Unigestion Holding SA Has $20.55 Million Position in Royal Bank of Canada (NYSE:RY)

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

Several other institutional investors and hedge funds also recently made changes to their positions in the business. FMR LLC boosted its stake in Royal Bank of Canada by 75.8% during the third quarter. FMR LLC now owns 17,866,021 shares of the financial services provider’s stock worth $2,229,834,000 after acquiring an additional 7,702,585 shares in the last quarter. National Bank of Canada FI boosted its position in shares of Royal Bank of Canada by 16.7% during the 2nd quarter. National Bank of Canada FI now owns 20,232,204 shares of the financial services provider’s stock worth $2,141,681,000 after purchasing an additional 2,901,033 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of Royal Bank of Canada by 165.1% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,896,755 shares of the financial services provider’s stock valued at $361,532,000 after buying an additional 1,804,022 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Royal Bank of Canada in the 3rd quarter valued at about $153,217,000. Finally, Geode Capital Management LLC increased its position in 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 valued at $805,616,000 after buying an additional 541,760 shares in the last quarter. Institutional investors own 45.31% of the company’s stock.

Royal Bank of Canada Stock Down 0.0 %

RY stock opened at $125.94 on Wednesday. The firm has a market capitalization of $178.04 billion, a PE ratio of 15.25, a P/E/G ratio of 1.89 and a beta of 0.86. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.11. Royal Bank of Canada has a twelve month low of $91.77 and a twelve month high of $128.05. The stock’s 50 day moving average is $123.84 and its 200-day moving average is $116.32.

Royal Bank of Canada Increases Dividend

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

Analyst Upgrades and Downgrades

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

Royal Bank of Canada Company 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.