Cobblestone Capital Advisors LLC NY Sells 1,768 Shares of Royal Bank of Canada (NYSE:RY)

Cobblestone Capital Advisors LLC NY lowered its position in Royal Bank of Canada (NYSE:RY) (TSE:RY) by 37.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,000 shares of the financial services provider’s stock after selling 1,768 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Royal Bank of Canada were worth $374,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. FMR LLC grew its holdings in shares of Royal Bank of Canada by 75.8% in the third quarter. FMR LLC now owns 17,866,021 shares of the financial services provider’s stock valued at $2,229,834,000 after acquiring an additional 7,702,585 shares in the last quarter. National Bank of Canada FI boosted its position in Royal Bank of Canada by 16.7% in the second quarter. National Bank of Canada FI now owns 20,232,204 shares of the financial services provider’s stock worth $2,141,681,000 after purchasing an additional 2,901,033 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Royal Bank of Canada by 165.1% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,896,755 shares of the financial services provider’s stock valued at $361,532,000 after purchasing an additional 1,804,022 shares during the period. International Assets Investment Management LLC purchased a new stake in shares of Royal Bank of Canada during the 3rd quarter valued at $153,217,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Royal Bank of Canada by 18.2% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,336,354 shares of the financial services provider’s stock worth $291,925,000 after purchasing an additional 359,719 shares during the period. 45.31% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. TD Securities lowered shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. BMO Capital Markets boosted their target price 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. Finally, Barclays upgraded shares of Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $142.50.

Royal Bank of Canada Price Performance

NYSE RY opened at $125.67 on Monday. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.12. The company has a market cap of $177.66 billion, a PE ratio of 15.20, a price-to-earnings-growth ratio of 1.86 and a beta of 0.86. Royal Bank of Canada has a 52 week low of $88.49 and a 52 week high of $126.96. The firm’s 50-day simple moving average is $123.61 and its two-hundred day simple moving average is $115.48.

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.