Trexquant Investment LP Acquires New Holdings in Royal Bank Of Canada $RY

Key Points

• Trexquant Investment LP has made a new investment in the Royal Bank of Canada worth approximately $12.46 million, acquiring 110,495 shares.
• Analysts have varied ratings on the stock, with one giving it a Strong Buy rating, while others have issued sell or sector perform ratings.
• In its latest earnings report, Royal Bank of Canada beat consensus EPS estimates, reporting $2.79 earnings per share against an expected $2.36.

Trexquant Investment LP purchased a new stake in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY during the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 110,495 shares of the financial services provider's stock, valued at approximately $12,455,000.

A number of other institutional investors have also recently added to or reduced their stakes in RY. Brighton Jones LLC grew its holdings in 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 acquiring an additional 575 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in 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 acquiring an additional 1,855 shares during the last quarter. Stifel Financial Corp grew its holdings in 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 acquiring an additional 1,650 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Royal Bank Of Canada by 3.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 2,860 shares of the financial services provider's stock worth $345,000 after acquiring an additional 90 shares during the last quarter. Finally, Voya Investment Management LLC grew its holdings in Royal Bank Of Canada by 173.9% during the 4th quarter. Voya Investment Management LLC now owns 15,833 shares of the financial services provider's stock worth $1,908,000 after acquiring an additional 10,053 shares during the last quarter. 45.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

RY has been the topic of a number of recent analyst reports. National Bank Financial downgraded shares of Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a research report on Friday, May 30th. BMO Capital Markets restated an "outperform" rating on shares of Royal Bank Of Canada in a research report on Thursday. Scotiabank restated an "outperform" rating on shares of Royal Bank Of Canada in a research report on Thursday. CIBC reiterated an "outperform" rating on shares of Royal Bank Of Canada in a research report on Tuesday, May 20th. Finally, Argus boosted their target price on shares of Royal Bank Of Canada from $140.00 to $162.00 and gave the company a "buy" rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $177.50.

Royal Bank Of Canada Stock Down 0.3%

Shares of RY stock traded down $0.43 on Monday, hitting $145.42. The stock had a trading volume of 858,667 shares, compared to its average volume of 1,136,119. 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 business has a 50 day moving average of $133.28 and a 200 day moving average of $124.19. Royal Bank Of Canada has a 12-month low of $106.10 and a 12-month high of $147.64. The stock has a market cap of $204.35 billion, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 1.49 and a beta of 0.88.

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 EPS for the quarter, topping 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 16.12%. The company's revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.26 earnings per share. As a group, analysts expect that Royal Bank Of Canada will post 9.16 EPS for the current year.

About Royal Bank Of Canada

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.