Royal Bank of Canada (NYSE:RY) Shares Bought by Unigestion Holding SA

Unigestion Holding SA raised its stake in shares of Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 48.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 210,566 shares of the financial services provider's stock after acquiring an additional 68,939 shares during the period. Royal Bank of Canada makes up 1.4% of Unigestion Holding SA's investment portfolio, making the stock its 22nd biggest holding. Unigestion Holding SA's holdings in Royal Bank of Canada were worth $23,705,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Brighton Jones LLC raised its position in Royal Bank of Canada by 33.1% in the fourth quarter. Brighton Jones LLC now owns 2,313 shares of the financial services provider's stock worth $279,000 after acquiring an additional 575 shares in the last quarter. DAVENPORT & Co LLC grew its holdings in Royal Bank of Canada by 0.8% in the fourth quarter. DAVENPORT & Co LLC now owns 12,466 shares of the financial services provider's stock valued at $1,502,000 after purchasing an additional 101 shares during the last quarter. Richardson Financial Services Inc. raised its stake in shares of Royal Bank of Canada by 45.7% during the 4th quarter. Richardson Financial Services Inc. now owns 306 shares of the financial services provider's stock worth $37,000 after buying an additional 96 shares during the last quarter. CENTRAL TRUST Co boosted its position in shares of Royal Bank of Canada by 5.3% in the 4th quarter. CENTRAL TRUST Co now owns 2,270 shares of the financial services provider's stock worth $274,000 after buying an additional 115 shares in the last quarter. Finally, Baskin Financial Services Inc. increased its holdings in Royal Bank of Canada by 31.3% during the 4th quarter. Baskin Financial Services Inc. now owns 59,849 shares of the financial services provider's stock valued at $7,212,000 after acquiring an additional 14,250 shares in the last quarter. 45.31% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Scotiabank assumed coverage on Royal Bank of Canada in a research note on Thursday, May 15th. They issued a "sector outperform" rating on the stock. National Bank Financial downgraded shares of Royal Bank of Canada from an "outperform" rating to a "sector perform" rating in a report on Friday, May 30th. Wall Street Zen lowered shares of Royal Bank of Canada from a "hold" rating to a "sell" rating in a report on Saturday. Cibc World Mkts upgraded shares of Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 3rd. Finally, CIBC restated an "outperform" rating on shares of Royal Bank of Canada in a report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Royal Bank of Canada presently has a consensus rating of "Moderate Buy" and an average target price of $156.50.

Royal Bank of Canada Stock Down 0.1%

Shares of NYSE RY traded down $0.08 during midday trading on Wednesday, reaching $127.41. 800,506 shares of the company's stock were exchanged, compared to its average volume of 1,134,136. The business's fifty day moving average price is $119.29 and its two-hundred day moving average price is $119.71. The stock has a market capitalization of $180.21 billion, a PE ratio of 15.42, a price-to-earnings-growth ratio of 1.80 and a beta of 0.89. Royal Bank of Canada has a 52-week low of $102.44 and a 52-week high of $129.46. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.86 and a current ratio of 0.86.

Royal Bank of Canada (NYSE:RY - Get Free Report) TSE: RY last released its quarterly earnings data 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 net margin of 12.08% and a return on equity of 15.26%. The company had revenue of $11.38 billion for the quarter, compared to analyst estimates of $15.77 billion. The company's revenue for the quarter was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.92 EPS. Analysts forecast that Royal Bank of Canada will post 9.16 EPS 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 paid a dividend of $1.1152 per share. This represents a $4.46 dividend on an annualized basis and a yield of 3.50%. This is a positive change from Royal Bank of Canada's previous quarterly dividend of $1.03. The ex-dividend date is Thursday, July 24th. Royal Bank of Canada's payout ratio is presently 47.56%.

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.