Atlas Legacy Advisors LLC Makes New $423,000 Investment in Royal Bank of Canada (NYSE:RY)

Atlas Legacy Advisors LLC bought a new position in shares of Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,513 shares of the financial services provider's stock, valued at approximately $423,000.

Several other large investors have also added to or reduced their stakes in RY. Raymond James & Associates boosted its holdings in Royal Bank of Canada by 1.0% in the third quarter. Raymond James & Associates now owns 344,553 shares of the financial services provider's stock worth $42,976,000 after acquiring an additional 3,335 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its holdings in Royal Bank of Canada by 110.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 225 shares of the financial services provider's stock worth $28,000 after acquiring an additional 118 shares in the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Royal Bank of Canada by 2.8% in the third quarter. Sequoia Financial Advisors LLC now owns 14,301 shares of the financial services provider's stock worth $1,784,000 after acquiring an additional 385 shares in the last quarter. Eastern Bank bought a new position in Royal Bank of Canada in the third quarter worth approximately $59,000. Finally, Waldron Private Wealth LLC bought a new position in Royal Bank of Canada in the third quarter worth approximately $217,000. Institutional investors and hedge funds own 45.31% of the company's stock.

Royal Bank of Canada Stock Performance

Shares of RY traded down $0.46 on Friday, reaching $119.20. 667,503 shares of the company's stock traded hands, compared to its average volume of 1,213,187. 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 $168.60 billion, a PE ratio of 14.42, a PEG ratio of 1.81 and a beta of 0.87. The stock's 50 day simple moving average is $120.61 and its two-hundred day simple moving average is $121.01. Royal Bank of Canada has a 52-week low of $95.84 and a 52-week high of $128.05.

Royal Bank of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Monday, January 27th will be given a dividend of $1.0522 per share. This represents a $4.21 dividend on an annualized basis and a dividend yield of 3.53%. This is an increase from Royal Bank of Canada's previous quarterly dividend of $1.03. The ex-dividend date of this dividend is Monday, January 27th. Royal Bank of Canada's dividend payout ratio (DPR) is presently 49.76%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on RY shares. BMO Capital Markets dropped their target price on Royal Bank of Canada from $195.00 to $193.00 and set an "outperform" rating on the stock in a report on Thursday, December 5th. StockNews.com lowered Royal Bank of Canada from a "hold" rating to a "sell" rating in a report on Wednesday, January 1st. TD Securities lowered Royal Bank of Canada from a "buy" rating to a "hold" rating in a report on Friday, November 15th. Finally, Barclays upgraded Royal Bank of Canada from an "equal weight" rating to an "overweight" rating in a report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Royal Bank of Canada presently has a consensus rating of "Moderate Buy" and a consensus target price of $156.50.

Royal Bank of Canada 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.