Dimensional Fund Advisors LP Has $261.79 Million Holdings in Royal Bank of Canada (NYSE:RY)

Dimensional Fund Advisors LP lifted its position in shares of Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 0.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,172,381 shares of the financial services provider's stock after buying an additional 5,799 shares during the quarter. Dimensional Fund Advisors LP owned about 0.15% of Royal Bank of Canada worth $261,794,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Barclays PLC grew its holdings in shares of Royal Bank of Canada by 3.1% during the 3rd quarter. Barclays PLC now owns 8,831 shares of the financial services provider's stock worth $1,101,000 after purchasing an additional 268 shares in the last quarter. Te Ahumairangi Investment Management Ltd grew its stake in Royal Bank of Canada by 1.4% during the third quarter. Te Ahumairangi Investment Management Ltd now owns 35,540 shares of the financial services provider's stock worth $4,416,000 after buying an additional 500 shares in the last quarter. Fulcrum Equity Management acquired a new stake in Royal Bank of Canada during the third quarter worth about $216,000. World Investment Advisors LLC increased its holdings in Royal Bank of Canada by 74.1% in the 3rd quarter. World Investment Advisors LLC now owns 5,521 shares of the financial services provider's stock valued at $689,000 after buying an additional 2,350 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Royal Bank of Canada in the 3rd quarter valued at approximately $167,000. Institutional investors own 45.31% of the company's stock.

Royal Bank of Canada Price Performance

Shares of NYSE RY traded down $0.12 during mid-day trading on Thursday, hitting $117.67. 973,595 shares of the stock traded hands, compared to its average volume of 1,099,184. The company has a market cap of $166.11 billion, a PE ratio of 14.25, a price-to-earnings-growth ratio of 1.80 and a beta of 0.82. Royal Bank of Canada has a twelve month low of $95.84 and a twelve month high of $128.05. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.86 and a quick ratio of 0.86. The firm has a 50 day simple moving average of $114.67 and a two-hundred day simple moving average of $119.72.

Royal Bank of Canada Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders 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 dividend yield of 3.48%. The ex-dividend date of this dividend is Thursday, April 24th. Royal Bank of Canada's payout ratio is 46.18%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on RY shares. CIBC upgraded shares of Royal Bank of Canada from a "neutral" rating to a "sector outperform" rating in a research report on Friday, April 4th. StockNews.com upgraded Royal Bank of Canada from a "sell" rating to a "hold" rating in a research note 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 note on Thursday, April 3rd. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $156.50.

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.