3,185 Shares in Royal Bank Of Canada $RY Purchased by Curi RMB Capital LLC

Key Points

• Curi RMB Capital LLC has acquired a new position in Royal Bank of Canada, purchasing 3,185 shares valued at approximately $359,000 during the first quarter.
• The Royal Bank of Canada reported an EPS of $2.79 for its recent quarter, exceeding analysts' expectations and displaying a year-over-year revenue growth of 16.1%.
• Despite mixed ratings from analysts, Royal Bank of Canada has a target price of $177.50, with four analysts rating it as a Buy and six as a Hold.

Curi RMB Capital LLC bought a new stake in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,185 shares of the financial services provider's stock, valued at approximately $359,000.

Several other large investors have also recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. increased its position in Royal Bank Of Canada by 129.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,063,761 shares of the financial services provider's stock valued at $796,227,000 after acquiring an additional 3,990,839 shares during the period. Vanguard Group Inc. raised its stake in Royal Bank Of Canada by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 62,571,520 shares of the financial services provider's stock valued at $7,048,307,000 after purchasing an additional 3,387,971 shares during the period. Canada Pension Plan Investment Board raised its stake in Royal Bank Of Canada by 104.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,346,768 shares of the financial services provider's stock valued at $715,043,000 after purchasing an additional 3,244,266 shares during the period. Bank of Nova Scotia raised its stake in Royal Bank Of Canada by 8.0% during the 1st quarter. Bank of Nova Scotia now owns 16,802,214 shares of the financial services provider's stock valued at $1,892,975,000 after purchasing an additional 1,249,589 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Royal Bank Of Canada in the first quarter worth $114,327,000. 45.31% of the stock is currently owned by institutional investors and hedge funds.

Royal Bank Of Canada Stock Performance

RY stock traded up $0.21 during mid-day trading on Wednesday, reaching $144.20. 572,722 shares of the stock traded hands, compared to its average volume of 1,222,051. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.11. Royal Bank Of Canada has a 52 week low of $106.10 and a 52 week high of $147.64. The business has a 50-day moving average of $135.42 and a two-hundred day moving average of $125.39. The firm has a market capitalization of $202.64 billion, a PE ratio of 15.23, a P/E/G ratio of 1.48 and a beta of 0.88.

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

Analyst Upgrades and Downgrades

RY has been the topic of a number of research reports. National Bankshares reaffirmed a "sector perform" rating on shares of Royal Bank Of Canada in a research note on Friday, August 15th. Cowen reaffirmed a "hold" rating on shares of Royal Bank Of Canada in a research note on Thursday, August 28th. Cibc World Mkts downgraded shares of Royal Bank Of Canada from a "strong-buy" rating to a "hold" rating in a research note on Friday, September 5th. Argus upped their price target on shares of Royal Bank Of Canada from $140.00 to $162.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Finally, Barclays reissued an "overweight" rating on shares of Royal Bank Of Canada in a research report on Thursday, August 14th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price 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.