International Assets Investment Management LLC Has $95.26 Million Stock Holdings in Royal Bank of Canada (NYSE:RY)

International Assets Investment Management LLC lessened its stake in Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 35.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 790,441 shares of the financial services provider's stock after selling 437,949 shares during the quarter. Royal Bank of Canada comprises 4.3% of International Assets Investment Management LLC's investment portfolio, making the stock its 5th biggest position. International Assets Investment Management LLC owned 0.06% of Royal Bank of Canada worth $95,256,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of RY. Capital Performance Advisors LLP bought a new stake in shares of Royal Bank of Canada during the 3rd quarter worth $25,000. Dunhill Financial LLC acquired a new position in Royal Bank of Canada during the third quarter worth about $25,000. Larson Financial Group LLC bought a new position in shares of Royal Bank of Canada in the third quarter worth about $26,000. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Royal Bank of Canada by 110.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 225 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 118 shares in the last quarter. Finally, Grove Bank & Trust bought a new stake in shares of Royal Bank of Canada during the 3rd quarter valued at approximately $28,000. Institutional investors own 45.31% of the company's stock.

Royal Bank of Canada Trading Up 0.2 %

Shares of Royal Bank of Canada stock traded up $0.30 during trading on Wednesday, hitting $121.63. The company's stock had a trading volume of 663,122 shares, compared to its average volume of 741,644. The stock has a market cap of $171.94 billion, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 1.86 and a beta of 0.87. 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 52 week low of $93.97 and a 52 week high of $128.05. The stock has a 50-day moving average price of $123.07 and a two-hundred day moving average price of $118.73.

Royal Bank of Canada Increases Dividend

The company 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 is Monday, January 27th. This represents a $4.21 dividend on an annualized basis and a dividend yield of 3.46%. This is an increase from Royal Bank of Canada's previous quarterly dividend of $1.03. Royal Bank of Canada's payout ratio is 52.91%.

Analysts Set New Price Targets

RY has been the subject of several research reports. TD Securities downgraded shares of Royal Bank of Canada from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. StockNews.com cut Royal Bank of Canada from a "hold" rating to a "sell" rating in a research note on Wednesday, January 1st. Barclays upgraded Royal Bank of Canada from an "equal weight" rating to an "overweight" rating in a research report on Thursday, November 21st. Finally, BMO Capital Markets dropped 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 report on Thursday, December 5th. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Royal Bank of Canada presently has an average rating of "Moderate Buy" and a consensus price target 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.