Royal Bank Of Canada $RY Shares Acquired by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. raised its stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,746 shares of the financial services provider’s stock after purchasing an additional 1,000 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Royal Bank Of Canada were worth $4,965,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of RY. Sunbelt Securities Inc. raised its holdings in Royal Bank Of Canada by 2,272.7% in the first quarter. Sunbelt Securities Inc. now owns 261 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 250 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Royal Bank Of Canada in the 1st quarter valued at $32,000. Roxbury Financial LLC raised its holdings in shares of Royal Bank Of Canada by 44.3% in the 2nd quarter. Roxbury Financial LLC now owns 339 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 104 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings in shares of Royal Bank Of Canada by 295.4% in the 1st quarter. Cullen Frost Bankers Inc. now owns 344 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 257 shares in the last quarter. Finally, Wayfinding Financial LLC acquired a new stake in Royal Bank Of Canada in the first quarter valued at $45,000. Institutional investors and hedge funds own 45.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on RY. National Bankshares restated a “sector perform” rating on shares of Royal Bank Of Canada in a research note on Friday, August 15th. Cowen reissued a “hold” rating on shares of Royal Bank Of Canada in a research report on Thursday, August 28th. Scotiabank reissued an “outperform” rating on shares of Royal Bank Of Canada in a research report on Thursday, August 28th. Argus raised 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 report on Friday, August 29th. Finally, Cibc World Mkts cut shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 5th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.50.

Royal Bank Of Canada Stock Performance

Shares of Royal Bank Of Canada stock opened at $146.95 on Friday. The firm’s fifty day simple moving average is $140.52 and its 200-day simple moving average is $129.29. The stock has a market capitalization of $206.52 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 1.48 and a beta of 0.86. Royal Bank Of Canada has a 12 month low of $106.10 and a 12 month high of $149.26. 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 announced its earnings results on Wednesday, August 27th. The financial services provider reported $2.79 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.43. The business had revenue of $12.26 billion for the quarter, compared to analysts’ expectations of $16.03 billion. Royal Bank Of Canada had a net margin of 14.03% and a return on equity of 16.12%. The company’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the company posted $3.26 EPS. As a group, equities 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.