Natixis Advisors LLC Acquires 7,199 Shares of Royal Bank Of Canada $RY

Natixis Advisors LLC lifted its holdings in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 6.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,610 shares of the financial services provider’s stock after purchasing an additional 7,199 shares during the period. Natixis Advisors LLC’s holdings in Royal Bank Of Canada were worth $18,652,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RY. EverSource Wealth Advisors LLC raised its position in Royal Bank Of Canada by 1.6% in the third quarter. EverSource Wealth Advisors LLC now owns 4,836 shares of the financial services provider’s stock worth $713,000 after acquiring an additional 74 shares during the period. Advisory Resource Group grew its position in shares of Royal Bank Of Canada by 0.8% during the 3rd quarter. Advisory Resource Group now owns 9,110 shares of the financial services provider’s stock valued at $1,342,000 after acquiring an additional 75 shares during the period. Ballentine Partners LLC grew its position in shares of Royal Bank Of Canada by 1.5% during the 3rd quarter. Ballentine Partners LLC now owns 5,153 shares of the financial services provider’s stock valued at $759,000 after acquiring an additional 75 shares during the period. Knights of Columbus Asset Advisors LLC increased its stake in shares of Royal Bank Of Canada by 2.4% during the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 3,396 shares of the financial services provider’s stock worth $500,000 after purchasing an additional 80 shares during the last quarter. Finally, Benjamin Edwards Inc. raised its holdings in shares of Royal Bank Of Canada by 2.6% in the 3rd quarter. Benjamin Edwards Inc. now owns 3,247 shares of the financial services provider’s stock worth $478,000 after purchasing an additional 81 shares during the period. 45.31% of the stock is owned by hedge funds and other institutional investors.

Royal Bank Of Canada Stock Performance

Shares of RY opened at $165.07 on Thursday. Royal Bank Of Canada has a 12-month low of $106.10 and a 12-month high of $176.19. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.09. The company has a market cap of $230.72 billion, a PE ratio of 15.80, a price-to-earnings-growth ratio of 1.25 and a beta of 0.79. The stock has a 50-day moving average price of $169.11 and a 200-day moving average price of $157.55.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings data on Thursday, February 26th. The financial services provider reported $2.94 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.13. Royal Bank Of Canada had a net margin of 15.28% and a return on equity of 17.12%. The company had revenue of $13.18 billion for the quarter, compared to analysts’ expectations of $12.60 billion. During the same period in the prior year, the business earned $3.62 earnings per share. Royal Bank Of Canada’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities analysts forecast that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal year.

Royal Bank Of Canada Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Thursday, April 23rd will be issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Thursday, April 23rd. Royal Bank Of Canada’s payout ratio is currently 45.93%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Jefferies Financial Group lowered Royal Bank Of Canada from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. National Bank Financial restated an “outperform” rating on shares of Royal Bank Of Canada in a research note on Thursday, December 4th. Barclays reiterated an “overweight” rating on shares of Royal Bank Of Canada in a research note on Thursday, February 19th. Zacks Research lowered Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Finally, Raymond James Financial restated an “outperform” rating on shares of Royal Bank Of Canada in a research note on Friday, February 13th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Royal Bank Of Canada presently has an average rating of “Moderate Buy” and a consensus price target of $162.00.

Royal Bank Of Canada Company Profile

Royal Bank of Canada (NYSE: RY) is a diversified financial services company and one of Canada’s largest banks. Founded in 1864 in Halifax, Nova Scotia, the firm is now headquartered in Toronto, Ontario. It provides a broad range of banking and financial services to individuals, businesses, and institutional clients through a network of branches, digital platforms and international offices.

RBC operates across several principal business segments including personal and commercial banking, wealth management, insurance, investor and treasury services, capital markets, and global asset management.