Altrius Capital Management Inc Buys 2,165 Shares of Royal Bank of Canada (NYSE:RY)

Altrius Capital Management Inc increased its holdings in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 3.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 67,790 shares of the financial services provider’s stock after purchasing an additional 2,165 shares during the period. Royal Bank of Canada makes up about 1.9% of Altrius Capital Management Inc’s holdings, making the stock its 11th biggest position. Altrius Capital Management Inc’s holdings in Royal Bank of Canada were worth $6,856,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Banque Cantonale Vaudoise acquired a new position in shares of Royal Bank of Canada during the third quarter valued at about $26,000. Stonehage Fleming Financial Services Holdings Ltd bought a new position in Royal Bank of Canada in the 3rd quarter worth about $34,000. Cullen Frost Bankers Inc. bought a new stake in Royal Bank of Canada during the third quarter valued at $44,000. Addison Advisors LLC raised its holdings in shares of Royal Bank of Canada by 131.0% in the 4th quarter. Addison Advisors LLC now owns 529 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 300 shares in the last quarter. Finally, Janiczek Wealth Management LLC lifted its holdings in shares of Royal Bank of Canada by 36.8% during the 4th quarter. Janiczek Wealth Management LLC now owns 733 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 197 shares during the last quarter. 45.31% of the stock is owned by institutional investors.

Royal Bank of Canada Price Performance

Royal Bank of Canada stock traded down $0.17 during mid-day trading on Monday, reaching $97.99. 575,697 shares of the company’s stock traded hands, compared to its average volume of 1,221,646. The stock has a 50 day moving average of $99.11 and a two-hundred day moving average of $94.87. Royal Bank of Canada has a 12-month low of $77.90 and a 12-month high of $103.88. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.11. The company has a market cap of $138.63 billion, a price-to-earnings ratio of 12.37, a PEG ratio of 1.69 and a beta of 0.86.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last issued its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $2.11 earnings per share for the quarter, topping the consensus estimate of $2.06 by $0.05. The company had revenue of $9.98 billion for the quarter, compared to analysts’ expectations of $10.10 billion. Royal Bank of Canada had a return on equity of 14.74% and a net margin of 12.43%. Equities analysts forecast that Royal Bank of Canada will post 8.45 earnings per share for the current year.

Royal Bank of Canada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, April 25th will be paid a $1.0207 dividend. The ex-dividend date of this dividend is Wednesday, April 24th. This represents a $4.08 annualized dividend and a dividend yield of 4.17%. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $1.02. Royal Bank of Canada’s dividend payout ratio is currently 25.31%.

Analyst Upgrades and Downgrades

RY has been the subject of several research analyst reports. Barclays initiated coverage on Royal Bank of Canada in a report on Wednesday, March 20th. They issued an “equal weight” rating for the company. StockNews.com cut shares of Royal Bank of Canada from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. BMO Capital Markets upgraded Royal Bank of Canada from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $140.00 to $150.00 in a research note on Friday, April 5th. Finally, Jefferies Financial Group started coverage on shares of Royal Bank of Canada in a research report on Thursday, February 22nd. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $137.67.

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.