Royal Bank of Canada (NYSE:RY) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in shares of Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 10.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,808,197 shares of the financial services provider's stock after selling 203,351 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.13% of Royal Bank of Canada worth $225,536,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Virtu Financial LLC increased its position 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 purchasing an additional 1,382 shares during the last quarter. Cetera Investment Advisers increased its position in shares of Royal Bank of Canada by 390.4% during the 1st quarter. Cetera Investment Advisers now owns 25,057 shares of the financial services provider's stock worth $2,528,000 after purchasing an additional 19,948 shares during the last quarter. Cetera Advisors LLC increased its position in shares of Royal Bank of Canada by 125.1% during the 1st quarter. Cetera Advisors LLC now owns 4,558 shares of the financial services provider's stock worth $460,000 after purchasing an additional 2,533 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Royal Bank of Canada by 52.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,088 shares of the financial services provider's stock valued at $105,000 after acquiring an additional 372 shares in the last quarter. Finally, Transcend Capital Advisors LLC grew its position in Royal Bank of Canada by 6.2% in the 2nd quarter. Transcend Capital Advisors LLC now owns 2,322 shares of the financial services provider's stock valued at $247,000 after acquiring an additional 136 shares in the last quarter. Hedge funds and other institutional investors own 45.31% of the company's stock.

Wall Street Analyst Weigh In

RY has been the subject of several research reports. Barclays raised Royal Bank of Canada from an "equal weight" rating to an "overweight" rating in a research report on Thursday, November 21st. TD Securities downgraded Royal Bank of Canada from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Finally, BMO Capital Markets lifted their target price on Royal Bank of Canada from $151.00 to $165.00 and gave the company an "outperform" rating in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $142.50.

Royal Bank of Canada Stock Performance

NYSE RY traded up $0.40 on Friday, reaching $125.67. The stock had a trading volume of 256,739 shares, compared to its average volume of 1,091,148. 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 has a 12-month low of $88.49 and a 12-month high of $126.96. The business's 50-day moving average price is $123.61 and its 200 day moving average price is $115.33. The stock has a market cap of $177.66 billion, a P/E ratio of 15.20, a price-to-earnings-growth ratio of 1.86 and a beta of 0.86.

Royal Bank of Canada (NYSE:RY - Get Free Report) TSE: RY last issued its quarterly earnings data on Wednesday, August 28th. The financial services provider reported $2.38 earnings per share for the quarter, beating analysts' consensus estimates of $2.15 by $0.23. Royal Bank of Canada had a return on equity of 15.17% and a net margin of 12.28%. The company had revenue of $10.68 billion during the quarter, compared to analysts' expectations of $10.40 billion. As a group, equities analysts expect that Royal Bank of Canada will post 8.73 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.