Capital Fund Management S.A. Reduces Stock Holdings in Royal Bank Of Canada $RY

Capital Fund Management S.A. reduced its stake in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 6.8% during the second quarter, Holdings Channel reports. The firm owned 73,510 shares of the financial services provider’s stock after selling 5,398 shares during the quarter. Capital Fund Management S.A.’s holdings in Royal Bank Of Canada were worth $9,670,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Quadrant Capital Group LLC increased its position in shares of Royal Bank Of Canada by 10.9% during the second quarter. Quadrant Capital Group LLC now owns 45,294 shares of the financial services provider’s stock valued at $5,958,000 after buying an additional 4,435 shares during the period. Te Ahumairangi Investment Management Ltd grew its holdings in shares of Royal Bank Of Canada by 2.9% during the 2nd quarter. Te Ahumairangi Investment Management Ltd now owns 31,210 shares of the financial services provider’s stock worth $4,105,000 after acquiring an additional 870 shares during the period. Choreo LLC raised its position in shares of Royal Bank Of Canada by 4.2% in the 2nd quarter. Choreo LLC now owns 2,088 shares of the financial services provider’s stock worth $275,000 after acquiring an additional 84 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Royal Bank Of Canada by 4.1% in the 2nd quarter. Russell Investments Group Ltd. now owns 767,934 shares of the financial services provider’s stock valued at $100,865,000 after purchasing an additional 30,027 shares during the period. Finally, J.W. Cole Advisors Inc. boosted its position in shares of Royal Bank Of Canada by 0.9% during the second quarter. J.W. Cole Advisors Inc. now owns 27,841 shares of the financial services provider’s stock valued at $3,663,000 after purchasing an additional 245 shares in the last quarter. 45.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Bank Of Canada in a report on Wednesday, October 8th. Cibc World Mkts lowered shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 5th. Cowen reissued a “hold” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 28th. Wall Street Zen upgraded shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. Eight equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $177.50.

Royal Bank Of Canada Trading Up 1.0%

NYSE:RY opened at $154.69 on Friday. The stock has a market cap of $216.67 billion, a price-to-earnings ratio of 16.34, a PEG ratio of 1.48 and a beta of 0.86. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.11. The company’s 50 day moving average price is $147.38 and its 200-day moving average price is $138.28. Royal Bank Of Canada has a 52 week low of $106.10 and a 52 week high of $154.64.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings data on Wednesday, August 27th. The financial services provider reported $2.79 earnings per share for the quarter, topping analysts’ consensus estimates of $2.36 by $0.43. Royal Bank Of Canada had a net margin of 14.03% and a return on equity of 16.12%. The company had revenue of $12.26 billion during the quarter, compared to analyst estimates of $16.03 billion. During the same period in the previous year, the business earned $3.26 EPS. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. On average, equities research analysts forecast 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.