Signaturefd LLC Acquires 2,020 Shares of Royal Bank Of Canada $RY

Key Points

• Signaturefd LLC increased its stake in the Royal Bank of Canada by 7.7%, acquiring an additional 2,020 shares, bringing its total holdings to 28,319 shares valued at approximately $3.73 million.
• Multiple institutional investors, including Goldman Sachs and Vanguard Group, also significantly increased their holdings in the Royal Bank of Canada during the first quarter, reflecting a growing interest in RY's stock.
• Analysts have mixed ratings on RY's stock, with five analysts rating it as a "Buy" and six as a "Hold", with an average target price set at $177.50.

Signaturefd LLC lifted its holdings in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 7.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 28,319 shares of the financial services provider's stock after acquiring an additional 2,020 shares during the period. Signaturefd LLC's holdings in Royal Bank Of Canada were worth $3,725,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in RY. Goldman Sachs Group Inc. lifted its stake in Royal Bank Of Canada by 129.9% during the first quarter. Goldman Sachs Group Inc. now owns 7,063,761 shares of the financial services provider's stock worth $796,227,000 after purchasing an additional 3,990,839 shares during the period. Vanguard Group Inc. grew 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 raised 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 worth $715,043,000 after buying an additional 3,244,266 shares in the last quarter. Bank of Nova Scotia lifted its position in shares of Royal Bank Of Canada by 8.0% during the 1st quarter. Bank of Nova Scotia now owns 16,802,214 shares of the financial services provider's stock worth $1,892,975,000 after buying an additional 1,249,589 shares during the period. Finally, Nuveen LLC acquired a new stake in Royal Bank Of Canada in the 1st quarter valued at $114,327,000. Institutional investors own 45.31% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on RY. Erste Group Bank upgraded Royal Bank Of Canada from a "hold" rating to a "buy" rating in a research note on Monday, September 22nd. Barclays reissued an "overweight" rating on shares of Royal Bank Of Canada in a report on Thursday, August 14th. National Bank Financial cut shares of Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a research note on Friday, May 30th. Scotiabank reiterated an "outperform" rating on shares of Royal Bank Of Canada in a research note on Thursday, August 28th. Finally, Cowen restated a "hold" rating on shares of Royal Bank Of Canada in a research report on Thursday, August 28th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, Royal Bank Of Canada presently has an average rating of "Hold" and an average target price of $177.50.

Royal Bank Of Canada Price Performance

RY opened at $146.05 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market capitalization of $205.25 billion, a P/E ratio of 15.42, a price-to-earnings-growth ratio of 1.50 and a beta of 0.88. The company's 50 day simple moving average is $139.11 and its 200-day simple moving average is $128.06. 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 posted 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 firm had revenue of $12.26 billion for the quarter, compared to the consensus estimate of $16.03 billion. Royal Bank Of Canada had a return on equity of 16.12% and a net margin of 14.03%.The business's revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.26 EPS. Sell-side analysts anticipate that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal 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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