Fiera Capital Corp Purchases 99,966 Shares of Royal Bank Of Canada $RY

Fiera Capital Corp raised its position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 2.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,854,424 shares of the financial services provider’s stock after buying an additional 99,966 shares during the quarter. Royal Bank Of Canada comprises about 2.3% of Fiera Capital Corp’s portfolio, making the stock its 10th largest position. Fiera Capital Corp owned about 0.35% of Royal Bank Of Canada worth $715,227,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in RY. Brighton Jones LLC increased its stake 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 valued at $279,000 after acquiring an additional 575 shares during the last quarter. AQR Capital Management LLC lifted its stake in Royal Bank Of Canada by 60.9% during the first quarter. AQR Capital Management LLC now owns 11,779 shares of the financial services provider’s stock worth $1,321,000 after purchasing an additional 4,460 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in Royal Bank Of Canada by 57.7% during the second quarter. Sivia Capital Partners LLC now owns 5,284 shares of the financial services provider’s stock worth $695,000 after purchasing an additional 1,934 shares during the last quarter. Strategic Blueprint LLC boosted its holdings in shares of Royal Bank Of Canada by 2.3% in the 2nd quarter. Strategic Blueprint LLC now owns 4,738 shares of the financial services provider’s stock valued at $623,000 after purchasing an additional 107 shares in the last quarter. Finally, Cardinal Point Capital Management ULC increased its stake in shares of Royal Bank Of Canada by 73.5% in the 2nd quarter. Cardinal Point Capital Management ULC now owns 203,319 shares of the financial services provider’s stock valued at $26,746,000 after purchasing an additional 86,102 shares during the last quarter. Institutional investors own 45.31% of the company’s stock.

Royal Bank Of Canada Price Performance

Shares of NYSE:RY opened at $170.65 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81. Royal Bank Of Canada has a 52 week low of $106.10 and a 52 week high of $176.19. The firm has a market cap of $238.51 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 1.20 and a beta of 0.79. The firm’s fifty day moving average is $169.55 and its 200-day moving average is $154.17.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its earnings results on Wednesday, December 3rd. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.51 by $0.25. The business had revenue of $12.27 billion during the quarter, compared to analyst estimates of $12.12 billion. Royal Bank Of Canada had a return on equity of 16.83% and a net margin of 14.83%.Royal Bank Of Canada’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same period last year, the company earned $3.07 EPS. Sell-side analysts predict that Royal Bank Of Canada will post 9.16 earnings per share for the current year.

Royal Bank Of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 24th. Investors of record on Monday, January 26th will be paid a $1.64 dividend. This is an increase from Royal Bank Of Canada’s previous quarterly dividend of $1.54. This represents a $6.56 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, January 26th. Royal Bank Of Canada’s payout ratio is presently 47.66%.

Analyst Ratings Changes

Several analysts recently weighed in on RY shares. BMO Capital Markets restated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Wednesday, December 17th. National Bank Financial reissued an “outperform” rating on shares of Royal Bank Of Canada in a research note on Thursday, December 4th. TD Cowen raised shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a report on Thursday, December 4th. Jefferies Financial Group lowered shares of Royal Bank Of Canada from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Finally, Barclays reiterated an “overweight” rating on shares of Royal Bank Of Canada in a research report on Thursday. Eleven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $162.00.

Royal Bank Of Canada Profile

Royal Bank of Canada (NYSE: RY) is a diversified financial services company and one of Canada’s largest banks. Founded in 1864 in Halifax, Nova Scotia, the firm is now headquartered in Toronto, Ontario. It provides a broad range of banking and financial services to individuals, businesses, and institutional clients through a network of branches, digital platforms and international offices.

RBC operates across several principal business segments including personal and commercial banking, wealth management, insurance, investor and treasury services, capital markets, and global asset management.