Clarius Group LLC Has $404,000 Stock Position in Royal Bank of Canada (NYSE:RY)

Clarius Group LLC increased its stake in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 5.2% in the fourth quarter, Holdings Channel reports. The firm owned 3,354 shares of the financial services provider’s stock after buying an additional 166 shares during the quarter. Clarius Group LLC’s holdings in Royal Bank of Canada were worth $404,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Capital Performance Advisors LLP acquired a new position in shares of Royal Bank of Canada during the 3rd quarter worth about $25,000. Dunhill Financial LLC bought a new position in Royal Bank of Canada during the 3rd quarter worth approximately $25,000. Larson Financial Group LLC acquired a new position in Royal Bank of Canada during the third quarter valued at approximately $26,000. Grove Bank & Trust bought a new stake in Royal Bank of Canada in the third quarter valued at approximately $28,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in Royal Bank of Canada by 110.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 225 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 118 shares during the period. Institutional investors own 45.31% of the company’s stock.

Wall Street Analysts Forecast Growth

RY has been the subject of several research analyst reports. TD Securities lowered shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a report on Friday, November 15th. StockNews.com downgraded Royal Bank of Canada from a “hold” rating to a “sell” rating in a report on Wednesday, January 1st. Barclays upgraded Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a report on Thursday, November 21st. Finally, BMO Capital Markets lowered their target price on Royal Bank of Canada from $195.00 to $193.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $156.50.

Royal Bank of Canada Price Performance

Shares of NYSE RY opened at $120.46 on Monday. The business’s 50 day moving average is $122.59 and its 200-day moving average is $119.40. The firm has a market cap of $170.29 billion, a P/E ratio of 14.58, a price-to-earnings-growth ratio of 1.77 and a beta of 0.87. Royal Bank of Canada has a 1-year low of $93.97 and a 1-year high of $128.05. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.11.

Royal Bank of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Monday, January 27th will be issued a $1.0522 dividend. The ex-dividend date is Monday, January 27th. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $1.03. This represents a $4.21 annualized dividend and a yield of 3.49%. Royal Bank of Canada’s payout ratio is currently 50.85%.

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.