Generali Asset Management SPA SGR Has $8.61 Million Position in Royal Bank Of Canada $RY

Key Points

• Generali Asset Management SPA SGR increased its stake in Royal Bank of Canada by 7.0%, holding 65,447 shares valued at approximately $8.61 million as of the latest reporting period.
• Royal Bank of Canada reported an earnings per share (EPS) of $2.79 for the latest quarter, exceeding analysts' expectations of $2.36, alongside a revenue of $12.26 billion.
• The stock is currently rated with an average of by analysts, with a target price of $177.50, indicating positive sentiment moving forward.

Generali Asset Management SPA SGR boosted its stake in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 7.0% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,447 shares of the financial services provider's stock after purchasing an additional 4,279 shares during the period. Generali Asset Management SPA SGR's holdings in Royal Bank Of Canada were worth $8,610,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its stake in shares of Royal Bank Of Canada by 33.1% during the 4th quarter. Brighton Jones LLC now owns 2,313 shares of the financial services provider's stock valued at $279,000 after buying an additional 575 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Royal Bank Of Canada by 0.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 33,415 shares of the financial services provider's stock worth $3,766,000 after acquiring an additional 226 shares in the last quarter. Janney Montgomery Scott LLC acquired a new stake in Royal Bank Of Canada during the first quarter valued at $8,624,000. Great Lakes Retirement Inc. boosted its position in Royal Bank Of Canada by 0.8% during the first quarter. Great Lakes Retirement Inc. now owns 11,362 shares of the financial services provider's stock valued at $1,281,000 after purchasing an additional 92 shares during the last quarter. Finally, Berkshire Bank grew its stake in Royal Bank Of Canada by 8.3% in the first quarter. Berkshire Bank now owns 2,739 shares of the financial services provider's stock valued at $309,000 after purchasing an additional 211 shares in the last quarter. Institutional investors and hedge funds own 45.31% of the company's stock.

Royal Bank Of Canada Stock Up 0.6%

Shares of Royal Bank Of Canada stock opened at $145.43 on Wednesday. Royal Bank Of Canada has a 12-month low of $106.10 and a 12-month high of $149.26. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.11. The stock has a 50 day moving average price of $142.72 and a two-hundred day moving average price of $130.88. The stock has a market capitalization of $204.38 billion, a P/E ratio of 15.36, a PEG ratio of 1.46 and a beta of 0.86.

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 EPS for the quarter, beating analysts' consensus estimates of $2.36 by $0.43. The company had revenue of $12.26 billion for the quarter, compared to analyst estimates of $16.03 billion. Royal Bank Of Canada had a net margin of 14.03% and a return on equity of 16.12%. The company's quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter last year, the firm posted $3.26 earnings per share. Equities analysts expect that Royal Bank Of Canada will post 9.16 earnings per share for the current year.

Analyst Ratings Changes

RY has been the subject of a number of recent research reports. National Bankshares reaffirmed a "sector perform" rating on shares of Royal Bank Of Canada in a research note on Friday, August 15th. CIBC lowered shares of Royal Bank Of Canada from a "sector outperform" rating to a "neutral" rating in a research report on Friday, September 5th. Cowen reiterated a "hold" rating on shares of Royal Bank Of Canada in a research note on Thursday, August 28th. Erste Group Bank upgraded shares of Royal Bank Of Canada from a "hold" rating to a "buy" rating in a research note on Monday, September 22nd. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Royal Bank Of Canada in a research note on Thursday, August 28th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" 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.

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