Aull & Monroe Investment Management Corp Sells 2,400 Shares of Royal Bank Of Canada $RY

Key Points

• Aull & Monroe Investment Management Corp has reduced its holdings in Royal Bank Of Canada by 16.8%, selling 2,400 shares and valued its remaining stake at $1,559,000 as of the latest SEC filing.
• Royal Bank Of Canada reported a $2.79 EPS for the latest quarter, beating estimates by $0.43, but its revenue of $12.26 billion was lower than the expected $16.03 billion.
• While some analysts maintain an "outperform" rating for Royal Bank Of Canada, others have downgraded their recommendations, leading to a consensus rating of "Moderate Buy" with a price target of $177.50.

Aull & Monroe Investment Management Corp reduced its position in Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 16.8% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 11,849 shares of the financial services provider's stock after selling 2,400 shares during the period. Aull & Monroe Investment Management Corp's holdings in Royal Bank Of Canada were worth $1,559,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in RY. Sunbelt Securities Inc. raised its stake in Royal Bank Of Canada by 2,272.7% in the 1st quarter. Sunbelt Securities Inc. now owns 261 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 250 shares during the period. Caitong International Asset Management Co. Ltd bought a new stake in Royal Bank Of Canada in the 1st quarter valued at about $32,000. Cullen Frost Bankers Inc. raised its stake in Royal Bank Of Canada by 295.4% in the 1st quarter. Cullen Frost Bankers Inc. now owns 344 shares of the financial services provider's stock valued at $39,000 after acquiring an additional 257 shares during the period. Wayfinding Financial LLC bought a new stake in Royal Bank Of Canada in the 1st quarter valued at about $45,000. Finally, Roxbury Financial LLC raised its stake in Royal Bank Of Canada by 44.3% in the 2nd quarter. Roxbury Financial LLC now owns 339 shares of the financial services provider's stock valued at $45,000 after acquiring an additional 104 shares during the period. 45.31% of the stock is currently owned by institutional investors.

Royal Bank Of Canada Stock Up 0.3%

Shares of NYSE RY opened at $145.81 on Friday. Royal Bank Of Canada has a 12 month low of $106.10 and a 12 month high of $149.26. 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 firm has a market capitalization of $204.91 billion, a price-to-earnings ratio of 15.40, a PEG ratio of 1.46 and a beta of 0.86. The business has a 50-day moving average of $143.53 and a 200-day moving average of $131.55.

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

Analyst Upgrades and Downgrades

RY has been the topic of several analyst reports. Scotiabank reiterated an "outperform" rating on shares of Royal Bank Of Canada in a research report on Thursday, August 28th. Wall Street Zen cut Royal Bank Of Canada from a "hold" rating to a "sell" rating in a research report on Saturday, October 11th. CIBC cut Royal Bank Of Canada from a "sector outperform" rating to a "neutral" rating in a research report on Friday, September 5th. BMO Capital Markets reiterated an "outperform" rating on shares of Royal Bank Of Canada in a research report on Thursday, August 28th. Finally, Cibc World Mkts cut Royal Bank Of Canada from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 5th. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $177.50.

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 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.

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