Community Bank N.A. Sells 410 Shares of Royal Bank Of Canada $RY

Community Bank N.A. lessened its position in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 4.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,684 shares of the financial services provider’s stock after selling 410 shares during the quarter. Community Bank N.A.’s holdings in Royal Bank Of Canada were worth $1,274,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Trust Co of the South raised its stake in shares of Royal Bank Of Canada by 0.3% during the 2nd quarter. Trust Co of the South now owns 25,121 shares of the financial services provider’s stock worth $3,305,000 after acquiring an additional 78 shares in the last quarter. Brucke Financial Inc. raised its stake in shares of Royal Bank Of Canada by 1.9% during the 2nd quarter. Brucke Financial Inc. now owns 4,264 shares of the financial services provider’s stock worth $561,000 after acquiring an additional 79 shares in the last quarter. SBI Securities Co. Ltd. raised its stake in shares of Royal Bank Of Canada by 13.0% during the 1st quarter. SBI Securities Co. Ltd. now owns 729 shares of the financial services provider’s stock worth $82,000 after acquiring an additional 84 shares in the last quarter. Contravisory Investment Management Inc. raised its stake in shares of Royal Bank Of Canada by 4.3% during the 2nd quarter. Contravisory Investment Management Inc. now owns 2,041 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 85 shares in the last quarter. Finally, Csenge Advisory Group raised its stake in shares of Royal Bank Of Canada by 4.3% during the 1st quarter. Csenge Advisory Group now owns 2,197 shares of the financial services provider’s stock worth $255,000 after acquiring an additional 91 shares in the last quarter. Institutional investors own 45.31% of the company’s stock.

Analyst Ratings Changes

RY has been the subject of several recent analyst reports. Argus boosted their price objective on shares of Royal Bank Of Canada from $140.00 to $162.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Barclays restated an “overweight” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 14th. 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. Wall Street Zen lowered shares of Royal Bank Of Canada from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Royal Bank Of Canada in a research note on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.50.

Royal Bank Of Canada Stock Up 0.6%

RY stock opened at $144.53 on Tuesday. The firm’s fifty day simple moving average is $142.42 and its 200-day simple moving average is $130.78. The company has a market capitalization of $203.11 billion, a P/E ratio of 15.26, a price-to-earnings-growth 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. Royal Bank Of Canada has a 12 month low of $106.10 and a 12 month high of $149.26.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings data on Wednesday, August 27th. The financial services provider reported $2.79 EPS for the quarter, beating 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%. The business’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.26 EPS. As a group, equities research analysts forecast that Royal Bank Of Canada will post 9.16 earnings per share for the current year.

Royal Bank Of Canada Company 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.