Rockefeller Capital Management L.P. raised its stake in Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 4.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 239,939 shares of the financial services provider's stock after acquiring an additional 10,362 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Royal Bank of Canada were worth $29,924,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Virtu Financial LLC boosted its stake in shares of Royal Bank of Canada by 50.6% during the 1st quarter. Virtu Financial LLC now owns 4,113 shares of the financial services provider's stock worth $415,000 after acquiring an additional 1,382 shares in the last quarter. Cetera Investment Advisers grew its holdings in Royal Bank of Canada by 390.4% in the first quarter. Cetera Investment Advisers now owns 25,057 shares of the financial services provider's stock valued at $2,528,000 after purchasing an additional 19,948 shares during the period. Cetera Advisors LLC increased its position in shares of Royal Bank of Canada by 125.1% in the first quarter. Cetera Advisors LLC now owns 4,558 shares of the financial services provider's stock valued at $460,000 after buying an additional 2,533 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Royal Bank of Canada by 52.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,088 shares of the financial services provider's stock valued at $105,000 after buying an additional 372 shares in the last quarter. Finally, Transcend Capital Advisors LLC raised its stake in shares of Royal Bank of Canada by 6.2% during the 2nd quarter. Transcend Capital Advisors LLC now owns 2,322 shares of the financial services provider's stock worth $247,000 after buying an additional 136 shares during the period. Hedge funds and other institutional investors own 45.31% of the company's stock.
Wall Street Analyst Weigh In
RY has been the topic of a number of research analyst reports. BMO Capital Markets lifted their price target on shares of Royal Bank of Canada from $151.00 to $165.00 and gave the company an "outperform" rating in a research note on Thursday, August 29th. Barclays raised shares of Royal Bank of Canada from an "equal weight" rating to an "overweight" rating in a research note on Thursday, November 21st. Finally, TD Securities lowered shares of Royal Bank of Canada from a "buy" rating to a "hold" rating in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $142.50.
View Our Latest Stock Analysis on RY
Royal Bank of Canada Price Performance
Shares of NYSE RY traded up $0.40 during mid-day trading on Friday, reaching $125.67. The company's stock had a trading volume of 256,739 shares, compared to its average volume of 1,159,234. The stock has a market capitalization of $177.66 billion, a P/E ratio of 15.20, a P/E/G ratio of 1.86 and a beta of 0.86. Royal Bank of Canada has a 1-year low of $88.49 and a 1-year high of $126.96. The stock has a 50-day moving average of $123.61 and a two-hundred day moving average of $115.41. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.87 and a current ratio of 0.87.
Royal Bank of Canada (NYSE:RY - Get Free Report) TSE: RY last released its quarterly earnings data on Wednesday, August 28th. The financial services provider reported $2.38 EPS for the quarter, beating analysts' consensus estimates of $2.15 by $0.23. The company had revenue of $10.68 billion during the quarter, compared to the consensus estimate of $10.40 billion. Royal Bank of Canada had a net margin of 12.28% and a return on equity of 15.17%. On average, equities research analysts anticipate that Royal Bank of Canada will post 8.73 EPS for the current fiscal year.
About Royal Bank of Canada
(
Free Report)
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.
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