Pathstone Holdings LLC Has $23.16 Million Stock Holdings in Royal Bank of Canada (NYSE:RY)

Pathstone Holdings LLC trimmed its holdings in Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 11.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 192,280 shares of the financial services provider's stock after selling 24,065 shares during the period. Pathstone Holdings LLC's holdings in Royal Bank of Canada were worth $23,156,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its position in Royal Bank of Canada by 1.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,548,041 shares of the financial services provider's stock worth $427,589,000 after acquiring an additional 64,450 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Royal Bank of Canada in the fourth quarter worth $60,034,000. Wealth High Governance Capital Ltda acquired a new stake in shares of Royal Bank of Canada in the fourth quarter worth $10,243,000. Jones Financial Companies Lllp lifted its stake in shares of Royal Bank of Canada by 1,322.0% in the fourth quarter. Jones Financial Companies Lllp now owns 4,010 shares of the financial services provider's stock worth $483,000 after buying an additional 3,728 shares during the last quarter. Finally, APG Asset Management N.V. lifted its stake in shares of Royal Bank of Canada by 1,600.9% in the fourth quarter. APG Asset Management N.V. now owns 1,427,075 shares of the financial services provider's stock worth $166,084,000 after buying an additional 1,343,174 shares during the last quarter. 45.31% of the stock is owned by institutional investors.

Royal Bank of Canada Stock Performance

Royal Bank of Canada stock traded up $1.02 during mid-day trading on Friday, reaching $125.80. The company had a trading volume of 2,259,694 shares, compared to its average volume of 1,116,194. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.11. Royal Bank of Canada has a 52 week low of $102.44 and a 52 week high of $128.05. The company has a 50 day moving average of $115.99 and a 200-day moving average of $119.34. The firm has a market cap of $177.58 billion, a price-to-earnings ratio of 15.23, a PEG ratio of 1.80 and a beta of 0.89.

Royal Bank of Canada Cuts Dividend

The business also recently declared 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 3.26%. The ex-dividend date is Thursday, April 24th. Royal Bank of Canada's dividend payout ratio (DPR) is presently 46.18%.

Analyst Upgrades and Downgrades

RY has been the subject of a number of analyst reports. 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. 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. StockNews.com upgraded shares of Royal Bank of Canada from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Finally, Scotiabank initiated coverage on shares of Royal Bank of Canada in a research note on Thursday. They issued a "sector outperform" rating for the company. Two 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 a consensus rating of "Moderate Buy" and a consensus target price of $156.50.

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.