Rodgers Brothers Inc. Sells 1,846 Shares of Royal Bank Of Canada (NYSE:RY)

Rodgers Brothers Inc. lessened its position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 23.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,897 shares of the financial services provider’s stock after selling 1,846 shares during the period. Rodgers Brothers Inc.’s holdings in Royal Bank Of Canada were worth $456,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Proficio Capital Partners LLC increased its holdings in Royal Bank Of Canada by 1.2% during the second quarter. Proficio Capital Partners LLC now owns 2,124 shares of the financial services provider’s stock valued at $159,000 after buying an additional 26 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of Royal Bank Of Canada by 4.0% in the second quarter. Quadrant Capital Group LLC now owns 1,709 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 65 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Royal Bank Of Canada by 2.6% in the second quarter. Parallel Advisors LLC now owns 4,179 shares of the financial services provider’s stock worth $312,000 after purchasing an additional 106 shares in the last quarter. Investment Management of Virginia LLC increased its stake in shares of Royal Bank Of Canada by 0.9% in the second quarter. Investment Management of Virginia LLC now owns 13,506 shares of the financial services provider’s stock worth $979,000 after purchasing an additional 121 shares in the last quarter. Finally, First Allied Advisory Services Inc. increased its stake in shares of Royal Bank Of Canada by 3.1% in the second quarter. First Allied Advisory Services Inc. now owns 5,039 shares of the financial services provider’s stock worth $368,000 after purchasing an additional 151 shares in the last quarter. Hedge funds and other institutional investors own 40.54% of the company’s stock.

A number of brokerages recently weighed in on RY. BMO Capital Markets restated a “hold” rating and set a $102.00 target price on shares of Royal Bank Of Canada in a research report on Wednesday, November 29th. BidaskClub upgraded shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Scotiabank lowered shares of Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a report on Monday, August 21st. Zacks Investment Research upgraded shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Howard Weil lowered shares of Royal Bank Of Canada to a “sector perform” rating in a report on Monday, August 21st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $93.60.

Royal Bank Of Canada (RY) traded up $0.15 during trading hours on Thursday, hitting $79.34. 957,310 shares of the stock were exchanged, compared to its average volume of 980,472. Royal Bank Of Canada has a twelve month low of $66.66 and a twelve month high of $80.98. The company has a market cap of $115,900.00, a PE ratio of 13.77, a P/E/G ratio of 1.79 and a beta of 1.07. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.14.

The business also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Thursday, January 25th will be paid a $0.7157 dividend. This represents a $2.86 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date is Wednesday, January 24th. Royal Bank Of Canada’s dividend payout ratio (DPR) is presently 48.56%.

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Royal Bank Of Canada 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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