Roman Butler Fullerton & Co. Sells 135 Shares of Royal Bank of Canada (NYSE:RY)

Roman Butler Fullerton & Co. reduced its stake in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 4.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,224 shares of the financial services provider’s stock after selling 135 shares during the period. Roman Butler Fullerton & Co.’s holdings in Royal Bank of Canada were worth $395,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Creative Planning grew its position in shares of Royal Bank of Canada by 6.4% in the third quarter. Creative Planning now owns 211,411 shares of the financial services provider’s stock valued at $26,369,000 after purchasing an additional 12,693 shares during the last quarter. Good Life Advisors LLC grew its position in shares of Royal Bank of Canada by 7.8% in the third quarter. Good Life Advisors LLC now owns 2,140 shares of the financial services provider’s stock valued at $267,000 after purchasing an additional 154 shares during the last quarter. Bleakley Financial Group LLC grew its position in shares of Royal Bank of Canada by 4.2% in the third quarter. Bleakley Financial Group LLC now owns 6,245 shares of the financial services provider’s stock valued at $779,000 after purchasing an additional 254 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of Royal Bank of Canada by 2.4% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,056 shares of the financial services provider’s stock valued at $2,127,000 after purchasing an additional 393 shares during the last quarter. Finally, KMG Fiduciary Partners LLC grew its position in shares of Royal Bank of Canada by 1.7% in the third quarter. KMG Fiduciary Partners LLC now owns 15,839 shares of the financial services provider’s stock valued at $1,976,000 after purchasing an additional 261 shares during the last quarter. 45.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on RY shares. TD Securities downgraded Royal Bank of Canada from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. BMO Capital Markets decreased their target price on Royal Bank of Canada from $195.00 to $193.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Barclays raised Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a research report on Thursday, November 21st. Finally, StockNews.com downgraded Royal Bank of Canada from a “hold” rating to a “sell” rating in a research report on Wednesday, January 1st. One analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Royal Bank of Canada has an average rating of “Moderate Buy” and a consensus price target of $156.50.

Royal Bank of Canada Trading Down 0.2 %

RY stock opened at $119.04 on Friday. Royal Bank of Canada has a 1-year low of $95.84 and a 1-year high of $128.05. The firm has a market cap of $168.37 billion, a P/E ratio of 14.41, a P/E/G ratio of 1.78 and a beta of 0.87. The business’s 50 day moving average is $121.06 and its 200-day moving average is $120.74. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Monday, January 27th will be paid a $1.0522 dividend. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $1.03. This represents a $4.21 annualized dividend and a dividend yield of 3.54%. The ex-dividend date of this dividend is Monday, January 27th. Royal Bank of Canada’s dividend payout ratio is currently 49.76%.

Royal Bank of Canada Company 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.