XTX Topco Ltd raised its stake in Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 21.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,038 shares of the financial services provider's stock after acquiring an additional 2,472 shares during the period. XTX Topco Ltd's holdings in Royal Bank of Canada were worth $1,692,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. Norges Bank acquired a new position in shares of Royal Bank of Canada during the 4th quarter worth $2,425,519,000. Geode Capital Management LLC lifted its holdings in shares of 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 last quarter. APG Asset Management N.V. boosted its stake 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 purchasing an additional 1,343,174 shares in the last quarter. Vanguard Group Inc. grew its holdings 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 purchasing an additional 1,104,975 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in 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 worth $1,338,156,000 after purchasing an additional 921,276 shares in the last quarter. 45.31% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the company. CIBC raised Royal Bank of Canada from a "neutral" rating to a "sector outperform" rating in a report on Friday, April 4th. StockNews.com upgraded shares of 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 report on Thursday, April 3rd. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $156.50.
Check Out Our Latest Stock Analysis on Royal Bank of Canada
Royal Bank of Canada Stock Up 0.4 %
RY stock traded up $0.52 during mid-day trading on Friday, reaching $116.14. 1,090,937 shares of the company traded hands, compared to its average volume of 1,103,103. The stock has a market cap of $163.95 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 1.80 and a beta of 0.82. Royal Bank of Canada has a fifty-two week low of $95.84 and a fifty-two week high of $128.05. The firm's 50 day moving average price is $114.86 and its 200 day moving average price is $119.91. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.11.
Royal Bank of Canada Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 24th will be paid a $1.0251 dividend. The ex-dividend date of this dividend is Thursday, April 24th. This represents a $4.10 annualized dividend and a yield of 3.53%. Royal Bank of Canada's payout ratio is 46.18%.
Royal Bank of Canada Profile
(
Free Report)
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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