Natixis Advisors LLC Has $15.62 Million Stake in Royal Bank of Canada (NYSE:RY)

Natixis Advisors LLC increased its position in Royal Bank of Canada (NYSE:RY) (TSE:RY) by 6.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 129,647 shares of the financial services provider’s stock after purchasing an additional 7,424 shares during the period. Natixis Advisors LLC’s holdings in Royal Bank of Canada were worth $15,624,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dunhill Financial LLC acquired a new position in Royal Bank of Canada in the 3rd quarter worth approximately $25,000. Larson Financial Group LLC acquired a new position in Royal Bank of Canada in the 3rd quarter worth approximately $26,000. Roxbury Financial LLC acquired a new position in Royal Bank of Canada in the 4th quarter worth approximately $29,000. Jackson Grant Investment Advisers Inc. acquired a new position in Royal Bank of Canada in the 4th quarter worth approximately $36,000. Finally, Kieckhefer Group LLC acquired a new position in Royal Bank of Canada in the 4th quarter worth approximately $36,000. Institutional investors and hedge funds own 45.31% of the company’s stock.

Wall Street Analyst Weigh In

RY has been the subject of a number of research analyst reports. Barclays upgraded shares of Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a research report on Thursday, November 21st. 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. CIBC reiterated a “neutral” rating on shares of Royal Bank of Canada in a research report on Wednesday, March 5th. Finally, BMO Capital Markets cut their target price on shares of Royal Bank of Canada from $195.00 to $193.00 and set an “outperform” rating for the company in a research report on Thursday, December 5th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.50.

Royal Bank of Canada Stock Down 0.2 %

Royal Bank of Canada stock opened at $112.45 on Wednesday. The company has a market capitalization of $158.74 billion, a P/E ratio of 13.61, a P/E/G ratio of 1.80 and a beta of 0.88. The firm’s fifty day simple moving average is $118.26 and its 200-day simple moving average is $121.43. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.11. Royal Bank of Canada has a 1-year low of $95.84 and a 1-year high of $128.05.

Royal Bank of Canada Cuts Dividend

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

About Royal Bank of Canada

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.