Royal Bank Of Canada $RY Shares Acquired by Campbell & CO Investment Adviser LLC

Key Points

• Campbell & CO Investment Adviser LLC significantly increased its holdings in Royal Bank of Canada, raising its investment by 1,187.6% in the first quarter, now owning 25,740 shares valued at approximately $2.9 million.
• Royal Bank of Canada recently reported a miss in earnings with $2.20 EPS for the quarter, falling short of the consensus estimate of $2.25, and its revenue was $11.38 billion, below the expected $15.77 billion.
• The bank raised its quarterly dividend to $1.1152 per share, equating to an annual yield of 3.2%, representing a positive change from its previous quarterly dividend of $1.03.

Campbell & CO Investment Adviser LLC lifted its holdings in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 1,187.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,740 shares of the financial services provider's stock after purchasing an additional 23,741 shares during the period. Campbell & CO Investment Adviser LLC's holdings in Royal Bank Of Canada were worth $2,901,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of RY. Brighton Jones LLC increased 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 worth $279,000 after purchasing an additional 575 shares in the last quarter. Guggenheim Capital LLC increased its stake in shares of Royal Bank Of Canada by 26.7% during the 4th quarter. Guggenheim Capital LLC now owns 2,687 shares of the financial services provider's stock worth $324,000 after purchasing an additional 566 shares in the last quarter. NewEdge Advisors LLC increased its stake in shares of Royal Bank Of Canada by 64.5% during the 4th quarter. NewEdge Advisors LLC now owns 7,444 shares of the financial services provider's stock worth $897,000 after purchasing an additional 2,920 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Royal Bank Of Canada by 544.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 2,196 shares of the financial services provider's stock worth $265,000 after purchasing an additional 1,855 shares in the last quarter. Finally, Stifel Financial Corp increased its stake in shares of Royal Bank Of Canada by 6.2% during the 4th quarter. Stifel Financial Corp now owns 28,393 shares of the financial services provider's stock worth $3,422,000 after purchasing an additional 1,650 shares in the last quarter. 45.31% of the stock is owned by hedge funds and other institutional investors.

Royal Bank Of Canada Stock Down 0.2%

Shares of NYSE:RY traded down $0.31 during midday trading on Friday, hitting $145.54. 254,039 shares of the company's stock traded hands, compared to its average volume of 1,236,153. 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 company has a market cap of $204.51 billion, a PE ratio of 15.36, a P/E/G ratio of 1.68 and a beta of 0.89. The firm's fifty day moving average price is $132.91 and its two-hundred day moving average price is $123.93. Royal Bank Of Canada has a twelve month low of $106.10 and a twelve month high of $147.64.

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last posted its earnings results on Wednesday, August 27th. The financial services provider reported $2.79 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.43. The business 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 16.31%. The business's quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.26 EPS. On average, equities research analysts anticipate that Royal Bank Of Canada will post 9.16 EPS for the current fiscal year.

Analysts Set New Price Targets

RY has been the topic of a number of analyst reports. National Bank Financial lowered shares of Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a research report on Friday, May 30th. CIBC restated an "outperform" rating on shares of Royal Bank Of Canada in a research report on Tuesday, May 20th. Barclays restated an "overweight" rating on shares of Royal Bank Of Canada in a research report on Thursday, August 14th. BMO Capital Markets restated an "outperform" rating on shares of Royal Bank Of Canada in a research report on Thursday. Finally, Scotiabank reiterated an "outperform" rating on shares of Royal Bank Of Canada in a report on Thursday. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Royal Bank Of Canada currently has an average rating of "Moderate Buy" and an average target price of $193.00.

Royal Bank Of Canada Company 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.