Amundi Has $155.91 Million Holdings in Royal Bank Of Canada $RY

Key Points

• Amundi decreased its holdings in the Royal Bank of Canada by 0.6%, owning 1,354,425 shares after selling 8,051 shares, valued at approximately $155.9 million.
• Several institutional investors made changes to their positions, with notable increases in holdings, including Sunbelt Securities growing its stake by 2,272.7%.
• Royal Bank of Canada reported earnings of $2.79 per share, exceeding the consensus estimate of $2.36, with revenues up 16.1% year-over-year.

Amundi decreased its position in Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 0.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,354,425 shares of the financial services provider's stock after selling 8,051 shares during the quarter. Amundi owned 0.10% of Royal Bank Of Canada worth $155,908,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of RY. Goldman Sachs Group Inc. raised its stake in shares of Royal Bank Of Canada by 129.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 7,063,761 shares of the financial services provider's stock valued at $796,227,000 after purchasing an additional 3,990,839 shares during the period. Vanguard Group Inc. raised its stake in shares of Royal Bank Of Canada by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 62,571,520 shares of the financial services provider's stock valued at $7,048,307,000 after purchasing an additional 3,387,971 shares during the period. Canada Pension Plan Investment Board grew its holdings in shares of Royal Bank Of Canada by 104.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 6,346,768 shares of the financial services provider's stock valued at $715,043,000 after acquiring an additional 3,244,266 shares in the last quarter. Bank of Nova Scotia grew its holdings in shares of Royal Bank Of Canada by 8.0% in the 1st quarter. Bank of Nova Scotia now owns 16,802,214 shares of the financial services provider's stock valued at $1,892,975,000 after acquiring an additional 1,249,589 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Royal Bank Of Canada in the 1st quarter valued at about $114,327,000. Institutional investors and hedge funds own 45.31% of the company's stock.

Royal Bank Of Canada Stock Performance

Royal Bank Of Canada stock traded down $1.24 during midday trading on Friday, reaching $144.58. 974,951 shares of the company's stock were exchanged, compared to its average volume of 1,062,244. Royal Bank Of Canada has a 52 week low of $106.10 and a 52 week high of $147.64. 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 has a market cap of $203.16 billion, a price-to-earnings ratio of 15.27, a P/E/G ratio of 1.48 and a beta of 0.88. The stock's 50-day simple moving average is $134.93 and its 200 day simple moving average is $125.04.

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last posted its quarterly earnings results on Wednesday, August 27th. The financial services provider reported $2.79 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $16.03 billion. During the same quarter last year, the company posted $3.26 earnings per share. Royal Bank Of Canada's quarterly revenue was up 16.1% on a year-over-year basis. On average, analysts expect that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on RY shares. CIBC cut Royal Bank Of Canada from a "sector outperform" rating to a "neutral" rating in a report on Friday. Cowen restated a "hold" rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. BMO Capital Markets restated an "outperform" rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. National Bankshares restated a "sector perform" rating on shares of Royal Bank Of Canada in a report on Friday, August 15th. Finally, National Bank Financial cut Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a report on Friday, May 30th. Four equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $177.50.

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.