Level Four Advisory Services LLC Trims Position in Royal Bank of Canada (NYSE:RY)

Level Four Advisory Services LLC lessened its position in shares of Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 24.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,701 shares of the financial services provider's stock after selling 4,159 shares during the quarter. Level Four Advisory Services LLC's holdings in Royal Bank of Canada were worth $1,531,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Dunhill Financial LLC bought a new position in shares of Royal Bank of Canada during the 3rd quarter valued at approximately $25,000. Larson Financial Group LLC purchased a new stake in Royal Bank of Canada during the third quarter valued at $26,000. Roxbury Financial LLC bought a new position in Royal Bank of Canada during the fourth quarter valued at $29,000. Jackson Grant Investment Advisers Inc. purchased a new position in shares of Royal Bank of Canada in the 4th quarter worth $36,000. Finally, Kieckhefer Group LLC bought a new stake in shares of Royal Bank of Canada in the 4th quarter worth about $36,000. Institutional investors own 45.31% of the company's stock.

Analyst Ratings Changes

RY has been the subject of a number of analyst reports. BMO Capital Markets lowered their price target on shares of 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. StockNews.com raised Royal Bank of Canada from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Finally, CIBC reissued a "neutral" rating on shares of Royal Bank of Canada in a research report on Wednesday, March 5th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Royal Bank of Canada has an average rating of "Moderate Buy" and an average price target of $156.50.

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Royal Bank of Canada Trading Up 0.8 %

NYSE RY traded up $0.95 during trading on Tuesday, hitting $113.67. The stock had a trading volume of 827,574 shares, compared to its average volume of 1,061,250. Royal Bank of Canada has a one year low of $95.84 and a one year high of $128.05. The stock has a 50 day simple moving average of $117.27 and a 200 day simple moving average of $120.95. The stock has a market capitalization of $160.47 billion, a price-to-earnings ratio of 13.76, a P/E/G ratio of 1.80 and a beta of 0.88. 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 Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors 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 3.61%. The ex-dividend date is Thursday, April 24th. Royal Bank of Canada's dividend payout ratio is currently 45.96%.

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.