AMP Capital Investors Ltd increased its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 8.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 723,860 shares of the financial services provider’s stock after buying an additional 55,570 shares during the period. AMP Capital Investors Ltd’s holdings in Royal Bank Of Canada were worth $55,879,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its stake in Royal Bank Of Canada by 4.0% in the second quarter. Quadrant Capital Group LLC now owns 1,709 shares of the financial services provider’s stock valued at $102,000 after acquiring an additional 65 shares during the last quarter. Proficio Capital Partners LLC increased its stake in Royal Bank Of Canada by 1.2% in the second quarter. Proficio Capital Partners LLC now owns 2,124 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 26 shares during the last quarter. Asset Advisors Corp bought a new position in Royal Bank Of Canada in the third quarter valued at approximately $178,000. Mckinley Capital Management LLC Delaware bought a new position in Royal Bank Of Canada in the second quarter valued at approximately $191,000. Finally, RFG Advisory Group LLC bought a new position in Royal Bank Of Canada in the second quarter valued at approximately $201,000. Institutional investors own 40.54% of the company’s stock.

RY has been the topic of a number of recent analyst reports. BMO Capital Markets reissued a “hold” rating and issued a $102.00 price objective on shares of Royal Bank Of Canada in a research note on Wednesday, November 29th. Zacks Investment Research cut shares of Royal Bank Of Canada from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Macquarie initiated coverage on shares of Royal Bank Of Canada in a research note on Tuesday, October 24th. They issued an “underperform” rating on the stock. BidaskClub raised shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $105.00 price objective on shares of Royal Bank Of Canada in a research note on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company’s stock. Royal Bank Of Canada currently has an average rating of “Hold” and an average target price of $93.60.

Royal Bank Of Canada (RY) traded down $0.34 during midday trading on Wednesday, hitting $79.46. 1,178,700 shares of the company’s stock were exchanged, compared to its average volume of 980,597. The company has a market capitalization of $115,941.27, a PE ratio of 13.83, a PEG ratio of 1.79 and a beta of 1.07. Royal Bank Of Canada has a 12-month low of $66.03 and a 12-month high of $80.98. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.14.

The business 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. The ex-dividend date is Wednesday, January 24th. This represents a $2.86 dividend on an annualized basis and a dividend yield of 3.60%. Royal Bank Of Canada’s payout ratio is presently 49.83%.

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Royal Bank Of Canada Profile

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.

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

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