Carroll Financial Associates Inc. lowered its position in Royal Bank of Canada (NYSE:RY) (TSE:RY) by 1.7% in the fourth quarter, Holdings Channel reports. The fund owned 19,647 shares of the financial services provider’s stock after selling 330 shares during the quarter. Carroll Financial Associates Inc.’s holdings in Royal Bank of Canada were worth $1,387,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of RY. Nordea Investment Management AB bought a new position in shares of Royal Bank of Canada in the third quarter valued at approximately $463,806,000. Capital World Investors bought a new position in shares of Royal Bank of Canada in the third quarter valued at approximately $135,873,000. Pathstone Family Office LLC bought a new position in shares of Royal Bank of Canada in the third quarter valued at approximately $129,136,000. JPMorgan Chase & Co. raised its stake in shares of Royal Bank of Canada by 151.6% in the third quarter. JPMorgan Chase & Co. now owns 2,553,655 shares of the financial services provider’s stock valued at $204,776,000 after acquiring an additional 1,538,669 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Royal Bank of Canada by 2.7% in the third quarter. Vanguard Group Inc. now owns 37,561,144 shares of the financial services provider’s stock valued at $3,012,028,000 after acquiring an additional 981,890 shares during the last quarter. Institutional investors own 40.91% of the company’s stock.

RY stock opened at $72.79 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.91 and a quick ratio of 0.91. Royal Bank of Canada has a fifty-two week low of $65.76 and a fifty-two week high of $87.10. The company has a market capitalization of $104.24 billion, a P/E ratio of 11.14, a P/E/G ratio of 1.33 and a beta of 1.08.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings data on Wednesday, November 28th. The financial services provider reported $1.71 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.10. Royal Bank of Canada had a net margin of 21.60% and a return on equity of 18.09%. The firm had revenue of $10.67 billion during the quarter, compared to analysts’ expectations of $11.14 billion. During the same quarter in the previous year, the company posted $1.88 EPS. Royal Bank of Canada’s revenue was up 1.4% on a year-over-year basis. As a group, sell-side analysts forecast that Royal Bank of Canada will post 6.78 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 22nd. Investors of record on Thursday, January 24th will be given a $0.745 dividend. This represents a $2.98 annualized dividend and a yield of 4.09%. The ex-dividend date is Wednesday, January 23rd. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 46.55%.

A number of research analysts have recently issued reports on RY shares. ValuEngine cut shares of Royal Bank of Canada from a “hold” rating to a “sell” rating in a research note on Thursday, November 1st. Zacks Investment Research cut shares of Royal Bank of Canada from a “hold” rating to a “sell” rating in a research note on Friday, November 9th. Barclays reiterated a “sell” rating on shares of Royal Bank of Canada in a research note on Friday, November 16th. Canaccord Genuity reiterated a “hold” rating on shares of Royal Bank of Canada in a research note on Thursday, November 22nd. Finally, Argus cut their target price on shares of Royal Bank of Canada to $89.00 and set a “positive” rating for the company in a research note on Thursday, November 29th. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the company’s stock. Royal Bank of Canada presently has an average rating of “Hold” and a consensus target price of $96.00.

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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 check and savings accounts; home equity and auto financing, personal lending, private banking, mutual fund, self-directed brokerage account, and guaranteed investment certificate services; and credit cards, and payment products and solutions for individuals.

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Institutional Ownership by Quarter for Royal Bank of Canada (NYSE:RY)

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