1,571 Shares in Royal Bank Of Canada $RY Purchased by Accel Wealth Management

Accel Wealth Management acquired a new position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,571 shares of the financial services provider’s stock, valued at approximately $207,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC raised its position in Royal Bank Of Canada by 1,187.6% in the 1st quarter. Campbell & CO Investment Adviser LLC now owns 25,740 shares of the financial services provider’s stock worth $2,901,000 after purchasing an additional 23,741 shares during the period. Baskin Financial Services Inc. grew its stake in Royal Bank Of Canada by 5.0% in the 1st quarter. Baskin Financial Services Inc. now owns 62,855 shares of the financial services provider’s stock worth $7,079,000 after acquiring an additional 3,006 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in Royal Bank Of Canada by 1.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 341,776 shares of the financial services provider’s stock worth $38,525,000 after acquiring an additional 3,767 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Royal Bank Of Canada by 4.4% in the 1st quarter. JPMorgan Chase & Co. now owns 6,458,212 shares of the financial services provider’s stock worth $727,970,000 after acquiring an additional 271,531 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Royal Bank Of Canada by 4.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 86,847 shares of the financial services provider’s stock worth $9,789,000 after acquiring an additional 3,358 shares in the last quarter. 45.31% of the stock is owned by hedge funds and other institutional investors.

Royal Bank Of Canada Price Performance

NYSE RY opened at $146.95 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.82 and a current ratio of 0.82. The firm’s 50 day moving average price is $140.52 and its 200-day moving average price is $129.50. Royal Bank Of Canada has a 52-week low of $106.10 and a 52-week high of $149.26. The company has a market cap of $206.52 billion, a PE ratio of 15.52, a P/E/G ratio of 1.49 and a beta of 0.86.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings data on Wednesday, August 27th. The financial services provider reported $2.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.43. Royal Bank Of Canada had a net margin of 14.03% and a return on equity of 16.12%. The firm had revenue of $12.26 billion for the quarter, compared to the consensus estimate of $16.03 billion. During the same period last year, the firm earned $3.26 earnings per share. The company’s quarterly revenue was up 16.1% on a year-over-year basis. Sell-side analysts forecast that Royal Bank Of Canada will post 9.16 EPS for the current fiscal year.

Analysts Set New Price Targets

RY has been the topic of a number of research analyst reports. Argus upped their target price on shares of Royal Bank Of Canada from $140.00 to $162.00 and gave the stock a “buy” rating in a research note on Friday, August 29th. Erste Group Bank upgraded shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research note on Monday, September 22nd. Scotiabank restated an “outperform” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 28th. National Bankshares restated a “sector perform” rating on shares of Royal Bank Of Canada in a research note on Friday, August 15th. Finally, Cowen restated a “hold” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 28th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.