Ossiam Sells 26,887 Shares of Royal Bank of Canada (NYSE:RY)

Ossiam decreased its position in Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 21.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 97,195 shares of the financial services provider's stock after selling 26,887 shares during the quarter. Ossiam's holdings in Royal Bank of Canada were worth $11,713,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in shares of Royal Bank of Canada in the fourth quarter worth approximately $2,425,519,000. Geode Capital Management LLC raised its position in Royal Bank of Canada by 31.2% in the fourth quarter. Geode Capital Management LLC now owns 8,382,278 shares of the financial services provider's stock worth $1,027,061,000 after acquiring an additional 1,991,364 shares during the period. APG Asset Management N.V. boosted its stake in shares of Royal Bank of Canada by 1,600.9% during the 4th quarter. APG Asset Management N.V. now owns 1,427,075 shares of the financial services provider's stock worth $166,084,000 after acquiring an additional 1,343,174 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Royal Bank of Canada by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 59,183,549 shares of the financial services provider's stock valued at $7,136,056,000 after acquiring an additional 1,104,975 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Royal Bank of Canada by 9.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,112,451 shares of the financial services provider's stock valued at $1,338,156,000 after acquiring an additional 921,276 shares during the period. 45.31% of the stock is owned by hedge funds and other institutional investors.

Royal Bank of Canada Price Performance

Shares of Royal Bank of Canada stock traded up $2.64 during trading hours on Tuesday, hitting $117.85. The company's stock had a trading volume of 5,486,063 shares, compared to its average volume of 1,112,855. The company has a market cap of $166.37 billion, a PE ratio of 14.27, a PEG ratio of 1.80 and a beta of 0.82. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.86 and a current ratio of 0.86. The business has a 50 day moving average price of $114.76 and a two-hundred day moving average price of $119.78. Royal Bank of Canada has a 12-month low of $95.84 and a 12-month high of $128.05.

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 issued a $1.0251 dividend. The ex-dividend date is Thursday, April 24th. This represents a $4.10 dividend on an annualized basis and a yield of 3.48%. Royal Bank of Canada's dividend payout ratio is presently 46.18%.

Analysts Set New Price Targets

RY has been the topic of several analyst reports. CIBC upgraded Royal Bank of Canada from a "neutral" rating to a "sector outperform" rating in a research report on Friday, April 4th. StockNews.com raised Royal Bank of Canada from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Cibc World Mkts raised shares of Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 3rd. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target 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.