Banque Cantonale Vaudoise Has $1.09 Million Stock Holdings in Royal Bank of Canada (NYSE:RY)

Banque Cantonale Vaudoise trimmed its holdings in Royal Bank of Canada (NYSE:RY) (TSE:RY) by 4.6% in the 1st quarter, HoldingsChannel.com reports. The fund owned 10,748 shares of the financial services provider’s stock after selling 515 shares during the quarter. Banque Cantonale Vaudoise’s holdings in Royal Bank of Canada were worth $1,085,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of RY. Cigna Investments Inc. New raised its stake in Royal Bank of Canada by 0.5% during the 4th quarter. Cigna Investments Inc. New now owns 26,187 shares of the financial services provider’s stock valued at $2,661,000 after purchasing an additional 131 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of Royal Bank of Canada by 1.2% in the fourth quarter. Pacer Advisors Inc. now owns 13,008 shares of the financial services provider’s stock valued at $1,315,000 after buying an additional 154 shares during the period. Raymond James Trust N.A. lifted its stake in shares of Royal Bank of Canada by 2.0% in the fourth quarter. Raymond James Trust N.A. now owns 7,830 shares of the financial services provider’s stock valued at $792,000 after buying an additional 157 shares during the period. Founders Financial Alliance LLC increased its stake in Royal Bank of Canada by 1.5% during the fourth quarter. Founders Financial Alliance LLC now owns 11,075 shares of the financial services provider’s stock valued at $1,120,000 after acquiring an additional 168 shares during the period. Finally, CWM LLC increased its stake in Royal Bank of Canada by 7.9% during the fourth quarter. CWM LLC now owns 2,384 shares of the financial services provider’s stock valued at $241,000 after acquiring an additional 175 shares during the period. Institutional investors and hedge funds own 45.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. BMO Capital Markets downgraded Royal Bank of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 31st. Argus lifted their price target on shares of Royal Bank of Canada from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. StockNews.com raised shares of Royal Bank of Canada from a “sell” rating to a “hold” rating in a report on Friday, May 31st. Jefferies Financial Group raised shares of Royal Bank of Canada from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Finally, Barclays assumed coverage on shares of Royal Bank of Canada in a research note on Wednesday, March 20th. They issued an “equal weight” rating on the stock. Three 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’s stock. According to data from MarketBeat, Royal Bank of Canada presently has an average rating of “Moderate Buy” and a consensus price target of $133.25.

Royal Bank of Canada Stock Performance

Shares of NYSE:RY opened at $103.63 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.87 and a quick ratio of 0.87. The business’s fifty day moving average price is $102.96 and its two-hundred day moving average price is $100.16. Royal Bank of Canada has a fifty-two week low of $77.90 and a fifty-two week high of $109.51. The stock has a market capitalization of $146.64 billion, a price-to-earnings ratio of 12.86, a price-to-earnings-growth ratio of 1.63 and a beta of 0.87.

Royal Bank of Canada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Thursday, July 25th will be issued a $1.03 dividend. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $1.02. The ex-dividend date is Thursday, July 25th. This represents a $4.12 annualized dividend and a dividend yield of 3.98%. Royal Bank of Canada’s dividend payout ratio is presently 50.62%.

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.