Royal Bank of Canada (NYSE:RY) Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC boosted its stake in Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 322,655 shares of the financial services provider's stock after buying an additional 2,291 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Royal Bank of Canada were worth $38,863,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. CIBC Private Wealth Group LLC grew its stake in Royal Bank of Canada by 144.4% during the 4th quarter. CIBC Private Wealth Group LLC now owns 16,295 shares of the financial services provider's stock valued at $1,982,000 after acquiring an additional 9,627 shares in the last quarter. WealthTrak Capital Management LLC purchased a new stake in shares of Royal Bank of Canada in the fourth quarter valued at approximately $28,000. Brown Brothers Harriman & Co. increased its holdings in shares of Royal Bank of Canada by 6.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 18,436 shares of the financial services provider's stock valued at $2,222,000 after purchasing an additional 1,160 shares during the last quarter. Orion Portfolio Solutions LLC increased its holdings in shares of Royal Bank of Canada by 9.8% in the fourth quarter. Orion Portfolio Solutions LLC now owns 19,458 shares of the financial services provider's stock valued at $2,345,000 after purchasing an additional 1,729 shares during the last quarter. Finally, Norges Bank purchased a new position in Royal Bank of Canada during the fourth quarter worth approximately $2,425,519,000. 45.31% of the stock is currently owned by institutional investors and hedge funds.

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Royal Bank of Canada Trading Up 0.8 %

Shares of NYSE:RY traded up $0.95 during mid-day trading on Tuesday, reaching $113.67. 827,574 shares of the company were exchanged, compared to its average volume of 1,063,226. The firm has a market cap 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 current ratio of 0.86 and a quick ratio of 0.86. Royal Bank of Canada has a 1 year low of $95.84 and a 1 year high of $128.05. The firm's 50-day simple moving average is $117.27 and its 200 day simple moving average is $120.95.

Royal Bank of Canada Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, April 24th will be paid a dividend of $1.0251 per share. The ex-dividend date of this dividend is Thursday, April 24th. This represents a $4.10 dividend on an annualized basis and a yield of 3.61%. Royal Bank of Canada's dividend payout ratio (DPR) is presently 45.96%.

Wall Street Analyst Weigh In

Several research firms have recently commented on RY. StockNews.com upgraded Royal Bank of Canada from a "sell" rating to a "hold" rating in a report on Friday, February 28th. BMO Capital Markets decreased their target price on shares of Royal Bank of Canada from $195.00 to $193.00 and set an "outperform" rating on the stock in a report on Thursday, December 5th. Finally, CIBC restated a "neutral" rating on shares of Royal Bank of Canada in a report on Wednesday, March 5th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $156.50.

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.