2,997 Shares in Royal Bank of Canada (NYSE:RY) Purchased by Callan Family Office LLC

Callan Family Office LLC bought a new stake in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,997 shares of the financial services provider’s stock, valued at approximately $361,000.

A number of other hedge funds and other institutional investors also recently 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 third quarter valued at $25,000. Dunhill Financial LLC bought a new stake in Royal Bank of Canada in the third quarter worth about $25,000. Larson Financial Group LLC acquired a new stake in Royal Bank of Canada in the 3rd quarter valued at about $26,000. Roxbury Financial LLC acquired a new stake in Royal Bank of Canada in the 4th quarter valued at about $29,000. Finally, Kieckhefer Group LLC bought a new position in shares of Royal Bank of Canada during the 4th quarter valued at about $36,000. 45.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on RY. BMO Capital Markets dropped their target price 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. StockNews.com raised Royal Bank of Canada from a “sell” rating to a “hold” rating in a report on Friday, February 28th. TD Securities lowered Royal Bank of Canada from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Barclays raised Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a research report on Thursday, November 21st. Finally, CIBC reaffirmed a “neutral” rating on shares of Royal Bank of Canada in a report on Wednesday, March 5th. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $156.50.

Royal Bank of Canada Trading Down 1.8 %

NYSE RY opened at $113.05 on Tuesday. The firm’s 50 day moving average price is $119.40 and its two-hundred day moving average price is $121.71. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.86 and a current ratio of 0.86. Royal Bank of Canada has a twelve month low of $95.84 and a twelve month high of $128.05. The stock has a market cap of $159.89 billion, a price-to-earnings ratio of 13.69, a PEG ratio of 1.80 and a beta of 0.88.

Royal Bank of Canada Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be issued a dividend of $1.0251 per share. The ex-dividend date is Thursday, April 24th. This represents a $4.10 dividend on an annualized basis and a dividend yield of 3.63%. Royal Bank of Canada’s dividend payout ratio is 45.96%.

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.