Royal Bank of Canada (NYSE:RY) Stock Position Raised by Entropy Technologies LP

Entropy Technologies LP lifted its stake in shares of Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 96.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,972 shares of the financial services provider's stock after purchasing an additional 6,372 shares during the quarter. Entropy Technologies LP's holdings in Royal Bank of Canada were worth $1,563,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Advisory Resource Group raised its position in shares of Royal Bank of Canada by 3.2% during the 4th quarter. Advisory Resource Group now owns 8,403 shares of the financial services provider's stock worth $1,013,000 after purchasing an additional 257 shares during the period. Wilmington Savings Fund Society FSB grew its holdings in Royal Bank of Canada by 21.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,623 shares of the financial services provider's stock worth $196,000 after buying an additional 283 shares in the last quarter. Kingsview Wealth Management LLC grew its holdings in Royal Bank of Canada by 7.7% in the 4th quarter. Kingsview Wealth Management LLC now owns 3,685 shares of the financial services provider's stock worth $444,000 after buying an additional 262 shares in the last quarter. Cidel Asset Management Inc. grew its holdings in Royal Bank of Canada by 0.6% in the 4th quarter. Cidel Asset Management Inc. now owns 575,309 shares of the financial services provider's stock worth $69,331,000 after buying an additional 3,238 shares in the last quarter. Finally, Citrine Capital LLC bought a new position in Royal Bank of Canada in the 4th quarter worth approximately $652,000. 45.31% of the stock is currently owned by institutional investors and hedge funds.

Royal Bank of Canada Price Performance

NYSE RY traded up $0.98 on Thursday, reaching $119.35. 1,396,211 shares of the stock traded hands, compared to its average volume of 1,199,718. The firm's fifty day simple moving average is $121.38 and its 200 day simple moving average is $120.69. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.11. The company has a market cap of $168.80 billion, a price-to-earnings ratio of 14.45, a P/E/G ratio of 1.78 and a beta of 0.87. Royal Bank of Canada has a 12 month low of $95.19 and a 12 month high of $128.05.

Royal Bank of Canada Increases Dividend

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

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RY. BMO Capital Markets decreased their price objective on Royal Bank of Canada from $195.00 to $193.00 and set an "outperform" rating for the company in a report on Thursday, December 5th. TD Securities lowered Royal Bank of Canada from a "buy" rating to a "hold" rating in a report on Friday, November 15th. StockNews.com lowered Royal Bank of Canada from a "hold" rating to a "sell" rating in a report on Wednesday, January 1st. Finally, Barclays raised 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 issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average 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.