205,568 Shares in Royal Bank of Canada (NYSE:RY) Purchased by Coleford Investment Management Ltd.

Coleford Investment Management Ltd. bought a new position in shares of Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 205,568 shares of the financial services provider's stock, valued at approximately $24,730,000. Royal Bank of Canada makes up approximately 6.5% of Coleford Investment Management Ltd.'s portfolio, making the stock its 6th largest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of RY. Charles Schwab Investment Management Inc. increased its holdings in Royal Bank of Canada by 1.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,548,041 shares of the financial services provider's stock worth $427,589,000 after purchasing an additional 64,450 shares during the period. Raymond James Financial Inc. acquired a new position in Royal Bank of Canada during the 4th quarter worth approximately $60,034,000. Wealth High Governance Capital Ltda purchased a new stake in shares of Royal Bank of Canada in the 4th quarter valued at approximately $10,243,000. Jones Financial Companies Lllp raised its holdings in shares of Royal Bank of Canada by 1,322.0% in the 4th quarter. Jones Financial Companies Lllp now owns 4,010 shares of the financial services provider's stock valued at $483,000 after purchasing an additional 3,728 shares in the last quarter. Finally, APG Asset Management N.V. lifted its position in shares of Royal Bank of Canada by 1,600.9% during the 4th quarter. APG Asset Management N.V. now owns 1,427,075 shares of the financial services provider's stock worth $166,084,000 after purchasing an additional 1,343,174 shares during the last quarter. 45.31% of the stock is currently owned by hedge funds and other institutional investors.

Royal Bank of Canada Price Performance

Shares of NYSE:RY traded up $0.52 during midday trading on Friday, hitting $116.14. 1,090,937 shares of the stock were exchanged, compared to its average volume of 1,105,706. Royal Bank of Canada has a twelve month low of $95.84 and a twelve month high of $128.05. 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 company has a 50 day moving average price of $114.82 and a 200-day moving average price of $119.84. The stock has a market cap of $163.95 billion, a P/E ratio of 14.06, a PEG ratio of 1.80 and a beta of 0.82.

Royal Bank of Canada Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be given a $1.0251 dividend. The ex-dividend date of this dividend is Thursday, April 24th. This represents a $4.10 annualized dividend and a dividend yield of 3.53%. Royal Bank of Canada's dividend payout ratio is presently 46.18%.

Analysts Set New Price Targets

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