Fiera Capital Corp Has $558.05 Million Holdings in Royal Bank of Canada (NYSE:RY)

Fiera Capital Corp lessened its position in Royal Bank of Canada (NYSE:RY) (TSE:RY) by 2.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,633,210 shares of the financial services provider’s stock after selling 126,175 shares during the quarter. Royal Bank of Canada makes up about 1.8% of Fiera Capital Corp’s holdings, making the stock its 15th biggest holding. Fiera Capital Corp’s holdings in Royal Bank of Canada were worth $558,046,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RY. Capital Performance Advisors LLP purchased a new position in Royal Bank of Canada during the 3rd quarter valued at about $25,000. Dunhill Financial LLC acquired a new stake in shares of Royal Bank of Canada during the third quarter worth approximately $25,000. Larson Financial Group LLC purchased a new position in Royal Bank of Canada during the third quarter valued at approximately $26,000. Grove Bank & Trust acquired a new position in Royal Bank of Canada in the 3rd quarter valued at approximately $28,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Royal Bank of Canada by 110.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 225 shares of the financial services provider’s stock valued at $28,000 after buying an additional 118 shares during the period. Institutional investors and hedge funds own 45.31% of the company’s stock.

Royal Bank of Canada Stock Down 0.1 %

RY stock opened at $118.31 on Thursday. The firm has a market cap of $167.33 billion, a PE ratio of 14.32, a PEG ratio of 1.78 and a beta of 0.87. Royal Bank of Canada has a 1 year low of $93.97 and a 1 year high of $128.05. The company has a fifty day simple moving average of $121.52 and a 200 day simple moving average of $120.70. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.11.

Royal Bank of Canada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Monday, January 27th will be given a $1.0522 dividend. The ex-dividend date is Monday, January 27th. This represents a $4.21 dividend on an annualized basis and a dividend yield of 3.56%. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $1.03. Royal Bank of Canada’s payout ratio is currently 49.76%.

Analyst Ratings Changes

Several research firms have recently commented on RY. TD Securities cut shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a report on Friday, November 15th. StockNews.com cut Royal Bank of Canada from a “hold” rating to a “sell” rating in a research report on Wednesday, January 1st. BMO Capital Markets dropped their target price on Royal Bank of Canada from $195.00 to $193.00 and set an “outperform” rating on the stock in a research report on Thursday, December 5th. Finally, Barclays upgraded Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.