Natural Investments LLC Purchases Shares of 3,627 Royal Bank Of Canada $RY

Key Points

• Natural Investments LLC acquired 3,627 shares of the Royal Bank Of Canada (NYSE:RY) worth approximately $477,000 during the second quarter, according to their SEC filing.
• The stock has recently seen a consensus rating of "Moderate Buy" and a price target increased to $177.50 by analysts, with six giving it a Buy rating.
• Royal Bank Of Canada reported an EPS of $2.79 for the last quarter, surpassing consensus estimates, while revenues showed a growth of 16.1% year-over-year.

Natural Investments LLC purchased a new stake in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,627 shares of the financial services provider's stock, valued at approximately $477,000.

Other hedge funds have also bought and sold shares of the company. Sunbelt Securities Inc. increased its stake in Royal Bank Of Canada by 2,272.7% during the 1st quarter. Sunbelt Securities Inc. now owns 261 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 250 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Royal Bank Of Canada during the 1st quarter valued at approximately $32,000. Roxbury Financial LLC increased its stake in Royal Bank Of Canada by 44.3% during the 2nd quarter. Roxbury Financial LLC now owns 339 shares of the financial services provider's stock valued at $45,000 after purchasing an additional 104 shares in the last quarter. Cullen Frost Bankers Inc. increased its stake in Royal Bank Of Canada by 295.4% during the 1st quarter. Cullen Frost Bankers Inc. now owns 344 shares of the financial services provider's stock valued at $39,000 after purchasing an additional 257 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new position in Royal Bank Of Canada during the 1st quarter valued at approximately $45,000. Institutional investors and hedge funds own 45.31% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on RY. National Bankshares reiterated a "sector perform" rating on shares of Royal Bank Of Canada in a research note on Friday, August 15th. 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. Argus increased 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 research note on Friday, August 29th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Royal Bank Of Canada in a research note on Thursday, August 28th. Six 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 presently has a consensus rating of "Moderate Buy" and a consensus price target of $177.50.

Royal Bank Of Canada Stock Down 1.1%

RY stock opened at $143.61 on Friday. The firm has a market cap of $201.82 billion, a PE ratio of 15.16, a P/E/G ratio of 1.45 and a beta of 0.86. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.82 and a current ratio of 0.82. The firm's fifty day moving average is $142.13 and its 200 day moving average is $130.44. Royal Bank Of Canada has a one year low of $106.10 and a one year high of $149.26.

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 the consensus estimate 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 firm's revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the business earned $3.26 earnings per share. On average, research analysts forecast that Royal Bank Of Canada will post 9.16 EPS for the current year.

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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