APG Asset Management N.V. Has $166.08 Million Stock Holdings in Royal Bank of Canada (NYSE:RY)

APG Asset Management N.V. lifted its holdings in shares of Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 1,600.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,427,075 shares of the financial services provider's stock after purchasing an additional 1,343,174 shares during the period. APG Asset Management N.V. owned 0.10% of Royal Bank of Canada worth $166,084,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of RY. Dunhill Financial LLC acquired a new position in Royal Bank of Canada during the 3rd quarter worth about $25,000. Roxbury Financial LLC acquired a new position in shares of Royal Bank of Canada in the fourth quarter worth approximately $29,000. WealthTrak Capital Management LLC acquired a new position in shares of Royal Bank of Canada in the fourth quarter worth approximately $28,000. Jackson Grant Investment Advisers Inc. bought a new stake in Royal Bank of Canada in the fourth quarter valued at approximately $36,000. Finally, Kieckhefer Group LLC acquired a new stake in Royal Bank of Canada during the 4th quarter valued at approximately $36,000. Institutional investors own 45.31% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. CIBC raised shares of Royal Bank of Canada from a "neutral" rating to a "sector outperform" rating in a research note on Friday, April 4th. StockNews.com raised shares of Royal Bank of Canada from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Cibc World Mkts raised Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 3rd. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Royal Bank of Canada currently has an average rating of "Buy" and a consensus price target of $156.50.

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Royal Bank of Canada Stock Up 3.0 %

NYSE:RY traded up $3.31 during trading hours on Friday, reaching $113.26. The company had a trading volume of 1,186,653 shares, compared to its average volume of 1,094,252. Royal Bank of Canada has a twelve month low of $95.84 and a twelve month high of $128.05. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.11. The firm has a market cap of $159.89 billion, a price-to-earnings ratio of 13.71, a P/E/G ratio of 1.80 and a beta of 0.82. The business's 50-day simple moving average is $115.13 and its two-hundred day simple moving average is $120.13.

Royal Bank of Canada Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 24th will be paid a dividend of $1.0251 per share. This represents a $4.10 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Thursday, April 24th. Royal Bank of Canada's dividend payout ratio (DPR) is currently 45.96%.

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.