Wagner Wealth Management LLC Acquires 521 Shares of Royal Bank of Canada (NYSE:RY)

Wagner Wealth Management LLC increased its stake in Royal Bank of Canada (NYSE:RY) (TSE:RY) by 9.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,284 shares of the financial services provider’s stock after purchasing an additional 521 shares during the period. Wagner Wealth Management LLC’s holdings in Royal Bank of Canada were worth $757,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of RY. Capital Performance Advisors LLP acquired a new position in shares of Royal Bank of Canada in the third quarter valued at approximately $25,000. Dunhill Financial LLC bought a new stake in shares of Royal Bank of Canada in the third quarter valued at about $25,000. Larson Financial Group LLC acquired a new position in shares of Royal Bank of Canada during the third quarter worth about $26,000. Whittier Trust Co. of Nevada Inc. raised 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 last quarter. Finally, Grove Bank & Trust bought a new stake in Royal Bank of Canada in the 3rd quarter valued at approximately $28,000. Institutional investors and hedge funds own 45.31% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. BMO Capital Markets cut their target price 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. StockNews.com lowered Royal Bank of Canada from a “hold” rating to a “sell” rating in a research report on Wednesday, January 1st. Barclays raised Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a research report on Thursday, November 21st. Finally, TD Securities cut shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $156.50.

Royal Bank of Canada Stock Down 0.1 %

Royal Bank of Canada stock opened at $119.26 on Monday. 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 $93.97 and a 52 week high of $128.05. The business’s 50-day moving average price is $121.79 and its 200 day moving average price is $120.52. The firm has a market cap of $168.68 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 1.78 and a beta of 0.87.

Royal Bank of Canada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Monday, January 27th will be paid a dividend of $1.0522 per share. This represents a $4.21 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Monday, January 27th. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $1.03. Royal Bank of Canada’s dividend payout ratio is 49.76%.

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.