Community Bank & Trust Waco Texas Increases Position in Royal Bank of Canada (NYSE:RY)

Community Bank & Trust Waco Texas grew its stake in Royal Bank of Canada (NYSE:RY) (TSE:RY) by 12.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,893 shares of the financial services provider’s stock after acquiring an additional 654 shares during the quarter. Community Bank & Trust Waco Texas’ holdings in Royal Bank of Canada were worth $710,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Capital Performance Advisors LLP acquired a new stake in shares of Royal Bank of Canada in the 3rd quarter worth $25,000. Dunhill Financial LLC acquired a new stake in Royal Bank of Canada during the 3rd quarter worth about $25,000. Larson Financial Group LLC acquired a new stake in Royal Bank of Canada during the 3rd quarter worth about $26,000. Grove Bank & Trust acquired a new stake in Royal Bank of Canada during the 3rd quarter worth about $28,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in Royal Bank of Canada by 110.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 225 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 118 shares during the period. 45.31% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

RY has been the subject of a number of research reports. StockNews.com cut Royal Bank of Canada from a “hold” rating to a “sell” rating in a research report on Wednesday, January 1st. Barclays raised Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a report on Thursday, November 21st. BMO Capital Markets decreased their price objective on 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. Finally, TD Securities cut Royal Bank of Canada from a “buy” rating to a “hold” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $156.50.

Royal Bank of Canada Price Performance

NYSE:RY opened at $117.94 on Tuesday. Royal Bank of Canada has a 12 month low of $93.97 and a 12 month high of $128.05. The stock has a 50 day moving average of $121.79 and a two-hundred day moving average of $120.59. 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 $166.81 billion, a P/E ratio of 14.28, a price-to-earnings-growth ratio of 1.78 and a beta of 0.87.

Royal Bank of Canada Increases Dividend

The business 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 $1.0522 dividend. 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. This represents a $4.21 dividend on an annualized basis and a dividend yield of 3.57%. Royal Bank of Canada’s dividend payout ratio is 49.76%.

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.