Natixis Advisors LLC Has $12.82 Million Stock Position in Royal Bank Of Canada (NYSE:RY)

Key Points

• Natixis Advisors LLC reduced its stake in Royal Bank of Canada by 12.3%, holding 113,689 shares valued at approximately $12.82 million after selling 15,958 shares in Q1.
• Royal Bank of Canada announced a quarterly dividend of $1.1152 per share, representing a 3.4% yield, with a payout ratio of 50.33% and an increase from the previous dividend of $1.03.
• The stock's recent performance shows a trading price of $129.94 with a 12-month high of $134.26 and earnings per share of $2.20 for the latest quarter, missing estimates by $0.05.

Natixis Advisors LLC lowered its stake in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 12.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 113,689 shares of the financial services provider's stock after selling 15,958 shares during the period. Natixis Advisors LLC's holdings in Royal Bank Of Canada were worth $12,815,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in RY. TD Asset Management Inc boosted its holdings in Royal Bank Of Canada by 0.9% in the first quarter. TD Asset Management Inc now owns 31,515,404 shares of the financial services provider's stock valued at $3,549,520,000 after acquiring an additional 277,466 shares during the last quarter. Scotia Capital Inc. grew its holdings in shares of Royal Bank Of Canada by 1.9% during the 4th quarter. Scotia Capital Inc. now owns 8,891,023 shares of the financial services provider's stock worth $1,071,536,000 after purchasing an additional 169,437 shares during the period. Fiera Capital Corp increased its position in Royal Bank Of Canada by 2.3% during the 1st quarter. Fiera Capital Corp now owns 4,741,694 shares of the financial services provider's stock worth $534,661,000 after purchasing an additional 108,484 shares in the last quarter. Invesco Ltd. raised its holdings in Royal Bank Of Canada by 4.8% in the fourth quarter. Invesco Ltd. now owns 3,789,560 shares of the financial services provider's stock valued at $456,680,000 after buying an additional 172,829 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec lifted its position in Royal Bank Of Canada by 4.4% during the fourth quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,438,724 shares of the financial services provider's stock valued at $293,895,000 after buying an additional 102,370 shares in the last quarter. Institutional investors and hedge funds own 45.31% of the company's stock.

Royal Bank Of Canada Stock Performance

NYSE RY traded up $0.79 on Tuesday, hitting $130.71. The stock had a trading volume of 661,899 shares, compared to its average volume of 1,289,885. The stock has a market cap of $183.75 billion, a price-to-earnings ratio of 14.52, a P/E/G ratio of 1.49 and a beta of 0.89. The company's 50-day moving average is $129.84 and its two-hundred day moving average is $122.04. Royal Bank Of Canada has a one year low of $105.31 and a one year high of $134.26. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.11.

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last released its earnings results on Thursday, May 29th. The financial services provider reported $2.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.25 by ($0.05). Royal Bank Of Canada had a return on equity of 15.75% and a net margin of 13.37%. The firm had revenue of $11.38 billion for the quarter, compared to analyst estimates of $15.77 billion. During the same period in the previous year, the firm earned $2.92 earnings per share. Royal Bank Of Canada's revenue was up 10.7% on a year-over-year basis. On average, analysts expect that Royal Bank Of Canada will post 9.16 earnings per share for the current year.

Royal Bank Of Canada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Thursday, July 24th will be issued a $1.1152 dividend. The ex-dividend date is Thursday, July 24th. This is a positive change from Royal Bank Of Canada's previous quarterly dividend of $1.03. This represents a $4.46 annualized dividend and a dividend yield of 3.4%. Royal Bank Of Canada's dividend payout ratio is 50.33%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. National Bank Financial downgraded shares of Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a research report on Friday, May 30th. CIBC reissued an "outperform" rating on shares of Royal Bank Of Canada in a report on Tuesday, May 20th. Scotiabank started coverage on Royal Bank Of Canada in a report on Thursday, May 15th. They set a "sector outperform" rating on the stock. Wall Street Zen lowered Royal Bank Of Canada from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. Finally, Barclays restated an "overweight" rating on shares of Royal Bank Of Canada in a research report on Monday, June 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $193.00.

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.