Shilanski & Associates Inc. Sells 185 Shares of Royal Bank of Canada (NYSE:RY)

Shilanski & Associates Inc. lowered its position in Royal Bank of Canada (NYSE:RY) (TSE:RY) by 0.6% in the 4th quarter, Holdings Channel reports. The firm owned 31,888 shares of the financial services provider’s stock after selling 185 shares during the quarter. Royal Bank of Canada accounts for approximately 1.2% of Shilanski & Associates Inc.’s portfolio, making the stock its 29th biggest position. Shilanski & Associates Inc.’s holdings in Royal Bank of Canada were worth $3,843,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Capital Performance Advisors LLP bought a new stake in shares of Royal Bank of Canada during the 3rd quarter worth approximately $25,000. Dunhill Financial LLC purchased a new stake in Royal Bank of Canada in the third quarter worth $25,000. Larson Financial Group LLC purchased a new position in Royal Bank of Canada in the 3rd quarter worth about $26,000. Grove Bank & Trust bought a new stake in Royal Bank of Canada during the 3rd quarter valued at about $28,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in Royal Bank of Canada by 110.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 225 shares of the financial services provider’s stock valued at $28,000 after buying an additional 118 shares during the period. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Analyst Upgrades and Downgrades

RY has been the subject of several research analyst reports. TD Securities downgraded shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Barclays upgraded Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a report on Thursday, November 21st. StockNews.com lowered Royal Bank of Canada from a “hold” rating to a “sell” rating in a research note on Wednesday, January 1st. Finally, BMO Capital Markets lowered their price objective on shares of Royal Bank of Canada from $195.00 to $193.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $156.50.

Royal Bank of Canada Trading Up 0.9 %

Shares of NYSE:RY opened at $122.10 on Friday. The company has a market capitalization of $172.69 billion, a PE ratio of 14.78, a P/E/G ratio of 1.81 and a beta of 0.87. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.11. Royal Bank of Canada has a 12-month low of $93.97 and a 12-month high of $128.05. The business’s fifty day simple moving average is $122.45 and its 200-day simple moving average is $119.66.

Royal Bank of Canada Increases Dividend

The business 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 3.45%. The ex-dividend date of this dividend is Monday, January 27th. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $1.03. Royal Bank of Canada’s payout ratio is 50.85%.

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.