Unigestion Holding SA Purchases 81,582 Shares of Royal Bank of Canada (NYSE:RY)

Unigestion Holding SA grew its position in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 98.2% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 164,645 shares of the financial services provider’s stock after buying an additional 81,582 shares during the quarter. Unigestion Holding SA’s holdings in Royal Bank of Canada were worth $20,547,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Geode Capital Management LLC boosted its holdings in shares of Royal Bank of Canada by 9.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,390,914 shares of the financial services provider’s stock worth $805,616,000 after buying an additional 541,760 shares during the last quarter. Barclays PLC boosted its stake in Royal Bank of Canada by 3.1% in the third quarter. Barclays PLC now owns 8,831 shares of the financial services provider’s stock valued at $1,101,000 after acquiring an additional 268 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Royal Bank of Canada during the 3rd quarter valued at approximately $42,072,000. Dunhill Financial LLC purchased a new stake in shares of Royal Bank of Canada during the 3rd quarter worth approximately $25,000. Finally, Orion Portfolio Solutions LLC raised its holdings in shares of Royal Bank of Canada by 3.4% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 17,729 shares of the financial services provider’s stock worth $2,211,000 after purchasing an additional 577 shares during the period. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Royal Bank of Canada Stock Down 0.0 %

Shares of NYSE RY opened at $125.94 on Wednesday. The stock has a market capitalization of $178.04 billion, a P/E ratio of 15.25, a PEG ratio of 1.89 and a beta of 0.86. Royal Bank of Canada has a one year low of $91.77 and a one year high of $128.05. The firm’s 50 day simple moving average is $123.84 and its two-hundred day simple moving average is $116.32. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.86 and a quick ratio of 0.86.

Royal Bank of Canada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Monday, January 27th will be issued a dividend of $1.0522 per share. The ex-dividend date is Monday, January 27th. This represents a $4.21 annualized dividend and a dividend yield of 3.34%. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $1.03. Royal Bank of Canada’s dividend payout ratio (DPR) is currently 52.91%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on RY. TD Securities lowered Royal Bank of Canada from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Barclays upgraded shares of Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a research note on Thursday, November 21st. Finally, BMO Capital Markets cut their price objective on Royal Bank of Canada from $195.00 to $193.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $156.50.

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.