Royal Bank of Canada (NYSE:RY) Shares Sold by Godsey & Gibb Inc.

Godsey & Gibb Inc. lessened its stake in shares of Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 2.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,036 shares of the financial services provider's stock after selling 4,988 shares during the quarter. Royal Bank of Canada makes up approximately 2.4% of Godsey & Gibb Inc.'s holdings, making the stock its 11th largest holding. Godsey & Gibb Inc.'s holdings in Royal Bank of Canada were worth $24,106,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in RY. Park Avenue Securities LLC raised its holdings in Royal Bank of Canada by 25.9% in the 4th quarter. Park Avenue Securities LLC now owns 16,762 shares of the financial services provider's stock valued at $2,020,000 after acquiring an additional 3,451 shares during the last quarter. Kathmere Capital Management LLC grew its position in shares of Royal Bank of Canada by 4.5% in the fourth quarter. Kathmere Capital Management LLC now owns 4,475 shares of the financial services provider's stock valued at $539,000 after purchasing an additional 191 shares during the period. Tuttle Capital Management LLC increased its stake in Royal Bank of Canada by 34.7% in the fourth quarter. Tuttle Capital Management LLC now owns 3,415 shares of the financial services provider's stock valued at $412,000 after purchasing an additional 880 shares during the last quarter. JTC Employer Solutions Trustee Ltd lifted its position in Royal Bank of Canada by 355.9% during the fourth quarter. JTC Employer Solutions Trustee Ltd now owns 1,705 shares of the financial services provider's stock worth $206,000 after buying an additional 1,331 shares during the period. Finally, Kieckhefer Group LLC acquired a new stake in Royal Bank of Canada in the 4th quarter worth about $36,000. Institutional investors and hedge funds own 45.31% of the company's stock.

Royal Bank of Canada Stock Up 0.9 %

RY opened at $119.64 on Thursday. Royal Bank of Canada has a 1 year low of $93.97 and a 1 year high of $128.05. The firm has a 50 day moving average price of $122.81 and a 200 day moving average price of $119.21. 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 company has a market cap of $169.13 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 1.77 and a beta of 0.87.

Royal Bank of Canada Increases Dividend

The firm also recently disclosed 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 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 dividend payout ratio is presently 50.85%.

Analyst Upgrades and Downgrades

RY has been the subject of a number of research analyst reports. BMO Capital Markets dropped their price objective on shares of 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. TD Securities downgraded shares of Royal Bank of Canada from a "buy" rating to a "hold" rating in a report on Friday, November 15th. Barclays raised shares of Royal Bank of Canada from an "equal weight" rating to an "overweight" rating in a research note on Thursday, November 21st. Finally, StockNews.com cut shares of Royal Bank of Canada from a "hold" rating to a "sell" rating in a research note on Wednesday, January 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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