Royal Bank Of Canada $RY Shares Bought by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC increased its holdings in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 150.6% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 64,498 shares of the financial services provider’s stock after buying an additional 38,758 shares during the quarter. Royal Bank Of Canada accounts for about 0.5% of Campbell & CO Investment Adviser LLC’s holdings, making the stock its 7th biggest holding. Campbell & CO Investment Adviser LLC’s holdings in Royal Bank Of Canada were worth $8,485,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its stake in Royal Bank Of Canada by 129.9% during the first quarter. Goldman Sachs Group Inc. now owns 7,063,761 shares of the financial services provider’s stock worth $796,227,000 after acquiring an additional 3,990,839 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Royal Bank Of Canada by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 62,571,520 shares of the financial services provider’s stock valued at $7,048,307,000 after purchasing an additional 3,387,971 shares during the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Royal Bank Of Canada by 104.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,346,768 shares of the financial services provider’s stock valued at $715,043,000 after purchasing an additional 3,244,266 shares during the last quarter. Bank of Nova Scotia increased its position in Royal Bank Of Canada by 8.0% during the 1st quarter. Bank of Nova Scotia now owns 16,802,214 shares of the financial services provider’s stock worth $1,892,975,000 after purchasing an additional 1,249,589 shares in the last quarter. Finally, Nuveen LLC bought a new position in Royal Bank Of Canada in the 1st quarter valued at approximately $114,327,000. Institutional investors own 45.31% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Cibc World Mkts cut shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Bank Of Canada in a report on Wednesday, October 8th. Erste Group Bank upgraded Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research report on Monday, September 22nd. Argus upped their target price on Royal Bank Of Canada from $140.00 to $162.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Finally, Cowen reissued a “hold” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 28th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Royal Bank Of Canada currently has an average rating of “Hold” and an average target price of $177.50.

Royal Bank Of Canada Price Performance

Royal Bank Of Canada stock opened at $145.33 on Friday. The stock’s 50 day moving average is $146.14 and its 200 day moving average is $135.17. Royal Bank Of Canada has a one year low of $106.10 and a one year high of $149.44. The firm has a market cap of $203.99 billion, a P/E ratio of 15.35, a P/E/G ratio of 1.48 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 (NYSE:RY) (TSE:RY) last released its earnings results on Wednesday, August 27th. The financial services provider reported $2.79 earnings per share for the quarter, beating analysts’ consensus estimates of $2.36 by $0.43. Royal Bank Of Canada had a net margin of 14.03% and a return on equity of 16.12%. The business had revenue of $12.26 billion during the quarter, compared to the consensus estimate of $16.03 billion. During the same quarter in the prior year, the firm posted $3.26 EPS. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, research analysts expect that Royal Bank Of Canada will post 9.16 EPS for the current 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.