Sivia Capital Partners LLC Has $398,000 Holdings in Royal Bank of Canada (NYSE:RY)

Sivia Capital Partners LLC lifted its holdings in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 8.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,190 shares of the financial services provider’s stock after buying an additional 247 shares during the quarter. Sivia Capital Partners LLC’s holdings in Royal Bank of Canada were worth $398,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Ridgewood Investments LLC bought a new position in Royal Bank of Canada during the 2nd quarter worth approximately $27,000. Grove Bank & Trust bought a new position in shares of Royal Bank of Canada during the third quarter worth $28,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Royal Bank of Canada in the 2nd quarter valued at $33,000. Mather Group LLC. bought a new stake in shares of Royal Bank of Canada in the 1st quarter valued at $49,000. Finally, Nisa Investment Advisors LLC lifted its holdings in Royal Bank of Canada by 293.8% during the second quarter. Nisa Investment Advisors LLC now owns 508 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 379 shares in the last quarter. 45.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on RY. UBS Group began coverage on Royal Bank of Canada in a research report on Tuesday, July 2nd. They set a “buy” rating on the stock. BMO Capital Markets raised their target price on shares of Royal Bank of Canada from $151.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. Finally, StockNews.com cut shares of Royal Bank of Canada from a “hold” rating to a “sell” rating in a report on Saturday, July 20th. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Royal Bank of Canada has a consensus rating of “Moderate Buy” and an average target price of $142.50.

Royal Bank of Canada Stock Down 0.1 %

RY traded down $0.10 during trading hours on Monday, hitting $123.69. 96,613 shares of the company’s stock were exchanged, compared to its average volume of 1,048,964. The stock has a market cap of $175.03 billion, a price-to-earnings ratio of 15.36, a PEG ratio of 1.99 and a beta of 0.86. Royal Bank of Canada has a 1-year low of $77.90 and a 1-year high of $125.28. The stock’s 50-day moving average is $118.57 and its two-hundred day moving average is $109.64. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.12.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings data on Wednesday, August 28th. The financial services provider reported $2.38 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.23. Royal Bank of Canada had a return on equity of 15.17% and a net margin of 12.28%. The company had revenue of $10.68 billion during the quarter, compared to analysts’ expectations of $10.40 billion. Sell-side analysts predict that Royal Bank of Canada will post 8.91 earnings per share for the current fiscal year.

Royal Bank of Canada Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, October 24th will be issued a $1.028 dividend. This represents a $4.11 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Thursday, October 24th. Royal Bank of Canada’s payout ratio is presently 51.99%.

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.