Edmond DE Rothschild Holding S.A. Makes New $416,000 Investment in Royal Bank of Canada (NYSE:RY)

Edmond DE Rothschild Holding S.A. acquired a new stake in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,454 shares of the financial services provider’s stock, valued at approximately $416,000.

Several other hedge funds also recently made changes to their positions in RY. Dunhill Financial LLC purchased a new position in Royal Bank of Canada in the 3rd quarter worth about $25,000. Roxbury Financial LLC acquired a new position in shares of Royal Bank of Canada in the fourth quarter worth about $29,000. WealthTrak Capital Management LLC purchased a new position in shares of Royal Bank of Canada in the fourth quarter worth approximately $28,000. Jackson Grant Investment Advisers Inc. acquired a new stake in shares of Royal Bank of Canada during the fourth quarter valued at approximately $36,000. Finally, Kieckhefer Group LLC purchased a new stake in shares of Royal Bank of Canada in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 45.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RY. 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 on the stock in a research report on Thursday, December 5th. CIBC reiterated a “neutral” rating on shares of Royal Bank of Canada in a report on Wednesday, March 5th. Finally, StockNews.com raised Royal Bank of Canada from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $156.50.

Royal Bank of Canada Trading Up 0.8 %

NYSE:RY opened at $113.67 on Wednesday. The stock’s 50 day moving average price is $117.10 and its 200 day moving average price is $120.88. Royal Bank of Canada has a 52 week low of $95.84 and a 52 week high of $128.05. The company has a market capitalization of $160.47 billion, a P/E ratio of 13.76, a P/E/G ratio of 1.80 and a beta of 0.88. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.86 and a current ratio of 0.86.

Royal Bank of Canada Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.61%. Royal Bank of Canada’s dividend payout ratio is currently 45.96%.

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.