Royal Bank Of Canada $RY Holdings Lowered by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC decreased its stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 10.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 3,397 shares of the financial services provider’s stock after selling 415 shares during the quarter. Kingsview Wealth Management LLC’s holdings in Royal Bank Of Canada were worth $447,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC grew its stake in shares of Royal Bank Of Canada by 1,187.6% in the 1st quarter. Campbell & CO Investment Adviser LLC now owns 25,740 shares of the financial services provider’s stock valued at $2,901,000 after buying an additional 23,741 shares in the last quarter. Baskin Financial Services Inc. lifted its stake in Royal Bank Of Canada by 3.3% in the second quarter. Baskin Financial Services Inc. now owns 64,946 shares of the financial services provider’s stock valued at $8,558,000 after acquiring an additional 2,091 shares during the last quarter. Savant Capital LLC lifted its stake in Royal Bank Of Canada by 37.8% in the second quarter. Savant Capital LLC now owns 11,590 shares of the financial services provider’s stock valued at $1,525,000 after acquiring an additional 3,179 shares during the last quarter. JPMorgan Chase & Co. grew its position in Royal Bank Of Canada by 4.4% in the first quarter. JPMorgan Chase & Co. now owns 6,458,212 shares of the financial services provider’s stock worth $727,970,000 after acquiring an additional 271,531 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Royal Bank Of Canada by 4.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 86,847 shares of the financial services provider’s stock worth $9,789,000 after purchasing an additional 3,358 shares during the last quarter. Institutional investors and hedge funds own 45.31% of the company’s stock.

Royal Bank Of Canada Stock Up 1.7%

Shares of RY stock opened at $149.86 on Friday. Royal Bank Of Canada has a 12 month low of $106.10 and a 12 month high of $150.25. The firm has a market cap of $209.90 billion, a PE ratio of 15.82, a price-to-earnings-growth ratio of 1.48 and a beta of 0.86. The stock has a 50 day moving average of $146.75 and a 200-day moving average of $137.05. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.11.

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. The business 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%. Royal Bank Of Canada’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the company posted $3.26 earnings per share. On average, equities analysts predict that Royal Bank Of Canada will post 9.16 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. 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. National Bankshares reiterated a “sector perform” rating on shares of Royal Bank Of Canada in a research note on Friday, August 15th. Erste Group Bank raised Royal Bank Of Canada from a “hold” rating to a “buy” rating in a report on Monday, September 22nd. Barclays restated an “overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, August 14th. Finally, Cowen reaffirmed a “hold” rating on shares of Royal Bank Of Canada in a research report on Thursday, August 28th. Six equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company 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.