Guggenheim Capital LLC Has $324,000 Stock Holdings in Royal Bank of Canada (NYSE:RY)

Guggenheim Capital LLC grew its position in Royal Bank of Canada (NYSE:RY) (TSE:RY) by 26.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,687 shares of the financial services provider’s stock after purchasing an additional 566 shares during the period. Guggenheim Capital LLC’s holdings in Royal Bank of Canada were worth $324,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. XTX Topco Ltd raised its holdings in shares of Royal Bank of Canada by 21.4% in the fourth quarter. XTX Topco Ltd now owns 14,038 shares of the financial services provider’s stock valued at $1,692,000 after purchasing an additional 2,472 shares during the last quarter. Mariner LLC raised its holdings in shares of Royal Bank of Canada by 2.7% in the fourth quarter. Mariner LLC now owns 60,467 shares of the financial services provider’s stock valued at $7,287,000 after purchasing an additional 1,599 shares during the last quarter. Savvy Advisors Inc. purchased a new stake in shares of Royal Bank of Canada in the fourth quarter valued at about $315,000. Seeds Investor LLC purchased a new stake in shares of Royal Bank of Canada in the fourth quarter valued at about $206,000. Finally, Sagespring Wealth Partners LLC purchased a new stake in shares of Royal Bank of Canada in the fourth quarter valued at about $317,000. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Royal Bank of Canada Price Performance

Shares of NYSE:RY opened at $117.79 on Monday. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $166.28 billion, a PE ratio of 14.26, a P/E/G ratio of 1.80 and a beta of 0.82. Royal Bank of Canada has a twelve month low of $96.52 and a twelve month high of $128.05. The company has a 50-day moving average price of $114.61 and a two-hundred day moving average price of $119.66.

Royal Bank of Canada Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, April 24th will be given a dividend of $1.0251 per share. The ex-dividend date is Thursday, April 24th. This represents a $4.10 dividend on an annualized basis and a yield of 3.48%. Royal Bank of Canada’s dividend payout ratio is presently 46.18%.

Analyst Ratings Changes

Several analysts have recently commented on RY shares. CIBC upgraded shares of Royal Bank of Canada from a “neutral” rating to a “sector outperform” rating in a report on Friday, April 4th. StockNews.com upgraded shares of Royal Bank of Canada from a “sell” rating to a “hold” rating in a report on Friday, February 28th. Finally, Cibc World Mkts upgraded shares of Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 3rd. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus 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.