First Command Advisory Services Inc. Purchases Shares of 460 Royal Bank of Canada (NYSE:RY)

First Command Advisory Services Inc. purchased a new stake in Royal Bank of Canada (NYSE:RY) (TSE:RY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 460 shares of the financial services provider’s stock, valued at approximately $55,000.

Other large investors also recently made changes to their positions in the company. FMR LLC boosted its holdings in shares of Royal Bank of Canada by 75.8% in the third quarter. FMR LLC now owns 17,866,021 shares of the financial services provider’s stock valued at $2,229,834,000 after acquiring an additional 7,702,585 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Royal Bank of Canada by 165.1% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,896,755 shares of the financial services provider’s stock valued at $361,532,000 after acquiring an additional 1,804,022 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Royal Bank of Canada by 9.3% in the third quarter. Geode Capital Management LLC now owns 6,390,914 shares of the financial services provider’s stock valued at $805,616,000 after acquiring an additional 541,760 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Royal Bank of Canada by 18.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,336,354 shares of the financial services provider’s stock valued at $291,925,000 after acquiring an additional 359,719 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in shares of Royal Bank of Canada in the third quarter valued at approximately $42,072,000. Institutional investors and hedge funds own 45.31% of the company’s stock.

Royal Bank of Canada Trading Down 3.5 %

Shares of NYSE:RY opened at $115.26 on Friday. The stock has a market capitalization of $163.02 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 1.80 and a beta of 0.87. Royal Bank of Canada has a 1-year low of $95.84 and a 1-year high of $128.05. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.86 and a current ratio of 0.86. The company has a 50 day moving average price of $120.19 and a 200 day moving average price of $121.38.

Royal Bank of Canada Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Monday, January 27th were given a $1.0522 dividend. This represents a $4.21 annualized dividend and a dividend yield of 3.65%. The ex-dividend date of this dividend was 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 49.76%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. BMO Capital Markets decreased 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 report on Thursday, December 5th. StockNews.com cut shares of Royal Bank of Canada from a “hold” rating to a “sell” rating in a report on Wednesday, January 1st. TD Securities cut shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Barclays upgraded 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 issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Royal Bank of Canada presently has an average rating of “Moderate Buy” and a consensus price target of $156.50.

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.