Diversified Trust Co Sells 29,112 Shares of Royal Bank of Canada (NYSE:RY)

Diversified Trust Co decreased its position in Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 38.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 47,387 shares of the financial services provider's stock after selling 29,112 shares during the period. Diversified Trust Co's holdings in Royal Bank of Canada were worth $5,711,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new stake in shares of Royal Bank of Canada in the 3rd quarter valued at approximately $25,000. Dunhill Financial LLC acquired a new position in shares of Royal Bank of Canada during the 3rd quarter worth $25,000. Larson Financial Group LLC bought a new position in shares of Royal Bank of Canada during the 3rd quarter valued at $26,000. Grove Bank & Trust acquired a new stake in shares of Royal Bank of Canada in the 3rd quarter valued at $28,000. Finally, 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 purchasing an additional 118 shares in the last quarter. 45.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Royal Bank of Canada Trading Down 0.1 %

Royal Bank of Canada stock traded down $0.09 during trading hours on Tuesday, reaching $121.47. 938,914 shares of the company's stock traded hands, compared to its average volume of 704,128. The firm has a market capitalization of $171.72 billion, a price-to-earnings ratio of 14.71, a PEG ratio of 1.86 and a beta of 0.87. 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 fifty-two week low of $93.97 and a fifty-two week high of $128.05. The firm's 50 day moving average is $123.11 and its 200-day moving average is $118.60.

Royal Bank of Canada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Monday, January 27th will be paid a $1.0522 dividend. The ex-dividend date of this dividend is Monday, January 27th. This is a boost from Royal Bank of Canada's previous quarterly dividend of $1.03. This represents a $4.21 annualized dividend and a dividend yield of 3.46%. Royal Bank of Canada's dividend payout ratio (DPR) is currently 52.91%.

About Royal Bank of Canada

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.