Royal Bank Of Canada $RY Shares Bought by Savant Capital LLC

Savant Capital LLC grew its position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 37.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,590 shares of the financial services provider’s stock after purchasing an additional 3,179 shares during the quarter. Savant Capital LLC’s holdings in Royal Bank Of Canada were worth $1,525,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Valtinson Bruner Financial Planning LLC acquired a new stake in shares of Royal Bank Of Canada during the 2nd quarter worth about $226,000. Modera Wealth Management LLC increased its stake in Royal Bank Of Canada by 1.9% in the second quarter. Modera Wealth Management LLC now owns 8,304 shares of the financial services provider’s stock valued at $1,092,000 after purchasing an additional 154 shares during the last quarter. Soltis Investment Advisors LLC acquired a new stake in Royal Bank Of Canada during the second quarter worth approximately $529,000. First Horizon Advisors Inc. lifted its position in shares of Royal Bank Of Canada by 29.4% during the 2nd quarter. First Horizon Advisors Inc. now owns 796 shares of the financial services provider’s stock worth $105,000 after buying an additional 181 shares during the last quarter. Finally, Genus Capital Management Inc. boosted its holdings in shares of Royal Bank Of Canada by 1.9% in the 2nd quarter. Genus Capital Management Inc. now owns 152,262 shares of the financial services provider’s stock valued at $20,027,000 after buying an additional 2,865 shares in the last quarter. Institutional investors and hedge funds own 45.31% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on RY shares. National Bankshares restated a “sector perform” rating on shares of Royal Bank Of Canada in a research note on Friday, August 15th. Scotiabank restated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Thursday, August 28th. Zacks Research cut shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. BMO Capital Markets reiterated an “outperform” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 28th. Finally, Cowen restated a “hold” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 28th. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $177.50.

Royal Bank Of Canada Stock Performance

NYSE RY opened at $147.64 on Wednesday. Royal Bank Of Canada has a 1-year low of $106.10 and a 1-year high of $149.44. The company has a market capitalization of $207.23 billion, a P/E ratio of 15.59, a PEG ratio of 1.48 and a beta of 0.86. The business has a 50 day moving average price of $146.23 and a 200 day moving average price of $135.71. 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 (NYSE:RY) (TSE:RY) last announced its quarterly earnings results on Wednesday, August 27th. The financial services provider reported $2.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.43. The company had revenue of $12.26 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.26 earnings per share. Sell-side analysts expect that Royal Bank Of Canada will post 9.16 EPS 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.