Barclays PLC Sells 7,091 Shares of Royal Bank of Canada (NYSE:RY)

Barclays PLC trimmed its holdings in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 80.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,740 shares of the financial services provider’s stock after selling 7,091 shares during the quarter. Barclays PLC’s holdings in Royal Bank of Canada were worth $210,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in RY. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Royal Bank of Canada by 0.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 31,103 shares of the financial services provider’s stock valued at $3,879,000 after purchasing an additional 254 shares during the last quarter. Aprio Wealth Management LLC boosted its stake in shares of Royal Bank of Canada by 10.9% in the 4th quarter. Aprio Wealth Management LLC now owns 9,345 shares of the financial services provider’s stock valued at $1,126,000 after purchasing an additional 915 shares during the last quarter. Kieckhefer Group LLC bought a new stake in shares of Royal Bank of Canada in the 4th quarter valued at $36,000. JTC Employer Solutions Trustee Ltd boosted its stake in shares of Royal Bank of Canada by 355.9% in the 4th quarter. JTC Employer Solutions Trustee Ltd now owns 1,705 shares of the financial services provider’s stock valued at $206,000 after purchasing an additional 1,331 shares during the last quarter. Finally, Tuttle Capital Management LLC boosted its stake in shares of Royal Bank of Canada by 34.7% in the 4th quarter. Tuttle Capital Management LLC now owns 3,415 shares of the financial services provider’s stock valued at $412,000 after purchasing an additional 880 shares during the last quarter. 45.31% of the stock is owned by institutional investors.

Royal Bank of Canada Stock Performance

RY opened at $120.73 on Tuesday. 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 company’s fifty day moving average price is $115.15 and its two-hundred day moving average price is $119.31. Royal Bank of Canada has a 1-year low of $102.44 and a 1-year high of $128.05. The company has a market cap of $170.43 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 1.80 and a beta of 0.89.

Royal Bank of Canada Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders 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 annualized dividend and a yield of 3.40%. Royal Bank of Canada’s payout ratio is 46.18%.

Analysts Set New Price Targets

RY has been the topic of a number of research reports. StockNews.com upgraded shares of Royal Bank of Canada from a “sell” rating to a “hold” rating in a research report on Friday. Cibc World Mkts upgraded shares of Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a research report on Thursday, April 3rd. Finally, CIBC upgraded shares of Royal Bank of Canada from a “neutral” rating to a “sector outperform” rating in a research report on Friday, April 4th. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Royal Bank of Canada currently has an average rating of “Buy” and an average price target of $156.50.

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.