Sivia Capital Partners LLC Increases Stake in Royal Bank Of Canada $RY

Key Points

• Sivia Capital Partners LLC increased its stake in Royal Bank of Canada by 57.7% during the second quarter, now holding shares worth $695,000.
• The Royal Bank of Canada reported quarterly earnings of $2.79 per share, exceeding expectations, despite revenues falling short of analyst forecasts at $12.26 billion.
• Analyst ratings for Royal Bank of Canada are mixed, with several upgrades and downgrades, resulting in a consensus rating of "Hold" and an average target price of $177.50.

Sivia Capital Partners LLC lifted its position in Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 57.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 5,284 shares of the financial services provider's stock after purchasing an additional 1,934 shares during the period. Sivia Capital Partners LLC's holdings in Royal Bank Of Canada were worth $695,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Trust Co of the South boosted its holdings in Royal Bank Of Canada by 0.3% in the second quarter. Trust Co of the South now owns 25,121 shares of the financial services provider's stock valued at $3,305,000 after acquiring an additional 78 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in Royal Bank Of Canada by 13.0% in the first quarter. SBI Securities Co. Ltd. now owns 729 shares of the financial services provider's stock valued at $82,000 after acquiring an additional 84 shares in the last quarter. Csenge Advisory Group boosted its holdings in Royal Bank Of Canada by 4.3% in the first quarter. Csenge Advisory Group now owns 2,197 shares of the financial services provider's stock valued at $255,000 after acquiring an additional 91 shares in the last quarter. Great Lakes Retirement Inc. boosted its holdings in Royal Bank Of Canada by 0.8% in the first quarter. Great Lakes Retirement Inc. now owns 11,362 shares of the financial services provider's stock valued at $1,281,000 after acquiring an additional 92 shares in the last quarter. Finally, Roxbury Financial LLC boosted its holdings in Royal Bank Of Canada by 44.3% in the second quarter. Roxbury Financial LLC now owns 339 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 104 shares in the last quarter. Institutional investors own 45.31% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. National Bank Financial cut shares of Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a report on Friday, May 30th. Cowen restated a "hold" rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. CIBC cut shares of Royal Bank Of Canada from a "sector outperform" rating to a "neutral" rating in a report on Friday, September 5th. Scotiabank restated an "outperform" rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. Finally, Cibc World Mkts cut shares of Royal Bank Of Canada from a "strong-buy" rating to a "hold" rating in a report on Friday, September 5th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $177.50.

Royal Bank Of Canada Stock Performance

Shares of NYSE:RY traded up $1.22 during trading on Friday, hitting $147.38. The company's stock had a trading volume of 942,999 shares, compared to its average volume of 933,620. The company has a 50-day moving average of $137.28 and a 200-day moving average of $126.66. Royal Bank Of Canada has a 12 month low of $106.10 and a 12 month high of $147.64. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market cap of $207.12 billion, a price-to-earnings ratio of 15.56, a P/E/G ratio of 1.50 and a beta of 0.88.

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last issued its quarterly earnings data on Wednesday, August 27th. The financial services provider reported $2.79 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.43. Royal Bank Of Canada had a net margin of 14.03% and a return on equity of 16.12%. The firm had revenue of $12.26 billion for the quarter, compared to analysts' expectations of $16.03 billion. During the same quarter in the prior year, the business earned $3.26 EPS. The business's quarterly revenue was up 16.1% on a year-over-year basis. On average, sell-side analysts expect that Royal Bank Of Canada will post 9.16 earnings per share for the current year.

Royal Bank Of Canada 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.