Headlands Technologies LLC Has $28,000 Holdings in Royal Bank of Canada (NYSE:RY)

Headlands Technologies LLC reduced its stake in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 88.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 281 shares of the financial services provider’s stock after selling 2,063 shares during the quarter. Headlands Technologies LLC’s holdings in Royal Bank of Canada were worth $28,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Cigna Investments Inc. New raised its stake in shares of Royal Bank of Canada by 0.5% in the 4th quarter. Cigna Investments Inc. New now owns 26,187 shares of the financial services provider’s stock valued at $2,661,000 after buying an additional 131 shares in the last quarter. Aviance Capital Partners LLC raised its stake in shares of Royal Bank of Canada by 4.4% in the 3rd quarter. Aviance Capital Partners LLC now owns 3,628 shares of the financial services provider’s stock valued at $317,000 after buying an additional 152 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Royal Bank of Canada by 1.2% in the 4th quarter. Pacer Advisors Inc. now owns 13,008 shares of the financial services provider’s stock valued at $1,315,000 after buying an additional 154 shares in the last quarter. Raymond James Trust N.A. raised its stake in shares of Royal Bank of Canada by 2.0% in the 4th quarter. Raymond James Trust N.A. now owns 7,830 shares of the financial services provider’s stock valued at $792,000 after buying an additional 157 shares in the last quarter. Finally, Gradient Investments LLC raised its stake in shares of Royal Bank of Canada by 4.1% in the 3rd quarter. Gradient Investments LLC now owns 4,168 shares of the financial services provider’s stock valued at $364,000 after buying an additional 165 shares in the last quarter. 45.31% of the stock is currently owned by institutional investors and hedge funds.

Royal Bank of Canada Stock Up 1.9 %

RY opened at $99.27 on Friday. The firm’s 50-day simple moving average is $99.11 and its 200-day simple moving average is $95.10. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.89 and a current ratio of 0.89. Royal Bank of Canada has a twelve month low of $77.90 and a twelve month high of $103.88. The firm has a market cap of $140.44 billion, a price-to-earnings ratio of 12.50, a PEG ratio of 1.68 and a beta of 0.86.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last issued its quarterly earnings data on Wednesday, February 28th. The financial services provider reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $2.06 by $0.05. Royal Bank of Canada had a net margin of 12.43% and a return on equity of 14.74%. The firm had revenue of $9.98 billion for the quarter, compared to analyst estimates of $10.10 billion. Equities research analysts anticipate that Royal Bank of Canada will post 8.45 EPS for the current fiscal year.

Royal Bank of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 25th will be issued a dividend of $1.0207 per share. The ex-dividend date of this dividend is Wednesday, April 24th. This represents a $4.08 dividend on an annualized basis and a yield of 4.11%. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $1.02. Royal Bank of Canada’s dividend payout ratio is currently 25.31%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on RY shares. Barclays started coverage on shares of Royal Bank of Canada in a research note on Wednesday, March 20th. They issued an “equal weight” rating for the company. BMO Capital Markets raised shares of Royal Bank of Canada from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $140.00 to $150.00 in a report on Friday, April 5th. Jefferies Financial Group assumed coverage on shares of Royal Bank of Canada in a report on Thursday, February 22nd. They issued a “hold” rating on the stock. Finally, StockNews.com lowered shares of Royal Bank of Canada from a “hold” rating to a “sell” rating in a report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Royal Bank of Canada presently has an average rating of “Hold” and a consensus price target of $137.67.

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.