Certuity LLC Buys 377 Shares of Royal Bank of Canada (NYSE:RY)

Certuity LLC boosted its stake in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 17.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,545 shares of the financial services provider’s stock after buying an additional 377 shares during the period. Certuity LLC’s holdings in Royal Bank of Canada were worth $307,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Addison Advisors LLC raised its stake in shares of Royal Bank of Canada by 9.5% in the third quarter. Addison Advisors LLC now owns 945 shares of the financial services provider’s stock valued at $118,000 after acquiring an additional 82 shares during the period. Financial Management Professionals Inc. raised its position in Royal Bank of Canada by 26.8% in the 4th quarter. Financial Management Professionals Inc. now owns 426 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 90 shares during the period. Drive Wealth Management LLC lifted its stake in Royal Bank of Canada by 3.4% in the third quarter. Drive Wealth Management LLC now owns 2,799 shares of the financial services provider’s stock worth $349,000 after purchasing an additional 92 shares during the last quarter. Ballentine Partners LLC boosted its position in shares of Royal Bank of Canada by 2.2% during the fourth quarter. Ballentine Partners LLC now owns 4,308 shares of the financial services provider’s stock valued at $519,000 after buying an additional 94 shares during the period. Finally, Private Advisor Group LLC grew its stake in shares of Royal Bank of Canada by 1.6% during the third quarter. Private Advisor Group LLC now owns 6,160 shares of the financial services provider’s stock valued at $768,000 after buying an additional 95 shares during the last quarter. 45.31% of the stock is currently owned by institutional investors.

Royal Bank of Canada Stock Down 0.1 %

Shares of NYSE RY opened at $118.31 on Thursday. Royal Bank of Canada has a 12-month low of $93.97 and a 12-month high of $128.05. The stock’s fifty day simple moving average is $121.52 and its two-hundred day simple moving average is $120.70. The stock has a market capitalization of $167.33 billion, a PE ratio of 14.32, a price-to-earnings-growth ratio of 1.78 and a beta of 0.87. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.11.

Royal Bank of Canada Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Monday, January 27th will be paid a $1.0522 dividend. This represents a $4.21 annualized dividend and a yield of 3.56%. The ex-dividend date is Monday, January 27th. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $1.03. Royal Bank of Canada’s payout ratio is 49.76%.

Analyst Ratings Changes

A number of brokerages recently issued reports on RY. StockNews.com lowered Royal Bank of Canada from a “hold” rating to a “sell” rating in a research note on Wednesday, January 1st. TD Securities downgraded Royal Bank of Canada from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Barclays upgraded shares of Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a report on Thursday, November 21st. Finally, BMO Capital Markets decreased 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 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 assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.