Integrity Alliance LLC. Takes $545,000 Position in Royal Bank Of Canada $RY

Key Points

• Integrity Alliance LLC. has made a new investment in Royal Bank of Canada, acquiring 4,833 shares valued at approximately $545,000.
• Various institutional investors, including Goldman Sachs and Vanguard Group, have increased their stakes in Royal Bank of Canada significantly, reflecting strong enthusiasm for the stock.
• Royal Bank of Canada reported earnings of $2.79 EPS for the last quarter, exceeding analysts' expectations, and showing a revenue growth of 16.1% year-over-year.

Integrity Alliance LLC. purchased a new position in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,833 shares of the financial services provider's stock, valued at approximately $545,000.

A number of other institutional investors and hedge funds have also made changes to their positions in RY. Park Square Financial Group LLC purchased a new stake in Royal Bank Of Canada during the fourth quarter worth about $25,000. Sunbelt Securities Inc. boosted its holdings in Royal Bank Of Canada by 2,272.7% during the first quarter. Sunbelt Securities Inc. now owns 261 shares of the financial services provider's stock worth $29,000 after buying an additional 250 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Royal Bank Of Canada during the first quarter worth about $32,000. Cullen Frost Bankers Inc. boosted its holdings in Royal Bank Of Canada by 295.4% during the first quarter. Cullen Frost Bankers Inc. now owns 344 shares of the financial services provider's stock worth $39,000 after buying an additional 257 shares in the last quarter. Finally, AdvisorNet Financial Inc boosted its holdings in Royal Bank Of Canada by 93.7% during the first quarter. AdvisorNet Financial Inc now owns 368 shares of the financial services provider's stock worth $41,000 after buying an additional 178 shares in the last quarter. 45.31% of the stock is currently owned by institutional investors and hedge funds.

Royal Bank Of Canada Price Performance

Shares of NYSE RY traded up $1.22 on Monday, hitting $145.36. The company's stock had a trading volume of 798,620 shares, compared to its average volume of 888,248. Royal Bank Of Canada has a 12-month low of $106.10 and a 12-month high of $147.64. The company has a market capitalization of $204.26 billion, a price-to-earnings ratio of 15.35, a price-to-earnings-growth ratio of 1.48 and a beta of 0.88. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a 50 day moving average of $136.46 and a 200-day moving average of $126.18.

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. 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 for the quarter, compared to the consensus estimate of $16.03 billion. During the same quarter in the prior year, the firm earned $3.26 earnings per share. The company's revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, research analysts predict that Royal Bank Of Canada will post 9.16 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Scotiabank reissued an "outperform" rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. CIBC downgraded shares of Royal Bank Of Canada from a "sector outperform" rating to a "neutral" rating in a report on Friday, September 5th. Barclays reissued an "overweight" rating on shares of Royal Bank Of Canada in a report on Thursday, August 14th. Cibc World Mkts downgraded shares of Royal Bank Of Canada from a "strong-buy" rating to a "hold" rating in a report on Friday, September 5th. Finally, Argus boosted their price objective on shares of Royal Bank Of Canada from $140.00 to $162.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Royal Bank Of Canada has a consensus rating of "Hold" and a consensus price target 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.