Royal Bank of Canada (RY) Shares Bought by Natixis

Natixis boosted its stake in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 40.7% in the 2nd quarter, HoldingsChannel reports. The fund owned 49,505 shares of the financial services provider’s stock after buying an additional 14,320 shares during the period. Natixis’ holdings in Royal Bank of Canada were worth $3,693,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in RY. Eaton Vance Management raised its position in Royal Bank of Canada by 1.5% during the first quarter. Eaton Vance Management now owns 48,435 shares of the financial services provider’s stock valued at $3,744,000 after acquiring an additional 700 shares in the last quarter. Neuberger Berman Group LLC grew its holdings in Royal Bank of Canada by 4.1% in the first quarter. Neuberger Berman Group LLC now owns 67,077 shares of the financial services provider’s stock valued at $5,243,000 after purchasing an additional 2,643 shares during the period. US Bancorp DE grew its holdings in Royal Bank of Canada by 1.4% in the first quarter. US Bancorp DE now owns 71,425 shares of the financial services provider’s stock valued at $5,521,000 after purchasing an additional 995 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in Royal Bank of Canada by 2.4% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 31,020 shares of the financial services provider’s stock valued at $2,398,000 after purchasing an additional 716 shares during the period. Finally, Trillium Asset Management LLC grew its holdings in Royal Bank of Canada by 4.9% in the first quarter. Trillium Asset Management LLC now owns 50,631 shares of the financial services provider’s stock valued at $3,913,000 after purchasing an additional 2,377 shares during the period. Institutional investors own 40.05% of the company’s stock.

Shares of NYSE:RY opened at $79.08 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $114.38 billion, a PE ratio of 13.05, a PEG ratio of 1.58 and a beta of 1.15. Royal Bank of Canada has a 1 year low of $73.92 and a 1 year high of $87.10.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 23rd. Stockholders of record on Thursday, October 25th will be paid a $0.753 dividend. The ex-dividend date is Wednesday, October 24th. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $0.73. This represents a $3.01 dividend on an annualized basis and a dividend yield of 3.81%. Royal Bank of Canada’s payout ratio is currently 47.19%.

Several brokerages have commented on RY. ValuEngine raised Royal Bank of Canada from a “sell” rating to a “hold” rating in a report on Thursday, August 23rd. Scotia Howard Weill raised Royal Bank of Canada from a “sector perform” rating to a “sector outperform” rating in a report on Monday, September 10th. Howard Weil raised Royal Bank of Canada from a “sector perform” rating to a “sector outperform” rating in a report on Monday, September 10th. Scotiabank raised Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a report on Monday, September 10th. Finally, Zacks Investment Research lowered Royal Bank of Canada from a “hold” rating to a “sell” rating in a report on Tuesday, August 14th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $97.20.

About Royal Bank of Canada

Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers personal and business banking services, as well as auto financing and retail investment products. This segment also provides a suite of financial products and services to individual, business clients, and public institutions through its branch, automated teller machines, online, mobile, and telephone banking networks, as well as through sales professionals.

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Institutional Ownership by Quarter for Royal Bank of Canada (NYSE:RY)

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