Deutsche Bank AG Has $198.94 Million Holdings in Royal Bank of Canada (NYSE:RY)

Deutsche Bank AG lifted its holdings in shares of Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 10.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,650,842 shares of the financial services provider's stock after buying an additional 157,031 shares during the quarter. Deutsche Bank AG owned about 0.12% of Royal Bank of Canada worth $198,943,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of RY. Barclays PLC raised its position in Royal Bank of Canada by 3.1% during the third quarter. Barclays PLC now owns 8,831 shares of the financial services provider's stock worth $1,101,000 after acquiring an additional 268 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Royal Bank of Canada by 0.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 31,103 shares of the financial services provider's stock worth $3,879,000 after purchasing an additional 254 shares during the period. Franklin Street Advisors Inc. NC boosted its stake in shares of Royal Bank of Canada by 13.0% in the 4th quarter. Franklin Street Advisors Inc. NC now owns 16,030 shares of the financial services provider's stock valued at $1,932,000 after purchasing an additional 1,850 shares in the last quarter. Aprio Wealth Management LLC boosted its stake in shares of Royal Bank of Canada by 10.9% in the 4th quarter. Aprio Wealth Management LLC now owns 9,345 shares of the financial services provider's stock valued at $1,126,000 after purchasing an additional 915 shares in the last quarter. Finally, Kieckhefer Group LLC bought a new position in Royal Bank of Canada in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 45.31% of the company's stock.

Analyst Upgrades and Downgrades

RY has been the subject of several recent analyst reports. StockNews.com raised shares of Royal Bank of Canada from a "sell" rating to a "hold" rating in a research report on Friday. Cibc World Mkts upgraded Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 3rd. Finally, CIBC upgraded Royal Bank of Canada from a "neutral" rating to a "sector outperform" rating in a research note on Friday, April 4th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $156.50.

Royal Bank of Canada Trading Up 0.4%

NYSE RY traded up $0.45 on Monday, reaching $120.73. The stock had a trading volume of 2,322,729 shares, compared to its average volume of 1,103,857. 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 stock has a fifty day moving average price of $115.15 and a two-hundred day moving average price of $119.31. Royal Bank of Canada has a 12-month low of $102.44 and a 12-month high of $128.05. The firm has a market capitalization of $170.43 billion, a price-to-earnings ratio of 14.62, a P/E/G ratio of 1.80 and a beta of 0.89.

Royal Bank of Canada Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, April 24th will be given a dividend of $1.0251 per share. The ex-dividend date is Thursday, April 24th. This represents a $4.10 annualized dividend and a yield of 3.40%. Royal Bank of Canada's payout ratio 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.