Royal Bank Of Canada $RY Stock Holdings Increased by UniSuper Management Pty Ltd

Key Points

• UniSuper Management Pty Ltd increased its holdings in Royal Bank Of Canada by 1.9%, acquiring an additional 8,900 shares, bringing its total to 475,100 shares valued at approximately $53.55 million.
• Royal Bank Of Canada reported $2.79 earnings per share in its latest quarterly results, exceeding expectations, despite a revenue of $12.26 billion that missed the estimated $16.03 billion.
• The stock has been given a consensus rating of "Hold" by analysts, with an average price target of $177.50.

UniSuper Management Pty Ltd lifted its holdings in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 1.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 475,100 shares of the financial services provider's stock after purchasing an additional 8,900 shares during the quarter. UniSuper Management Pty Ltd's holdings in Royal Bank Of Canada were worth $53,553,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. SBI Securities Co. Ltd. boosted its holdings in shares of Royal Bank Of Canada by 13.0% during the first quarter. SBI Securities Co. Ltd. now owns 729 shares of the financial services provider's stock worth $82,000 after purchasing an additional 84 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Royal Bank Of Canada by 3.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,860 shares of the financial services provider's stock worth $345,000 after purchasing an additional 90 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in Royal Bank Of Canada by 2.8% in the first quarter. Sivia Capital Partners LLC now owns 3,350 shares of the financial services provider's stock valued at $378,000 after acquiring an additional 91 shares during the last quarter. Csenge Advisory Group boosted its holdings in Royal Bank Of Canada by 4.3% in the first quarter. Csenge Advisory Group now owns 2,197 shares of the financial services provider's stock valued at $255,000 after acquiring an additional 91 shares during the last quarter. Finally, Great Lakes Retirement Inc. boosted its holdings in Royal Bank Of Canada by 0.8% in the first quarter. Great Lakes Retirement Inc. now owns 11,362 shares of the financial services provider's stock valued at $1,281,000 after acquiring an additional 92 shares during the last quarter. Institutional investors and hedge funds own 45.31% of the company's stock.

Analysts Set New Price Targets

RY has been the topic of a number of research analyst reports. Cibc World Mkts cut Royal Bank Of Canada from a "strong-buy" rating to a "hold" rating in a report on Friday, September 5th. BMO Capital Markets reiterated an "outperform" rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. Argus lifted their target price on Royal Bank Of Canada from $140.00 to $162.00 and gave the company a "buy" rating in a report on Friday, August 29th. National Bankshares reiterated 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 research note on Friday, May 30th. Four research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $177.50.

Royal Bank Of Canada Stock Up 0.1%

Shares of NYSE RY traded up $0.21 during midday trading on Wednesday, reaching $144.20. 572,722 shares of the company's stock were exchanged, compared to its average volume of 1,222,051. Royal Bank Of Canada has a 52-week low of $106.10 and a 52-week high of $147.64. The stock has a market capitalization of $202.64 billion, a PE ratio of 15.23, a price-to-earnings-growth ratio of 1.48 and a beta of 0.88. 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 business's fifty day moving average price is $135.42 and its two-hundred day moving average price is $125.39.

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 earnings per share (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 for the quarter, compared to analyst estimates of $16.03 billion. During the same period in the previous year, the company earned $3.26 earnings per share. The company's revenue for the quarter was up 16.1% compared to the same quarter last year. Analysts forecast 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.