Vident Advisory LLC grew its holdings in Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 43.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,582 shares of the financial services provider's stock after acquiring an additional 1,985 shares during the period. Vident Advisory LLC's holdings in Royal Bank Of Canada were worth $742,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Goldman Sachs Group Inc. lifted its stake in shares of 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 in the last quarter. Vanguard Group Inc. grew its stake in shares of Royal Bank Of Canada by 5.7% in the first quarter. Vanguard Group Inc. now owns 62,571,520 shares of the financial services provider's stock valued at $7,048,307,000 after buying an additional 3,387,971 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Royal Bank Of Canada by 104.6% during 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 buying an additional 3,244,266 shares during the period. Bank of Nova Scotia lifted its position in 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 acquiring an additional 1,249,589 shares in the last quarter. Finally, Nuveen LLC acquired a new position in Royal Bank Of Canada during the 1st quarter worth approximately $114,327,000. Institutional investors and hedge funds own 45.31% of the company's stock.
Royal Bank Of Canada Stock Down 0.8%
RY stock traded down $1.24 during mid-day trading on Friday, hitting $144.58. 974,951 shares of the company were exchanged, compared to its average volume of 1,105,927. The firm has a fifty day simple moving average of $134.93 and a 200 day simple moving average of $125.04. The company has a market capitalization of $203.16 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 1.48 and a beta of 0.88. Royal Bank Of Canada has a twelve month low of $106.10 and a twelve month high of $147.64. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.11.
Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last issued its earnings results on Wednesday, August 27th. The financial services provider reported $2.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 prior year, the business posted $3.26 EPS. On average, research analysts forecast that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal year.
Analysts Set New Price Targets
RY has been the subject of several recent research reports. Cowen reaffirmed a "hold" rating on shares of Royal Bank Of Canada in a research report on Thursday, August 28th. Wall Street Zen upgraded shares of Royal Bank Of Canada from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. CIBC lowered shares of Royal Bank Of Canada from a "sector outperform" rating to a "neutral" rating in a report on Friday. Argus lifted their price target on shares of Royal Bank Of Canada from $140.00 to $162.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Royal Bank Of Canada in a research report on Thursday, August 28th. Four analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $177.50.
Get Our Latest Stock Analysis on Royal Bank Of Canada
Royal Bank Of Canada Profile
(
Free Report)
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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