US Bancorp DE Acquires 897 Shares of Royal Bank Of Canada $RY

US Bancorp DE lifted its holdings in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 1.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 73,525 shares of the financial services provider’s stock after purchasing an additional 897 shares during the period. US Bancorp DE’s holdings in Royal Bank Of Canada were worth $9,672,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Columbus Macro LLC bought a new stake in shares of Royal Bank Of Canada during the second quarter worth $2,339,000. Vontobel Holding Ltd. boosted its holdings in Royal Bank Of Canada by 0.6% in the second quarter. Vontobel Holding Ltd. now owns 92,059 shares of the financial services provider’s stock valued at $12,141,000 after acquiring an additional 504 shares during the last quarter. Maryland State Retirement & Pension System boosted its holdings in Royal Bank Of Canada by 0.4% in the second quarter. Maryland State Retirement & Pension System now owns 133,267 shares of the financial services provider’s stock valued at $17,577,000 after acquiring an additional 570 shares during the last quarter. Sax Wealth Advisors LLC bought a new position in Royal Bank Of Canada in the second quarter valued at about $437,000. Finally, Canopy Partners LLC boosted its holdings in Royal Bank Of Canada by 3.5% in the second quarter. Canopy Partners LLC now owns 2,899 shares of the financial services provider’s stock valued at $381,000 after acquiring an additional 98 shares during the last quarter. Institutional investors own 45.31% of the company’s stock.

Analyst Ratings Changes

RY has been the topic of several recent research reports. Scotiabank reiterated an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. Erste Group Bank upgraded Royal Bank Of Canada from a “hold” rating to a “buy” rating in a report on Monday, September 22nd. Wall Street Zen cut Royal Bank Of Canada from a “hold” rating to a “sell” rating in a report on Saturday. Barclays reiterated an “overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, August 14th. Finally, National Bankshares reiterated a “sector perform” rating on shares of Royal Bank Of Canada in a report on Friday, August 15th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $177.50.

Royal Bank Of Canada Trading Down 1.1%

NYSE RY opened at $143.61 on Friday. The firm has a market cap of $201.82 billion, a P/E ratio of 15.16, a P/E/G ratio of 1.45 and a beta of 0.86. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.82. The stock’s 50-day moving average is $142.13 and its 200-day moving average is $130.44. Royal Bank Of Canada has a one year low of $106.10 and a one year high of $149.26.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings results on Wednesday, August 27th. The financial services provider reported $2.79 EPS for the quarter, topping analysts’ consensus estimates of $2.36 by $0.43. The company had revenue of $12.26 billion for the quarter, compared to analyst estimates of $16.03 billion. Royal Bank Of Canada had a return on equity of 16.12% and a net margin of 14.03%.Royal Bank Of Canada’s revenue was up 16.1% compared to the same quarter last year. During the same quarter last year, the firm posted $3.26 earnings per share. Sell-side analysts anticipate that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal 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.