Royal Bank Of Canada $RY Shares Sold by Fiera Capital Corp

Fiera Capital Corp decreased its position in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,539,315 shares of the financial services provider’s stock after selling 315,109 shares during the quarter. Royal Bank Of Canada comprises about 2.5% of Fiera Capital Corp’s investment portfolio, making the stock its 7th largest holding. Fiera Capital Corp’s holdings in Royal Bank Of Canada were worth $774,109,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Clearbridge Investments LLC raised its stake in shares of Royal Bank Of Canada by 4.2% during the fourth quarter. Clearbridge Investments LLC now owns 1,415,117 shares of the financial services provider’s stock valued at $241,263,000 after purchasing an additional 57,201 shares in the last quarter. Syon Capital LLC raised its stake in shares of Royal Bank Of Canada by 2.4% during the fourth quarter. Syon Capital LLC now owns 11,424 shares of the financial services provider’s stock valued at $1,948,000 after purchasing an additional 271 shares in the last quarter. Capital World Investors raised its stake in shares of Royal Bank Of Canada by 2,879.7% during the fourth quarter. Capital World Investors now owns 691,838 shares of the financial services provider’s stock valued at $117,943,000 after purchasing an additional 668,620 shares in the last quarter. Tacita Capital Inc raised its stake in shares of Royal Bank Of Canada by 1.3% during the fourth quarter. Tacita Capital Inc now owns 35,117 shares of the financial services provider’s stock valued at $5,990,000 after purchasing an additional 463 shares in the last quarter. Finally, Havemeyer Place LP bought a new stake in shares of Royal Bank Of Canada during the fourth quarter valued at about $2,086,000. 45.31% of the stock is currently owned by institutional investors.

Royal Bank Of Canada Price Performance

Shares of Royal Bank Of Canada stock opened at $194.25 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.09. The company’s 50-day moving average price is $178.35 and its two-hundred day moving average price is $170.19. Royal Bank Of Canada has a 52 week low of $126.02 and a 52 week high of $195.53. The stock has a market cap of $269.96 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 1.53 and a beta of 0.81.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its quarterly earnings results on Thursday, May 28th. The financial services provider reported $2.84 EPS for the quarter, topping the consensus estimate of $2.81 by $0.03. Royal Bank Of Canada had a net margin of 15.92% and a return on equity of 17.83%. The firm had revenue of $12.84 billion for the quarter, compared to analysts’ expectations of $12.74 billion. During the same period in the previous year, the business earned $3.12 earnings per share. Royal Bank Of Canada’s revenue for the quarter was up 11.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Royal Bank Of Canada will post 11.52 EPS for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Monday, July 27th will be given a $1.76 dividend. This represents a $7.04 annualized dividend and a yield of 3.6%. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $1.64. The ex-dividend date is Monday, July 27th. Royal Bank Of Canada’s dividend payout ratio (DPR) is presently 42.41%.

Analyst Upgrades and Downgrades

RY has been the topic of a number of recent analyst reports. Raymond James Financial cut shares of Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 12th. TD Securities restated a “buy” rating on shares of Royal Bank Of Canada in a research note on Friday, May 29th. Scotiabank restated an “outperform” rating on shares of Royal Bank Of Canada in a research note on Monday, June 1st. Barclays restated an “overweight” rating on shares of Royal Bank Of Canada in a research note on Thursday, February 19th. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Royal Bank Of Canada in a research note on Friday, May 29th. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $162.00.

About Royal Bank Of Canada

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.