Chemung Canal Trust Co. Has $438,000 Stock Position in Royal Bank Of Canada $RY

Chemung Canal Trust Co. lessened its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 2.7% during the second quarter, HoldingsChannel.com reports. The fund owned 3,333 shares of the financial services provider’s stock after selling 94 shares during the period. Chemung Canal Trust Co.’s holdings in Royal Bank Of Canada were worth $438,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Brighton Jones LLC grew its holdings in shares of Royal Bank Of Canada by 33.1% during the 4th quarter. Brighton Jones LLC now owns 2,313 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 575 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Royal Bank Of Canada by 236,616.7% during the first quarter. GAMMA Investing LLC now owns 14,203 shares of the financial services provider’s stock worth $1,601,000 after buying an additional 14,197 shares during the last quarter. Verum Partners LLC increased its holdings in shares of Royal Bank Of Canada by 0.8% during the first quarter. Verum Partners LLC now owns 19,674 shares of the financial services provider’s stock worth $2,218,000 after buying an additional 149 shares in the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Royal Bank Of Canada by 2.8% in the 1st quarter. Sivia Capital Partners LLC now owns 3,350 shares of the financial services provider’s stock valued at $378,000 after acquiring an additional 91 shares during the last quarter. Finally, KMG Fiduciary Partners LLC boosted its holdings in shares of Royal Bank Of Canada by 10.8% during the 1st quarter. KMG Fiduciary Partners LLC now owns 19,467 shares of the financial services provider’s stock valued at $2,194,000 after acquiring an additional 1,891 shares in the last quarter. Institutional investors own 45.31% of the company’s stock.

Royal Bank Of Canada Stock Performance

Shares of Royal Bank Of Canada stock opened at $146.95 on Friday. The business has a 50-day moving average price of $140.52 and a two-hundred day moving average price of $129.39. Royal Bank Of Canada has a 1-year low of $106.10 and a 1-year high of $149.26. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.11. The company has a market cap of $206.52 billion, a P/E ratio of 15.52, a PEG ratio of 1.49 and a beta of 0.86.

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 the consensus estimate of $2.36 by $0.43. Royal Bank Of Canada had a return on equity of 16.12% and a net margin of 14.03%.The company had revenue of $12.26 billion for the quarter, compared to analyst estimates of $16.03 billion. During the same quarter in the prior year, the company earned $3.26 EPS. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, analysts anticipate that Royal Bank Of Canada will post 9.16 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have commented on the company. National Bankshares reiterated a “sector perform” rating on shares of Royal Bank Of Canada in a research report on Friday, August 15th. Erste Group Bank upgraded shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research report on Monday, September 22nd. Scotiabank restated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Thursday, August 28th. Wall Street Zen upgraded shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Finally, Cibc World Mkts downgraded Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 5th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $177.50.

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.