Royal Bank Of Canada $RY Shares Acquired by Cwm LLC

Key Points

• Cwm LLC increased its stake in Royal Bank Of Canada by 310.4% in Q2, acquiring an additional 8,062 shares, bringing their total holdings to 10,659 shares valued at $1,402,000.
• Royal Bank Of Canada received mixed ratings from analysts, with six analysts issuing a Buy rating and six giving a Hold rating; the stock has a consensus rating of "Moderate Buy" and an average target price of $177.50.
• Despite reporting earnings of $2.79 per share, exceeding estimates by $0.43, the company's quarterly revenue fell below predictions, totaling $12.26 billion against an estimate of $16.03 billion.

Cwm LLC grew its position in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 310.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,659 shares of the financial services provider's stock after acquiring an additional 8,062 shares during the quarter. Cwm LLC's holdings in Royal Bank Of Canada were worth $1,402,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its stake in shares of Royal Bank Of Canada by 33.1% in the fourth quarter. Brighton Jones LLC now owns 2,313 shares of the financial services provider's stock valued at $279,000 after purchasing an additional 575 shares during the period. Wealth Enhancement Advisory Services LLC increased 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 valued at $3,766,000 after purchasing an additional 226 shares during the period. TrueMark Investments LLC acquired a new position in shares of Royal Bank Of Canada during the first quarter valued at $594,000. Value Partners Investments Inc. lifted its holdings in Royal Bank Of Canada by 574.8% in the first quarter. Value Partners Investments Inc. now owns 323,135 shares of the financial services provider's stock worth $36,436,000 after purchasing an additional 275,251 shares during the period. Finally, Sequoia Financial Advisors LLC raised its position in shares of Royal Bank Of Canada by 4.1% during the 1st quarter. Sequoia Financial Advisors LLC now owns 15,808 shares of the financial services provider's stock worth $1,782,000 after buying an additional 618 shares in the last quarter. Institutional investors own 45.31% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on RY shares. Wall Street Zen lowered Royal Bank Of Canada from a "hold" rating to a "sell" rating in a report on Saturday, October 11th. Erste Group Bank upgraded shares of Royal Bank Of Canada from a "hold" rating to a "buy" rating in a research report on Monday, September 22nd. Argus boosted their target price 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. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Royal Bank Of Canada in a report on Wednesday, October 8th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Royal Bank Of Canada in a research report on Thursday, August 28th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $177.50.

Royal Bank Of Canada Stock Up 0.8%

RY stock opened at $146.97 on Tuesday. The company has a 50 day moving average of $143.80 and a two-hundred day moving average of $131.92. The company has a market cap of $206.55 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 1.46 and a beta of 0.86. 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.

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