Natixis Advisors LLC Has $15.25 Million Stake in Royal Bank of Canada (NYSE:RY)

Natixis Advisors LLC boosted its stake in shares of Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 3.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 122,223 shares of the financial services provider's stock after purchasing an additional 4,615 shares during the quarter. Natixis Advisors LLC's holdings in Royal Bank of Canada were worth $15,245,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Legal & General Group Plc raised its stake in shares of Royal Bank of Canada by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 10,504,593 shares of the financial services provider's stock worth $1,118,150,000 after buying an additional 190,341 shares in the last quarter. Creative Planning raised its position in shares of Royal Bank of Canada by 6.4% during the third quarter. Creative Planning now owns 211,411 shares of the financial services provider's stock worth $26,369,000 after purchasing an additional 12,693 shares during the period. CIBC Asset Management Inc raised its position in shares of Royal Bank of Canada by 0.9% during the third quarter. CIBC Asset Management Inc now owns 13,622,472 shares of the financial services provider's stock worth $1,706,833,000 after purchasing an additional 124,348 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in Royal Bank of Canada during the second quarter valued at $3,787,000. Finally, Acadian Asset Management LLC raised its position in Royal Bank of Canada by 55.1% during the first quarter. Acadian Asset Management LLC now owns 42,219 shares of the financial services provider's stock valued at $4,258,000 after buying an additional 15,000 shares during the period. Institutional investors and hedge funds own 45.31% of the company's stock.

Analyst Upgrades and Downgrades

RY has been the topic of a number of recent research reports. TD Securities downgraded Royal Bank of Canada from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. BMO Capital Markets boosted their target price on Royal Bank of Canada from $151.00 to $165.00 and gave the company an "outperform" rating in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $142.50.

Royal Bank of Canada Stock Down 1.2 %

Shares of RY traded down $1.44 during midday trading on Wednesday, hitting $121.46. The stock had a trading volume of 190,431 shares, compared to its average volume of 1,098,523. The company has a 50 day simple moving average of $123.37 and a two-hundred day simple moving average of $114.27. Royal Bank of Canada has a twelve month low of $85.02 and a twelve month high of $126.96. The firm has a market cap of $171.70 billion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 1.86 and a beta of 0.86. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.87 and a quick ratio of 0.87.

Royal Bank of Canada (NYSE:RY - Get Free Report) TSE: RY last released its earnings results on Wednesday, August 28th. The financial services provider reported $2.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.15 by $0.23. The business had revenue of $10.68 billion for the quarter, compared to the consensus estimate of $10.40 billion. Royal Bank of Canada had a return on equity of 15.17% and a net margin of 12.28%. On average, analysts anticipate that Royal Bank of Canada will post 8.88 EPS for the current year.

Royal Bank of Canada Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, October 24th will be given a $1.028 dividend. The ex-dividend date is Thursday, October 24th. This represents a $4.11 dividend on an annualized basis and a dividend yield of 3.39%. Royal Bank of Canada's payout ratio is 50.67%.

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.