Unigestion Holding SA Sells 23,018 Shares of Royal Bank of Canada (NYSE:RY)

Unigestion Holding SA lessened its position in shares of Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 14.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 141,627 shares of the financial services provider's stock after selling 23,018 shares during the period. Unigestion Holding SA's holdings in Royal Bank of Canada were worth $17,055,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Dunhill Financial LLC bought a new stake in shares of Royal Bank of Canada during the 3rd quarter valued at about $25,000. WealthTrak Capital Management LLC bought a new position in shares of Royal Bank of Canada during the 4th quarter worth approximately $28,000. Roxbury Financial LLC bought a new position in shares of Royal Bank of Canada during the 4th quarter worth approximately $29,000. Kieckhefer Group LLC acquired a new stake in shares of Royal Bank of Canada during the 4th quarter worth approximately $36,000. Finally, Crews Bank & Trust bought a new stake in shares of Royal Bank of Canada in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 45.31% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on RY shares. CIBC raised shares of Royal Bank of Canada from a "neutral" rating to a "sector outperform" rating in a research note on Friday, April 4th. StockNews.com upgraded Royal Bank of Canada from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Finally, Cibc World Mkts raised Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 3rd. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Royal Bank of Canada currently has a consensus rating of "Buy" and an average target price of $156.50.

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Royal Bank of Canada Stock Up 2.4 %

Shares of NYSE:RY traded up $2.61 during midday trading on Friday, hitting $112.56. 535,681 shares of the company's stock were exchanged, compared to its average volume of 1,090,687. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.86 and a quick ratio of 0.86. Royal Bank of Canada has a 12 month low of $95.84 and a 12 month high of $128.05. The company has a market cap of $158.90 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 1.80 and a beta of 0.82. The stock has a 50 day moving average price of $115.24 and a 200-day moving average price of $120.20.

Royal Bank of Canada Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be paid a $1.0251 dividend. This represents a $4.10 annualized dividend and a dividend yield of 3.64%. The ex-dividend date of this dividend is Thursday, April 24th. Royal Bank of Canada's dividend payout ratio (DPR) is presently 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.