1,340 Shares in Royal Bank of Canada (NYSE:RY) Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB acquired a new stake in Royal Bank of Canada (NYSE:RY) (TSE:RY) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,340 shares of the financial services provider’s stock, valued at approximately $167,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. World Investment Advisors LLC boosted its stake in Royal Bank of Canada by 74.1% during the 3rd quarter. World Investment Advisors LLC now owns 5,521 shares of the financial services provider’s stock valued at $689,000 after acquiring an additional 2,350 shares during the last quarter. Sanctuary Advisors LLC raised its stake in shares of Royal Bank of Canada by 3.8% in the 3rd quarter. Sanctuary Advisors LLC now owns 16,287 shares of the financial services provider’s stock valued at $2,037,000 after purchasing an additional 589 shares in the last quarter. Fulcrum Equity Management bought a new position in shares of Royal Bank of Canada during the third quarter worth about $216,000. Te Ahumairangi Investment Management Ltd lifted its holdings in Royal Bank of Canada by 1.4% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 35,540 shares of the financial services provider’s stock worth $4,416,000 after buying an additional 500 shares during the last quarter. Finally, Barclays PLC lifted its stake in Royal Bank of Canada by 3.1% during the third quarter. Barclays PLC now owns 8,831 shares of the financial services provider’s stock worth $1,101,000 after purchasing an additional 268 shares during the last quarter. Institutional investors and hedge funds own 45.31% of the company’s stock.

Royal Bank of Canada Trading Down 3.1 %

Shares of NYSE:RY opened at $119.84 on Thursday. Royal Bank of Canada has a twelve month low of $93.97 and a twelve month high of $128.05. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.11. The firm has a market cap of $169.41 billion, a P/E ratio of 14.51, a P/E/G ratio of 1.86 and a beta of 0.86. The company has a 50 day moving average of $124.10 and a 200-day moving average of $117.14.

Royal Bank of Canada Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Monday, January 27th will be given a dividend of $1.0522 per share. The ex-dividend date is Monday, January 27th. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $1.03. This represents a $4.21 annualized dividend and a dividend yield of 3.51%. Royal Bank of Canada’s dividend payout ratio (DPR) is 52.91%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. TD Securities downgraded Royal Bank of Canada from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. BMO Capital Markets dropped their price objective on shares of Royal Bank of Canada from $195.00 to $193.00 and set an “outperform” rating on the stock in a report on Thursday, December 5th. Finally, Barclays raised shares of Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $156.50.

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 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.