Royal Bank Of Canada $RY Shares Bought by Generali Investments CEE investicni spolecnost a.s.

Key Points

• Generali Investments CEE increased its stake in Royal Bank of Canada by 12.0%, acquiring an additional 3,000 shares, bringing its total to 28,000 shares valued at approximately $3.68 million.
• Other investors like Campbell & CO Investment Adviser LLC and JPMorgan Chase & Co. also significantly boosted their positions, with institutional investors collectively owning 45.31% of the company's stock.
• Royal Bank of Canada reported $2.79 EPS for the last quarter, surpassing estimates by $0.43, alongside a revenue increase of 16.1% year-over-year.

Generali Investments CEE investicni spolecnost a.s. boosted its stake in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 12.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,000 shares of the financial services provider's stock after purchasing an additional 3,000 shares during the quarter. Generali Investments CEE investicni spolecnost a.s.'s holdings in Royal Bank Of Canada were worth $3,683,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC boosted its position in Royal Bank Of Canada by 1,187.6% during the 1st quarter. Campbell & CO Investment Adviser LLC now owns 25,740 shares of the financial services provider's stock valued at $2,901,000 after purchasing an additional 23,741 shares during the period. Baskin Financial Services Inc. boosted its position in Royal Bank Of Canada by 5.0% during the 1st quarter. Baskin Financial Services Inc. now owns 62,855 shares of the financial services provider's stock valued at $7,079,000 after purchasing an additional 3,006 shares during the period. Envestnet Asset Management Inc. boosted its position in Royal Bank Of Canada by 1.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 341,776 shares of the financial services provider's stock valued at $38,525,000 after purchasing an additional 3,767 shares during the period. JPMorgan Chase & Co. boosted its position in Royal Bank Of Canada by 4.4% during the 1st quarter. JPMorgan Chase & Co. now owns 6,458,212 shares of the financial services provider's stock valued at $727,970,000 after purchasing an additional 271,531 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in Royal Bank Of Canada by 4.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 86,847 shares of the financial services provider's stock valued at $9,789,000 after purchasing an additional 3,358 shares during the period. Institutional investors and hedge funds own 45.31% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Scotiabank reiterated an "outperform" rating on shares of Royal Bank Of Canada in a research report on Thursday, August 28th. Barclays reiterated an "overweight" rating on shares of Royal Bank Of Canada in a research report on Thursday, August 14th. Cowen reiterated a "hold" rating on shares of Royal Bank Of Canada in a research report on Thursday, August 28th. Wall Street Zen upgraded Royal Bank Of Canada from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Royal Bank Of Canada in a research report on Thursday, August 28th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Royal Bank Of Canada currently has an average rating of "Hold" and a consensus target price of $177.50.

Royal Bank Of Canada Trading Up 0.3%

Shares of NYSE RY opened at $147.33 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 market cap of $207.05 billion, a price-to-earnings ratio of 15.56, a P/E/G ratio of 1.49 and a beta of 0.88. 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 business has a fifty day simple moving average of $139.67 and a 200-day simple moving average of $128.69.

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last announced its 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. Royal Bank Of Canada had a return on equity of 16.12% and a net margin of 14.03%.The business had revenue of $12.26 billion during the quarter, compared to the consensus estimate of $16.03 billion. During the same period in the prior year, the business posted $3.26 earnings per share. Royal Bank Of Canada's revenue was up 16.1% compared to the same quarter last year. Sell-side analysts predict that Royal Bank Of Canada will post 9.16 EPS for the current year.

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.

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