Trust Co of the South Purchases 225 Shares of Royal Bank of Canada (NYSE:RY)

Trust Co of the South lifted its position in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,043 shares of the financial services provider’s stock after purchasing an additional 225 shares during the period. Royal Bank of Canada accounts for approximately 0.6% of Trust Co of the South’s investment portfolio, making the stock its 25th biggest holding. Trust Co of the South’s holdings in Royal Bank of Canada were worth $3,018,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in Royal Bank of Canada during the 3rd quarter worth $25,000. Dunhill Financial LLC acquired a new stake in shares of Royal Bank of Canada in the 3rd quarter valued at $25,000. Larson Financial Group LLC bought a new position in shares of Royal Bank of Canada in the 3rd quarter valued at $26,000. Grove Bank & Trust acquired a new position in shares of Royal Bank of Canada during the 3rd quarter worth $28,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in shares of 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 buying an additional 118 shares during the last quarter. 45.31% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently issued reports on RY shares. BMO Capital Markets lowered their price objective on shares of Royal Bank of Canada from $195.00 to $193.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. StockNews.com lowered Royal Bank of Canada from a “hold” rating to a “sell” rating in a research note on Wednesday. TD Securities cut Royal Bank of Canada from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. 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 equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $156.50.

Royal Bank of Canada Stock Down 0.8 %

Shares of RY stock traded down $1.00 during mid-day trading on Thursday, reaching $119.51. 282,787 shares of the company’s stock traded hands, compared to its average volume of 1,066,202. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.11. The company’s 50-day moving average price is $123.28 and its 200-day moving average price is $118.14. The company has a market cap of $168.95 billion, a P/E ratio of 14.47, a P/E/G ratio of 1.86 and a beta of 0.86. Royal Bank of Canada has a 12 month low of $93.97 and a 12 month high of $128.05.

Royal Bank of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Monday, January 27th will be paid a $1.0522 dividend. The ex-dividend date of this dividend is Monday, January 27th. This represents a $4.21 annualized dividend and a dividend yield of 3.52%. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $1.03. Royal Bank of Canada’s payout ratio is currently 52.91%.

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.