Trust Co of the South Acquires 225 Shares of Royal Bank of Canada (NYSE:RY)

Trust Co of the South raised its position in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,043 shares of the financial services provider’s stock after buying an additional 225 shares during the period. Royal Bank of Canada comprises about 0.6% of Trust Co of the South’s investment portfolio, making the stock its 25th biggest holding. Trust Co of the South’s holdings in Royal Bank of Canada were worth $3,018,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in Royal Bank of Canada during the 3rd quarter valued at about $25,000. Dunhill Financial LLC purchased a new position in shares of Royal Bank of Canada during the 3rd quarter valued at approximately $25,000. Larson Financial Group LLC acquired a new stake in shares of Royal Bank of Canada in the third quarter valued at about $26,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Royal Bank of Canada by 110.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 225 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 118 shares during the last quarter. Finally, Grove Bank & Trust acquired a new stake in Royal Bank of Canada during the 3rd quarter worth $28,000. 45.31% of the stock is owned by institutional investors.

Royal Bank of Canada Stock Performance

Shares of NYSE RY traded down $1.00 during trading hours on Thursday, reaching $119.51. The stock had a trading volume of 282,787 shares, compared to its average volume of 1,066,202. Royal Bank of Canada has a twelve month low of $93.97 and a twelve month high of $128.05. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.86 and a quick ratio of 0.86. The business’s fifty day moving average is $123.28 and its two-hundred day moving average is $118.14. The company has a market cap of $168.95 billion, a price-to-earnings ratio of 14.47, a PEG ratio of 1.86 and a beta of 0.86.

Royal Bank of Canada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Monday, January 27th will be paid a $1.0522 dividend. This represents a $4.21 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend is Monday, January 27th. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $1.03. Royal Bank of Canada’s dividend payout ratio is presently 52.91%.

Analysts Set New Price Targets

Several equities analysts have recently commented on RY shares. StockNews.com lowered Royal Bank of Canada from a “hold” rating to a “sell” rating in a research report on Wednesday. BMO Capital Markets lowered their price objective on Royal Bank of Canada from $195.00 to $193.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. TD Securities cut Royal Bank of Canada from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Barclays raised shares of Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a report on Thursday, November 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $156.50.

About Royal Bank of Canada

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.