Fiera Capital Corp Buys 115,706 Shares of Royal Bank of Canada (NYSE:RY)

Fiera Capital Corp grew its stake in Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 2.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,491,570 shares of the financial services provider's stock after acquiring an additional 115,706 shares during the quarter. Royal Bank of Canada accounts for 1.4% of Fiera Capital Corp's holdings, making the stock its 22nd biggest position. Fiera Capital Corp owned 0.32% of Royal Bank of Canada worth $455,721,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Daiwa Securities Group Inc. lifted its holdings in Royal Bank of Canada by 2,000.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 3,150 shares of the financial services provider's stock valued at $275,000 after purchasing an additional 3,000 shares during the last quarter. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in Royal Bank of Canada in the third quarter valued at about $34,000. M&T Bank Corp raised its stake in Royal Bank of Canada by 0.8% in the third quarter. M&T Bank Corp now owns 55,632 shares of the financial services provider's stock valued at $4,865,000 after purchasing an additional 438 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new position in Royal Bank of Canada in the third quarter valued at about $44,000. Finally, Duality Advisers LP raised its stake in Royal Bank of Canada by 36.0% in the third quarter. Duality Advisers LP now owns 36,743 shares of the financial services provider's stock valued at $3,213,000 after purchasing an additional 9,722 shares in the last quarter. 45.31% of the stock is owned by institutional investors.

Royal Bank of Canada Trading Up 0.8 %

Royal Bank of Canada stock traded up $0.82 during trading hours on Friday, reaching $106.81. The company had a trading volume of 1,492,648 shares, compared to its average volume of 1,188,106. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.89 and a quick ratio of 0.89. The company has a 50-day moving average price of $100.37 and a 200 day moving average price of $96.80. The firm has a market cap of $151.11 billion, a price-to-earnings ratio of 13.45, a P/E/G ratio of 1.80 and a beta of 0.85. Royal Bank of Canada has a 12-month low of $77.90 and a 12-month high of $106.87.

Royal Bank of Canada (NYSE:RY - Get Free Report) TSE: RY last announced its quarterly earnings results on Wednesday, February 28th. The financial services provider reported $2.11 EPS for the quarter, topping analysts' consensus estimates of $2.06 by $0.05. The business had revenue of $9.98 billion for the quarter, compared to analysts' expectations of $10.10 billion. Royal Bank of Canada had a return on equity of 14.74% and a net margin of 12.43%. Equities analysts forecast that Royal Bank of Canada will post 8.52 earnings per share for the current year.

Royal Bank of Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, April 25th will be given a $1.0207 dividend. This is a positive change from Royal Bank of Canada's previous quarterly dividend of $1.02. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date is Wednesday, April 24th. Royal Bank of Canada's dividend payout ratio (DPR) is currently 51.39%.

Analysts Set New Price Targets

Several analysts recently commented on the company. Barclays assumed coverage on Royal Bank of Canada in a report on Wednesday, March 20th. They issued an "equal weight" rating on the stock. Jefferies Financial Group upgraded Royal Bank of Canada from a "hold" rating to a "buy" rating in a report on Monday. BMO Capital Markets upgraded Royal Bank of Canada from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $140.00 to $150.00 in a report on Friday, April 5th. Finally, StockNews.com cut Royal Bank of Canada from a "hold" rating to a "sell" rating in a report on Tuesday, February 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $137.67.

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.

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