Natixis Advisors LLC grew its stake in Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 6.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,647 shares of the financial services provider's stock after acquiring an additional 7,424 shares during the quarter. Natixis Advisors LLC's holdings in Royal Bank of Canada were worth $15,624,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Midwest Professional Planners LTD. raised its stake in Royal Bank of Canada by 10.0% during the fourth quarter. Midwest Professional Planners LTD. now owns 9,372 shares of the financial services provider's stock worth $1,129,000 after purchasing an additional 855 shares during the period. Intact Investment Management Inc. grew its stake in shares of Royal Bank of Canada by 7.8% during the fourth quarter. Intact Investment Management Inc. now owns 334,585 shares of the financial services provider's stock valued at $40,337,000 after acquiring an additional 24,245 shares in the last quarter. Aviso Financial Inc. grew its stake in Royal Bank of Canada by 3.8% during the 4th quarter. Aviso Financial Inc. now owns 210,389 shares of the financial services provider's stock valued at $25,361,000 after purchasing an additional 7,629 shares in the last quarter. Commonwealth Equity Services LLC raised its holdings in Royal Bank of Canada by 1.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 100,495 shares of the financial services provider's stock valued at $12,111,000 after acquiring an additional 1,200 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ increased its position in shares of Royal Bank of Canada by 1.8% in the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 189,391 shares of the financial services provider's stock worth $22,824,000 after purchasing an additional 3,300 shares during the last quarter. 45.31% of the stock is currently owned by hedge funds and other institutional investors.
Royal Bank of Canada Price Performance
Shares of NYSE RY traded down $0.11 during trading on Friday, hitting $113.71. The company had a trading volume of 758,358 shares, compared to its average volume of 1,006,192. 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 has a 52 week low of $95.84 and a 52 week high of $128.05. The company has a market cap of $160.52 billion, a P/E ratio of 13.77, a PEG ratio of 1.80 and a beta of 0.88. The business's 50-day moving average is $117.86 and its 200 day moving average is $121.28.
Royal Bank of Canada Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, April 24th will be paid a dividend of $1.0251 per share. This represents a $4.10 dividend on an annualized basis and a yield of 3.61%. The ex-dividend date is Thursday, April 24th. Royal Bank of Canada's dividend payout ratio is presently 45.96%.
Analyst Upgrades and Downgrades
RY has been the subject of a number of research analyst reports. BMO Capital Markets lowered their price target on Royal Bank of Canada from $195.00 to $193.00 and set an "outperform" rating for the company in a report on Thursday, December 5th. CIBC restated a "neutral" rating on shares of Royal Bank of Canada in a research report on Wednesday, March 5th. Finally, StockNews.com upgraded shares of Royal Bank of Canada from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Royal Bank of Canada presently has an average rating of "Moderate Buy" and an average price target of $156.50.
Get Our Latest Stock Report on RY
Royal Bank of Canada Profile
(
Free Report)
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.
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