in the 4th quarter. Pinnacle Associates Ltd. now owns 60,645 shares of the financial services provider's stock worth $6,133,000 after purchasing an additional 24,252 shares during the period. Institutional investors own 45.31% of the company's stock.

Royal Bank of Canada Trading Down 0.6 %

Shares of RY stock traded down $0.61 during trading hours on Monday, reaching $97.92. The company's stock had a trading volume of 583,571 shares, compared to its average volume of 1,201,022. The stock has a market capitalization of $138.53 billion, a P/E ratio of 12.33, a P/E/G ratio of 1.69 and a beta of 0.86. Royal Bank of Canada has a one year low of $77.90 and a one year high of $103.88. The firm's fifty day simple moving average is $98.97 and its 200 day simple moving average is $94.02. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.11.

Royal Bank of Canada (NYSE:RY - Get Free Report) TSE: RY last issued its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $2.11 earnings per share for the quarter, topping analysts' consensus estimates of $2.06 by $0.05. The firm had revenue of $9.98 billion for the quarter, compared to analyst estimates of $10.10 billion. Royal Bank of Canada had a return on equity of 14.74% and a net margin of 12.43%. Equities research analysts expect that Royal Bank of Canada will post 8.5 EPS for the current year.

Royal Bank of Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, April 25th will be given a $1.0207 dividend. This is a positive change from Royal Bank of Canada's previous quarterly dividend of $1.02. This represents a $4.08 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend is Wednesday, April 24th. Royal Bank of Canada's dividend payout ratio (DPR) is currently 37.66%.

Analyst Ratings Changes

Several research analysts have commented on RY shares. BMO Capital Markets upgraded Royal Bank of Canada from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $140.00 to $150.00 in a research note on Friday, April 5th. StockNews.com cut Royal Bank of Canada from a "hold" rating to a "sell" rating in a report on Tuesday, February 6th. Barclays began coverage on Royal Bank of Canada in a report on Wednesday, March 20th. They issued an "equal weight" rating on the stock. Jefferies Financial Group began coverage on Royal Bank of Canada in a report on Thursday, February 22nd. They issued a "hold" rating on the stock. Finally, Bank of America raised Royal Bank of Canada from a "neutral" rating to a "buy" rating in a report on Monday, December 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, Royal Bank of Canada has an average rating of "Hold" and an average price target of $137.67.

Royal Bank of Canada Company 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.