4,058 Shares in Royal Bank Of Canada (RY) Purchased by Trexquant Investment LP

Trexquant Investment LP purchased a new stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,058 shares of the financial services provider’s stock, valued at approximately $314,000.

Other hedge funds also recently bought and sold shares of the company. Quadrant Capital Group LLC lifted its stake in shares of Royal Bank Of Canada by 4.0% in the 2nd quarter. Quadrant Capital Group LLC now owns 1,709 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 65 shares during the period. Mckinley Capital Management LLC Delaware acquired a new position in shares of Royal Bank Of Canada in the 2nd quarter valued at $191,000. Proficio Capital Partners LLC lifted its stake in shares of Royal Bank Of Canada by 1.2% in the 2nd quarter. Proficio Capital Partners LLC now owns 2,124 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 26 shares during the period. Asset Advisors Corp acquired a new position in shares of Royal Bank Of Canada in the 3rd quarter valued at $178,000. Finally, Holderness Investments Co. bought a new stake in shares of Royal Bank Of Canada in the 3rd quarter valued at $203,000. 40.54% of the stock is currently owned by institutional investors.

RY has been the subject of a number of recent analyst reports. BMO Capital Markets restated a “hold” rating and issued a $102.00 price objective on shares of Royal Bank Of Canada in a research report on Wednesday, November 29th. Zacks Investment Research cut shares of Royal Bank Of Canada from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Macquarie initiated coverage on shares of Royal Bank Of Canada in a research report on Tuesday, October 24th. They issued an “underperform” rating for the company. BidaskClub upgraded shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Finally, Canaccord Genuity restated a “hold” rating and issued a $105.00 price objective on shares of Royal Bank Of Canada in a research report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the stock. Royal Bank Of Canada currently has a consensus rating of “Hold” and a consensus target price of $93.60.

Royal Bank Of Canada (NYSE RY) traded down $0.34 during mid-day trading on Wednesday, reaching $79.46. The company’s stock had a trading volume of 1,178,700 shares, compared to its average volume of 980,597. The company has a market cap of $115,941.27, a PE ratio of 13.83, a PEG ratio of 1.79 and a beta of 1.07. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 0.90. Royal Bank Of Canada has a 52-week low of $66.03 and a 52-week high of $80.98.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Thursday, January 25th will be issued a dividend of $0.7157 per share. This represents a $2.86 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Wednesday, January 24th. Royal Bank Of Canada’s dividend payout ratio (DPR) is presently 49.83%.

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Royal Bank Of Canada Company Profile

Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.

Institutional Ownership by Quarter for Royal Bank Of Canada (NYSE:RY)

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