3,801 Shares in Royal Bank Of Canada $RY Acquired by Sciencast Management LP

Key Points

• Sciencast Management LP has acquired 3,801 shares of the Royal Bank of Canada valued at approximately $428,000, marking a new position in the financial services sector.
• The Royal Bank of Canada's stock performance recently showed a significant EPS of $2.79, surpassing analysts' expectations and reflecting a 16.1% increase in quarterly revenue year-over-year.
• Analysts have varied opinions on RY, with four analysts rating it as a "Buy" and six as a "Hold," currently averaging a target price of $177.50.

Sciencast Management LP acquired a new position in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,801 shares of the financial services provider's stock, valued at approximately $428,000.

Several other large investors have also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its stake in Royal Bank Of Canada by 129.9% during the first quarter. Goldman Sachs Group Inc. now owns 7,063,761 shares of the financial services provider's stock worth $796,227,000 after purchasing an additional 3,990,839 shares during the last quarter. UniSuper Management Pty Ltd lifted its stake in Royal Bank Of Canada by 1.9% during the first quarter. UniSuper Management Pty Ltd now owns 475,100 shares of the financial services provider's stock worth $53,553,000 after purchasing an additional 8,900 shares during the last quarter. Edmond DE Rothschild Holding S.A. lifted its stake in Royal Bank Of Canada by 23.6% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 4,268 shares of the financial services provider's stock worth $482,000 after purchasing an additional 814 shares during the last quarter. Clark Capital Management Group Inc. lifted its stake in Royal Bank Of Canada by 2.0% in the first quarter. Clark Capital Management Group Inc. now owns 573,009 shares of the financial services provider's stock valued at $64,590,000 after buying an additional 11,372 shares during the last quarter. Finally, Curi RMB Capital LLC bought a new stake in Royal Bank Of Canada in the first quarter valued at $359,000. 45.31% of the stock is currently owned by institutional investors.

Royal Bank Of Canada Stock Down 0.6%

NYSE RY traded down $0.92 during trading on Friday, reaching $144.21. 585,405 shares of the company's stock were exchanged, compared to its average volume of 1,215,927. Royal Bank Of Canada has a fifty-two week low of $106.10 and a fifty-two week high of $147.64. The firm has a market capitalization of $202.65 billion, a PE ratio of 15.23, a P/E/G ratio of 1.48 and a beta of 0.88. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.11. The company's fifty day simple moving average is $135.94 and its 200-day simple moving average is $125.70.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on RY shares. Barclays reiterated an "overweight" rating on shares of Royal Bank Of Canada in a research note on Thursday, August 14th. Wall Street Zen upgraded Royal Bank Of Canada from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. BMO Capital Markets reiterated an "outperform" rating on shares of Royal Bank Of Canada in a research note on Thursday, August 28th. CIBC cut Royal Bank Of Canada from a "sector outperform" rating to a "neutral" rating in a research note on Friday, September 5th. Finally, Argus raised their target price on Royal Bank Of Canada from $140.00 to $162.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $177.50.

About Royal Bank Of Canada

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.