BMO Capital Markets reissued their hold rating on shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) in a research note published on Wednesday morning. They currently have a $102.00 price objective on the financial services provider’s stock.

A number of other research analysts have also issued reports on the company. Canaccord Genuity restated a hold rating and set a $105.00 price objective on shares of Royal Bank Of Canada in a research report on Wednesday. Scotiabank restated a hold rating and set a $101.00 price objective on shares of Royal Bank Of Canada in a research report on Wednesday, November 22nd. Zacks Investment Research lowered Royal Bank Of Canada from a hold rating to a sell rating in a research report on Thursday, November 9th. Macquarie initiated coverage on Royal Bank Of Canada in a research report on Tuesday, October 24th. They set an underperform rating for the company. Finally, Howard Weil downgraded Royal Bank Of Canada to a sector perform rating in a research note on Monday, August 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $93.60.

Royal Bank Of Canada (NYSE:RY) opened at $79.81 on Wednesday. Royal Bank Of Canada has a 12-month low of $65.58 and a 12-month high of $80.98. The stock has a market capitalization of $114,156.23, a P/E ratio of 13.57, a P/E/G ratio of 1.95 and a beta of 1.07. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.89 and a current ratio of 0.90.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Thursday, January 25th will be paid a dividend of $0.7157 per share. This represents a $2.86 annualized dividend and a yield of 3.59%. The ex-dividend date is Wednesday, January 24th. Royal Bank Of Canada’s payout ratio is currently 49.83%.

A number of institutional investors have recently made changes to their positions in the business. TD Asset Management Inc. raised its stake in Royal Bank Of Canada by 1.1% during the 3rd quarter. TD Asset Management Inc. now owns 41,729,683 shares of the financial services provider’s stock valued at $3,221,184,000 after acquiring an additional 436,782 shares in the last quarter. Vanguard Group Inc. raised its stake in Royal Bank Of Canada by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 32,981,480 shares of the financial services provider’s stock valued at $2,391,817,000 after acquiring an additional 1,303,290 shares in the last quarter. Jarislowsky Fraser Ltd raised its stake in shares of Royal Bank Of Canada by 0.8% in the 3rd quarter. Jarislowsky Fraser Ltd now owns 16,449,799 shares of the financial services provider’s stock worth $1,269,791,000 after buying an additional 132,595 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Royal Bank Of Canada by 6.2% in the 3rd quarter. Great West Life Assurance Co. Can now owns 13,119,435 shares of the financial services provider’s stock worth $1,012,699,000 after buying an additional 769,771 shares in the last quarter. Finally, Capital Research Global Investors raised its stake in shares of Royal Bank Of Canada by 3.8% in the 2nd quarter. Capital Research Global Investors now owns 11,683,000 shares of the financial services provider’s stock worth $848,297,000 after buying an additional 425,000 shares in the last quarter. 40.55% of the stock is currently owned by hedge funds and other institutional investors.

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About Royal Bank Of Canada

Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.

Analyst Recommendations for Royal Bank Of Canada (NYSE:RY)

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