Royal Bank Of Canada $RY Shares Bought by Paragon Private Wealth Management LLC

Paragon Private Wealth Management LLC raised its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 8.8% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,703 shares of the financial services provider’s stock after purchasing an additional 218 shares during the quarter. Paragon Private Wealth Management LLC’s holdings in Royal Bank Of Canada were worth $305,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Park Square Financial Group LLC purchased a new stake in Royal Bank Of Canada in the fourth quarter valued at $25,000. Sunbelt Securities Inc. raised its position in Royal Bank Of Canada by 2,272.7% in the first quarter. Sunbelt Securities Inc. now owns 261 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 250 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Royal Bank Of Canada in the first quarter valued at $32,000. Cullen Frost Bankers Inc. raised its position in Royal Bank Of Canada by 295.4% in the first quarter. Cullen Frost Bankers Inc. now owns 344 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 257 shares during the period. Finally, AdvisorNet Financial Inc raised its position in Royal Bank Of Canada by 93.7% in the first quarter. AdvisorNet Financial Inc now owns 368 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 178 shares during the period. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Royal Bank Of Canada Price Performance

Shares of NYSE RY opened at $144.67 on Wednesday. The stock’s 50-day moving average is $133.97 and its two-hundred day moving average is $124.51. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.82. Royal Bank Of Canada has a 1-year low of $106.10 and a 1-year high of $147.64. The company has a market cap of $203.29 billion, a price-to-earnings ratio of 15.28, a price-to-earnings-growth ratio of 1.49 and a beta of 0.88.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its quarterly earnings results on Wednesday, August 27th. The financial services provider reported $2.79 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $12.26 billion for the quarter, compared to the consensus estimate of $16.03 billion. During the same quarter in the prior year, the business earned $3.26 EPS. Royal Bank Of Canada’s revenue was up 16.1% on a year-over-year basis. Analysts forecast that Royal Bank Of Canada will post 9.16 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on RY. 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 research report on Friday, August 29th. National Bank Financial lowered Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research report on Friday, May 30th. Cowen reaffirmed a “hold” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 28th. BMO Capital Markets reiterated an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. Finally, Scotiabank reiterated an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.50.

Royal Bank Of Canada 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.