Clarius Group LLC Has $404,000 Stock Holdings in Royal Bank of Canada (NYSE:RY)

Clarius Group LLC lifted its position in Royal Bank of Canada (NYSE:RY) (TSE:RY) by 5.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,354 shares of the financial services provider’s stock after buying an additional 166 shares during the quarter. Clarius Group LLC’s holdings in Royal Bank of Canada were worth $404,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Capital Performance Advisors LLP bought a new position in Royal Bank of Canada in the 3rd quarter worth approximately $25,000. Dunhill Financial LLC acquired a new stake in shares of Royal Bank of Canada in the third quarter worth $25,000. Larson Financial Group LLC bought a new position in Royal Bank of Canada during the third quarter worth $26,000. Whittier Trust Co. of Nevada Inc. raised its stake in Royal Bank of Canada by 110.3% during 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 purchasing 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 $28,000. 45.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on RY. BMO Capital Markets cut 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 report on Thursday, December 5th. Barclays raised 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 report on Wednesday, January 1st. Finally, TD Securities lowered Royal Bank of Canada from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Royal Bank of Canada presently has an average rating of “Moderate Buy” and an average price target of $156.50.

Royal Bank of Canada Trading Up 0.3 %

Shares of RY opened at $120.46 on Monday. The stock has a 50 day simple moving average of $122.59 and a 200-day simple moving average of $119.40. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.11. The stock has a market cap of $170.29 billion, a PE ratio of 14.58, a PEG ratio of 1.77 and a beta of 0.87. Royal Bank of Canada has a 1 year low of $93.97 and a 1 year high of $128.05.

Royal Bank of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Monday, January 27th will be issued a dividend of $1.0522 per share. The ex-dividend date is Monday, January 27th. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $1.03. This represents a $4.21 dividend on an annualized basis and a dividend yield of 3.49%. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 50.85%.

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.