Royal Bank of Canada (NYSE:RY) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC increased its holdings in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 6.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. OneDigital Investment Advisors LLC increased its stake in shares of Royal Bank of Canada by 4.8% in the third quarter. OneDigital Investment Advisors LLC now owns 2,508 shares of the financial services provider’s stock valued at $313,000 after purchasing an additional 115 shares during the period. Prudent Man Advisors LLC acquired a new stake in shares of Royal Bank of Canada in the third quarter valued at approximately $220,000. Drive Wealth Management LLC increased its stake in shares of Royal Bank of Canada by 3.4% in the third quarter. Drive Wealth Management LLC now owns 2,799 shares of the financial services provider’s stock valued at $349,000 after purchasing an additional 92 shares during the period. Caprock Group LLC increased its stake in shares of Royal Bank of Canada by 15.4% in the third quarter. Caprock Group LLC now owns 7,296 shares of the financial services provider’s stock valued at $910,000 after purchasing an additional 971 shares during the period. Finally, BIP Wealth LLC acquired a new stake in shares of Royal Bank of Canada in the third quarter valued at approximately $364,000. Institutional investors and hedge funds own 45.31% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on RY shares. CIBC reiterated a “neutral” rating on shares of Royal Bank of Canada in a research note on Wednesday, March 5th. StockNews.com upgraded shares of Royal Bank of Canada from a “sell” rating to a “hold” rating in a research note on Friday, February 28th. Barclays upgraded shares of Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a research note on Thursday, November 21st. Finally, BMO Capital Markets lowered their price objective on shares of Royal Bank of Canada from $195.00 to $193.00 and set an “outperform” rating on the stock in a research note on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Royal Bank of Canada has a consensus rating of “Moderate Buy” and an average price target of $156.50.

Royal Bank of Canada Trading Down 0.2 %

Shares of NYSE:RY opened at $112.45 on Wednesday. The stock has a market capitalization of $158.74 billion, a price-to-earnings ratio of 13.61, a PEG ratio of 1.80 and a beta of 0.88. Royal Bank of Canada has a 1-year low of $95.84 and a 1-year high of $128.05. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.86 and a current ratio of 0.86. The company has a 50 day moving average price of $118.26 and a 200 day moving average price of $121.43.

Royal Bank of Canada Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 24th will be issued a dividend of $1.0251 per share. This represents a $4.10 dividend on an annualized basis and a yield of 3.65%. The ex-dividend date of this dividend is Thursday, April 24th. Royal Bank of Canada’s payout ratio is 45.96%.

Royal Bank of Canada 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.