Campbell & CO Investment Adviser LLC Invests $464,000 in Royal Bank of Canada (NYSE:RY)

Campbell & CO Investment Adviser LLC bought a new stake in Royal Bank of Canada (NYSE:RYFree Report) (TSE:RY) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,584 shares of the financial services provider’s stock, valued at approximately $464,000.

A number of other institutional investors have also made changes to their positions in RY. Altrius Capital Management Inc lifted its holdings in Royal Bank of Canada by 3.3% during the 4th quarter. Altrius Capital Management Inc now owns 67,790 shares of the financial services provider’s stock worth $6,856,000 after buying an additional 2,165 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Royal Bank of Canada by 3.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 480,825 shares of the financial services provider’s stock valued at $48,863,000 after acquiring an additional 15,041 shares during the last quarter. Triasima Portfolio Management inc. increased its position in Royal Bank of Canada by 5.5% in the fourth quarter. Triasima Portfolio Management inc. now owns 984,891 shares of the financial services provider’s stock worth $99,785,000 after purchasing an additional 50,995 shares during the period. Assenagon Asset Management S.A. raised its holdings in Royal Bank of Canada by 163.0% during the 4th quarter. Assenagon Asset Management S.A. now owns 160,595 shares of the financial services provider’s stock worth $16,271,000 after purchasing an additional 99,523 shares during the last quarter. Finally, Addenda Capital Inc. lifted its position in Royal Bank of Canada by 2.1% during the 4th quarter. Addenda Capital Inc. now owns 836,019 shares of the financial services provider’s stock valued at $84,547,000 after purchasing an additional 16,964 shares during the period. 45.31% of the stock is owned by institutional investors.

Royal Bank of Canada Trading Down 1.1 %

Shares of NYSE RY opened at $106.39 on Monday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.12. Royal Bank of Canada has a twelve month low of $77.90 and a twelve month high of $109.51. The company’s fifty day moving average is $102.28 and its 200-day moving average is $99.21. The stock has a market cap of $150.55 billion, a price-to-earnings ratio of 13.20, a P/E/G ratio of 1.67 and a beta of 0.87.

Royal Bank of Canada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Thursday, July 25th will be paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 3.87%. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $1.02. The ex-dividend date is Thursday, July 25th. Royal Bank of Canada’s payout ratio is presently 50.62%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on RY. Barclays initiated coverage on shares of Royal Bank of Canada in a research report on Wednesday, March 20th. They set an “equal weight” rating for the company. Scotiabank upgraded shares of Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 17th. Argus increased their price target on Royal Bank of Canada from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Thursday. Jefferies Financial Group raised Royal Bank of Canada from a “hold” rating to a “buy” rating in a research note on Monday, May 13th. Finally, StockNews.com raised Royal Bank of Canada from a “sell” rating to a “hold” rating in a research note on Friday, May 31st. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $133.25.

Check Out Our Latest Research Report on RY

Royal Bank of Canada Profile

(Free Report)

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.

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

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