265,100 Shares in Royal Bank of Canada (NYSE:RY) Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC acquired a new position in Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 265,100 shares of the financial services provider's stock, valued at approximately $31,947,000.

A number of other large investors also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its position in shares of Royal Bank of Canada by 1.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,548,041 shares of the financial services provider's stock worth $427,589,000 after purchasing an additional 64,450 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Royal Bank of Canada during the fourth quarter worth $60,034,000. Wealth High Governance Capital Ltda acquired a new position in shares of Royal Bank of Canada during the fourth quarter worth $10,243,000. Jones Financial Companies Lllp increased its position in shares of Royal Bank of Canada by 1,322.0% in the 4th quarter. Jones Financial Companies Lllp now owns 4,010 shares of the financial services provider's stock valued at $483,000 after acquiring an additional 3,728 shares during the period. Finally, APG Asset Management N.V. increased its position in shares of Royal Bank of Canada by 1,600.9% in the 4th quarter. APG Asset Management N.V. now owns 1,427,075 shares of the financial services provider's stock valued at $166,084,000 after acquiring an additional 1,343,174 shares during the period. Institutional investors own 45.31% of the company's stock.

Royal Bank of Canada Price Performance

Shares of RY traded up $0.81 during trading hours on Monday, hitting $118.57. 1,006,227 shares of the stock were exchanged, compared to its average volume of 1,101,753. 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 $96.52 and a 12-month high of $128.05. The company has a market cap of $167.38 billion, a price-to-earnings ratio of 14.35, a price-to-earnings-growth ratio of 1.80 and a beta of 0.82. The stock's 50-day moving average price is $114.57 and its two-hundred day moving average price is $119.63.

Royal Bank of Canada Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 24th will be given a dividend of $1.0251 per share. This represents a $4.10 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Thursday, April 24th. Royal Bank of Canada's payout ratio is 46.18%.

Wall Street Analyst Weigh In

RY has been the topic of several recent research reports. CIBC raised shares of Royal Bank of Canada from a "neutral" rating to a "sector outperform" rating in a report on Friday, April 4th. StockNews.com raised Royal Bank of Canada from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Finally, Cibc World Mkts upgraded Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 3rd. Two equities 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. Based on data from MarketBeat, Royal Bank of Canada has a consensus rating of "Buy" and an average 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.