UniSuper Management Pty Ltd Has $56.18 Million Stock Holdings in Royal Bank of Canada (NYSE:RY)

UniSuper Management Pty Ltd raised its position in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 26.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 466,200 shares of the financial services provider’s stock after purchasing an additional 98,300 shares during the period. UniSuper Management Pty Ltd’s holdings in Royal Bank of Canada were worth $56,182,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RY. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Royal Bank of Canada by 165.1% in the third 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 in the last quarter. Vanguard Group Inc. grew its position in Royal Bank of Canada by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 59,183,549 shares of the financial services provider’s stock worth $7,136,056,000 after acquiring an additional 1,104,975 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Royal Bank of Canada by 9.0% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,112,451 shares of the financial services provider’s stock valued at $1,338,156,000 after purchasing an additional 921,276 shares in the last quarter. Mufg Securities Canada LTD. grew its holdings in shares of Royal Bank of Canada by 72.0% during the fourth quarter. Mufg Securities Canada LTD. now owns 2,160,865 shares of the financial services provider’s stock worth $260,373,000 after purchasing an additional 904,909 shares during the last quarter. Finally, Hillsdale Investment Management Inc. increased its stake in shares of Royal Bank of Canada by 360.8% in the fourth quarter. Hillsdale Investment Management Inc. now owns 881,128 shares of the financial services provider’s stock valued at $106,123,000 after buying an additional 689,904 shares during the period. 45.31% of the stock is currently owned by institutional investors.

Royal Bank of Canada Price Performance

Shares of RY opened at $116.29 on Thursday. The business’s 50 day moving average price is $117.70 and its two-hundred day moving average price is $121.17. The firm has a market cap of $164.17 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 1.80 and a beta of 0.88. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.86 and a current ratio of 0.86. Royal Bank of Canada has a 52-week low of $95.84 and a 52-week high of $128.05.

Royal Bank of Canada Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be given a dividend of $1.0251 per share. The ex-dividend date is Thursday, April 24th. This represents a $4.10 dividend on an annualized basis and a dividend yield of 3.53%. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 45.96%.

Analyst Ratings Changes

A number of research firms have weighed in on RY. StockNews.com raised shares of Royal Bank of Canada from a “sell” rating to a “hold” rating in a report on Friday, February 28th. BMO Capital Markets decreased their price target on Royal Bank of Canada from $195.00 to $193.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. Finally, CIBC reaffirmed a “neutral” rating on shares of Royal Bank of Canada in a research note on Wednesday, March 5th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently 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.