Americana Partners LLC Purchases 148,752 Shares of Royal Bank of Canada (NYSE:RY)

Americana Partners LLC raised its holdings in Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 504.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 178,260 shares of the financial services provider's stock after buying an additional 148,752 shares during the period. Americana Partners LLC's holdings in Royal Bank of Canada were worth $21,482,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Creative Planning lifted its position in shares of Royal Bank of Canada by 6.4% during the third quarter. Creative Planning now owns 211,411 shares of the financial services provider's stock valued at $26,369,000 after purchasing an additional 12,693 shares in the last quarter. Good Life Advisors LLC lifted its position in shares of Royal Bank of Canada by 7.8% during the third quarter. Good Life Advisors LLC now owns 2,140 shares of the financial services provider's stock valued at $267,000 after purchasing an additional 154 shares in the last quarter. Bleakley Financial Group LLC lifted its position in shares of Royal Bank of Canada by 4.2% during the third quarter. Bleakley Financial Group LLC now owns 6,245 shares of the financial services provider's stock valued at $779,000 after purchasing an additional 254 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of Royal Bank of Canada by 2.4% during the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 17,056 shares of the financial services provider's stock valued at $2,127,000 after purchasing an additional 393 shares in the last quarter. Finally, KMG Fiduciary Partners LLC lifted its position in shares of Royal Bank of Canada by 1.7% during the third quarter. KMG Fiduciary Partners LLC now owns 15,839 shares of the financial services provider's stock valued at $1,976,000 after purchasing an additional 261 shares in the last quarter. 45.31% of the stock is owned by institutional investors.

Royal Bank of Canada Stock Performance

RY stock traded down $1.04 during mid-day trading on Thursday, hitting $119.51. The company had a trading volume of 663,483 shares, compared to its average volume of 1,230,378. The firm has a market cap of $169.03 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 1.81 and a beta of 0.87. 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 has a 12 month low of $95.84 and a 12 month high of $128.05. The stock's fifty day moving average price is $120.71 and its two-hundred day moving average price is $121.02.

Royal Bank of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Monday, January 27th will be given a $1.0522 dividend. The ex-dividend date of this dividend is Monday, January 27th. This represents a $4.21 annualized dividend and a dividend yield of 3.52%. This is a positive change from Royal Bank of Canada's previous quarterly dividend of $1.03. Royal Bank of Canada's payout ratio is 49.76%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. Barclays raised shares of Royal Bank of Canada from an "equal weight" rating to an "overweight" rating in a research report on Thursday, November 21st. BMO Capital Markets lowered their price objective on shares of Royal Bank of Canada from $195.00 to $193.00 and set an "outperform" rating on the stock in a research report on Thursday, December 5th. StockNews.com lowered shares of Royal Bank of Canada from a "hold" rating to a "sell" rating in a research report on Wednesday, January 1st. Finally, TD Securities lowered shares of Royal Bank of Canada from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $156.50.

Royal Bank of Canada Company 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.