Aviso Financial Inc. Has $25.36 Million Stake in Royal Bank of Canada (NYSE:RY)

Aviso Financial Inc. lifted its holdings in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 3.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 210,389 shares of the financial services provider’s stock after acquiring an additional 7,629 shares during the period. Royal Bank of Canada makes up about 1.3% of Aviso Financial Inc.’s investment portfolio, making the stock its 24th biggest position. Aviso Financial Inc.’s holdings in Royal Bank of Canada were worth $25,361,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dunhill Financial LLC bought a new position in Royal Bank of Canada during the 3rd quarter valued at about $25,000. Larson Financial Group LLC acquired a new stake in shares of Royal Bank of Canada during the 3rd quarter worth approximately $26,000. Roxbury Financial LLC acquired a new position in Royal Bank of Canada during the fourth quarter valued at approximately $29,000. Kieckhefer Group LLC bought a new stake in Royal Bank of Canada in the fourth quarter valued at approximately $36,000. Finally, Crews Bank & Trust bought a new stake in Royal Bank of Canada in the fourth quarter valued at approximately $36,000. 45.31% of the stock is owned by institutional investors.

Royal Bank of Canada Price Performance

NYSE:RY opened at $108.88 on Friday. 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. The firm has a market cap of $153.99 billion, a price-to-earnings ratio of 13.18, a P/E/G ratio of 1.80 and a beta of 0.88. The firm’s 50-day simple moving average is $118.79 and its 200 day simple moving average is $121.51.

Royal Bank of Canada Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, April 24th will be issued a $1.0251 dividend. This represents a $4.10 annualized dividend and a yield of 3.77%. The ex-dividend date of this dividend is Thursday, April 24th. Royal Bank of Canada’s dividend payout ratio is currently 45.96%.

Analyst Ratings Changes

RY has been the subject of several research reports. StockNews.com raised shares of Royal Bank of Canada from a “sell” rating to a “hold” rating in a research report on Friday, February 28th. BMO Capital Markets reduced their target price on shares of Royal Bank of Canada from $195.00 to $193.00 and set an “outperform” rating for the company in a report on Thursday, December 5th. CIBC reiterated a “neutral” rating on shares of Royal Bank of Canada in a research note on Wednesday, March 5th. Barclays upgraded shares of Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a research note on Thursday, November 21st. Finally, TD Securities cut shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.