OMERS ADMINISTRATION Corp Has $133.62 Million Stake in Royal Bank of Canada (NYSE:RY)

OMERS ADMINISTRATION Corp trimmed its position in Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,108,726 shares of the financial services provider's stock after selling 16,059 shares during the period. Royal Bank of Canada makes up approximately 1.2% of OMERS ADMINISTRATION Corp's holdings, making the stock its 27th biggest holding. OMERS ADMINISTRATION Corp owned 0.08% of Royal Bank of Canada worth $133,615,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. WealthTrak Capital Management LLC bought a new stake in Royal Bank of Canada in the 4th quarter valued at $28,000. Roxbury Financial LLC bought a new stake in shares of Royal Bank of Canada in the fourth quarter valued at about $29,000. Optiver Holding B.V. bought a new stake in shares of Royal Bank of Canada in the fourth quarter valued at about $35,000. Kieckhefer Group LLC acquired a new position in shares of Royal Bank of Canada during the fourth quarter worth about $36,000. Finally, Crews Bank & Trust bought a new position in shares of Royal Bank of Canada during the fourth quarter worth about $36,000. Institutional investors own 45.31% of the company's stock.

Royal Bank of Canada Trading Up 0.8%

Royal Bank of Canada stock traded up $1.02 during trading hours on Friday, hitting $125.80. The stock had a trading volume of 2,259,694 shares, compared to its average volume of 1,117,700. The stock has a market cap of $177.58 billion, a price-to-earnings ratio of 15.23, a P/E/G ratio of 1.80 and a beta of 0.89. 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 simple moving average is $115.68 and its 200-day simple moving average is $119.36. Royal Bank of Canada has a one year low of $102.44 and a one year high of $128.05.

Royal Bank of Canada Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be paid a $1.0251 dividend. This represents a $4.10 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Thursday, April 24th. Royal Bank of Canada's dividend payout ratio is currently 46.18%.

Analysts Set New Price Targets

RY has been the topic of several research reports. Scotiabank began coverage on Royal Bank of Canada in a research note on Thursday. They issued a "sector outperform" rating on the stock. StockNews.com raised shares of Royal Bank of Canada from a "sell" rating to a "hold" rating in a research 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 report on Thursday, April 3rd. Finally, CIBC upgraded shares of Royal Bank of Canada from a "neutral" rating to a "sector outperform" rating in a research note on Friday, April 4th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $156.50.

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.