Level Four Advisory Services LLC Sells 4,159 Shares of Royal Bank of Canada (NYSE:RY)

Level Four Advisory Services LLC decreased its position in Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 24.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dunhill Financial LLC purchased a new stake in Royal Bank of Canada in the third quarter worth $25,000. Larson Financial Group LLC bought a new position in Royal Bank of Canada in the 3rd quarter worth $26,000. Roxbury Financial LLC bought a new position in Royal Bank of Canada in the 4th quarter worth $29,000. Jackson Grant Investment Advisers Inc. bought a new stake in shares of Royal Bank of Canada during the 4th quarter valued at about $36,000. Finally, Kieckhefer Group LLC purchased a new position in shares of Royal Bank of Canada during the fourth quarter valued at about $36,000. 45.31% of the stock is owned by institutional investors.

Royal Bank of Canada Stock Up 1.6 %

RY traded up $1.89 during midday trading on Thursday, reaching $116.61. The company's stock had a trading volume of 782,377 shares, compared to its average volume of 1,177,957. The stock's 50-day moving average is $116.97 and its 200-day moving average is $120.83. Royal Bank of Canada has a 1 year low of $95.84 and a 1 year high of $128.05. The firm has a market capitalization of $164.62 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 1.80 and a beta of 0.88. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.11.

Royal Bank of Canada Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 24th will be given a dividend of $1.0251 per share. This represents a $4.10 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date of this dividend is Thursday, April 24th. Royal Bank of Canada's dividend payout ratio (DPR) is presently 45.96%.

Analyst Ratings Changes

RY has been the subject of several research analyst reports. StockNews.com upgraded shares of Royal Bank of Canada from a "sell" rating to a "hold" rating in a report on Friday, February 28th. BMO Capital Markets lowered their target price on Royal Bank of Canada from $195.00 to $193.00 and set an "outperform" rating for the company in a research note on Thursday, December 5th. Finally, CIBC restated a "neutral" rating on shares of Royal Bank of Canada in a research report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Royal Bank of Canada currently has a consensus rating of "Moderate Buy" and a consensus 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.