Royal Bank Of Canada $RY Stock Position Raised by Acadian Asset Management LLC

Acadian Asset Management LLC lifted its stake in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 84.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 273,644 shares of the financial services provider’s stock after acquiring an additional 125,044 shares during the quarter. Acadian Asset Management LLC’s holdings in Royal Bank Of Canada were worth $30,810,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Geneos Wealth Management Inc. boosted its stake in shares of Royal Bank Of Canada by 6.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 3,766 shares of the financial services provider’s stock worth $425,000 after acquiring an additional 218 shares in the last quarter. Intech Investment Management LLC boosted its stake in shares of Royal Bank Of Canada by 22.6% during the 1st quarter. Intech Investment Management LLC now owns 126,753 shares of the financial services provider’s stock worth $14,276,000 after acquiring an additional 23,360 shares in the last quarter. Integrity Alliance LLC. bought a new stake in shares of Royal Bank Of Canada during the 1st quarter worth $545,000. Plato Investment Management Ltd boosted its stake in shares of Royal Bank Of Canada by 21.3% during the 1st quarter. Plato Investment Management Ltd now owns 30,192 shares of the financial services provider’s stock worth $3,438,000 after acquiring an additional 5,305 shares in the last quarter. Finally, SCS Capital Management LLC bought a new stake in shares of Royal Bank Of Canada during the 1st quarter worth $356,000. 45.31% of the stock is owned by institutional investors.

Royal Bank Of Canada Price Performance

Shares of NYSE:RY opened at $144.20 on Thursday. 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 has a 1 year low of $106.10 and a 1 year high of $147.64. The business has a fifty day simple moving average of $135.69 and a 200 day simple moving average of $125.52. The firm has a market cap of $202.64 billion, a price-to-earnings ratio of 15.23, a P/E/G ratio of 1.48 and a beta of 0.88.

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 (EPS) 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 business had revenue of $12.26 billion during the quarter, compared to analyst estimates of $16.03 billion. During the same period last year, the company earned $3.26 earnings per share. Royal Bank Of Canada’s quarterly revenue was up 16.1% compared to the same quarter last year. As a group, sell-side analysts predict that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on RY. National Bankshares reissued a “sector perform” rating on shares of Royal Bank Of Canada in a research note on Friday, August 15th. CIBC lowered Royal Bank Of Canada from a “sector outperform” rating to a “neutral” rating in a report on Friday, September 5th. Cibc World Mkts lowered Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 5th. National Bank Financial lowered Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a report on Friday, May 30th. Finally, Cowen restated a “hold” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. Four investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $177.50.

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.