Royal Bank of Canada (NYSE:RY) Shares Bought by Aviva PLC

Aviva PLC raised its position in Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 14.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 852,311 shares of the financial services provider's stock after acquiring an additional 110,754 shares during the quarter. Aviva PLC owned 0.06% of Royal Bank of Canada worth $102,560,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the company. Dunhill Financial LLC purchased a new position in Royal Bank of Canada in the third quarter valued at about $25,000. WealthTrak Capital Management LLC acquired a new position in shares of Royal Bank of Canada in the 4th quarter valued at approximately $28,000. Roxbury Financial LLC purchased a new position in shares of Royal Bank of Canada during the 4th quarter valued at approximately $29,000. Kieckhefer Group LLC acquired a new stake in shares of Royal Bank of Canada during the fourth quarter worth approximately $36,000. Finally, Crews Bank & Trust bought a new stake in shares of Royal Bank of Canada in the fourth quarter worth $36,000. 45.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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Royal Bank of Canada Stock Performance

Shares of NYSE RY traded down $3.14 during midday trading on Thursday, hitting $110.59. The company's stock had a trading volume of 672,604 shares, compared to its average volume of 1,090,507. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.86 and a current ratio of 0.86. Royal Bank of Canada has a 1-year low of $95.84 and a 1-year high of $128.05. The firm's fifty day moving average price is $115.41 and its 200-day moving average price is $120.30. The firm has a market cap of $156.12 billion, a P/E ratio of 13.39, a P/E/G ratio of 1.80 and a beta of 0.82.

Royal Bank of Canada Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be issued a dividend of $1.0251 per share. This represents a $4.10 annualized dividend and a dividend yield of 3.71%. The ex-dividend date is Thursday, April 24th. Royal Bank of Canada's dividend payout ratio (DPR) is presently 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.