Stifel Financial Corp Has $1.72 Million Position in Royal Bank of Canada (NYSE:RY)

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Stifel Financial Corp raised its stake in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 4.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,270 shares of the financial services provider’s stock after buying an additional 991 shares during the quarter. Stifel Financial Corp’s holdings in Royal Bank of Canada were worth $1,723,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RY. Capital Advisors Ltd. LLC acquired a new position in shares of Royal Bank of Canada during the 2nd quarter worth about $32,000. Boston Partners acquired a new position in shares of Royal Bank of Canada during the 2nd quarter worth about $50,000. CWM LLC grew its position in shares of Royal Bank of Canada by 140.0% during the 3rd quarter. CWM LLC now owns 804 shares of the financial services provider’s stock worth $65,000 after buying an additional 469 shares during the period. Meeder Asset Management Inc. acquired a new position in shares of Royal Bank of Canada during the 2nd quarter worth about $77,000. Finally, Cornerstone Advisors Inc. grew its position in shares of Royal Bank of Canada by 49.9% during the 3rd quarter. Cornerstone Advisors Inc. now owns 1,007 shares of the financial services provider’s stock worth $82,000 after buying an additional 335 shares during the period. Institutional investors own 41.83% of the company’s stock.

Shares of RY opened at $78.81 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a 50 day simple moving average of $81.21 and a 200 day simple moving average of $79.05. Royal Bank of Canada has a 52-week low of $65.76 and a 52-week high of $82.58. The firm has a market capitalization of $112.97 billion, a PE ratio of 11.78, a P/E/G ratio of 2.18 and a beta of 1.11.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Monday, January 27th will be given a $0.7897 dividend. The ex-dividend date is Friday, January 24th. This represents a $3.16 annualized dividend and a dividend yield of 4.01%. Royal Bank of Canada’s dividend payout ratio is presently 47.38%.

RY has been the subject of several research analyst reports. Scotiabank reiterated a “buy” rating on shares of Royal Bank of Canada in a research report on Tuesday, August 20th. Credit Suisse Group decreased their price objective on Royal Bank of Canada from $105.00 to $102.00 and set a “neutral” rating for the company in a research report on Thursday, December 5th. Barclays reiterated a “sell” rating on shares of Royal Bank of Canada in a research report on Wednesday, August 21st. Desjardins lowered Royal Bank of Canada from a “buy” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, ValuEngine lowered Royal Bank of Canada from a “hold” rating to a “sell” rating in a research report on Thursday, September 5th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $107.20.

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 check and savings accounts; home equity and auto financing, personal lending, private banking, mutual fund, self-directed brokerage account, and guaranteed investment certificate services; and credit cards, and payment products and solutions for individuals.

Further Reading: Market Capitalization and Individual Investors

Institutional Ownership by Quarter for Royal Bank of Canada (NYSE:RY)

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