Muirfield Wealth Advisors LLC Increases Stake in Royal Bank Of Canada $RY

Muirfield Wealth Advisors LLC grew its position in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,922 shares of the financial services provider’s stock after buying an additional 120 shares during the quarter. Royal Bank Of Canada accounts for 1.8% of Muirfield Wealth Advisors LLC’s investment portfolio, making the stock its 17th largest holding. Muirfield Wealth Advisors LLC’s holdings in Royal Bank Of Canada were worth $2,226,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the company. Trust Co of the South raised its position in Royal Bank Of Canada by 0.3% during the 2nd quarter. Trust Co of the South now owns 25,121 shares of the financial services provider’s stock worth $3,305,000 after buying an additional 78 shares during the last quarter. Brucke Financial Inc. raised its position in Royal Bank Of Canada by 1.9% during the 2nd quarter. Brucke Financial Inc. now owns 4,264 shares of the financial services provider’s stock worth $561,000 after buying an additional 79 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of Royal Bank Of Canada by 13.0% in the 1st quarter. SBI Securities Co. Ltd. now owns 729 shares of the financial services provider’s stock valued at $82,000 after purchasing an additional 84 shares in the last quarter. Contravisory Investment Management Inc. increased its holdings in shares of Royal Bank Of Canada by 4.3% in the 2nd quarter. Contravisory Investment Management Inc. now owns 2,041 shares of the financial services provider’s stock valued at $268,000 after purchasing an additional 85 shares in the last quarter. Finally, Csenge Advisory Group increased its holdings in shares of Royal Bank Of Canada by 4.3% in the 1st quarter. Csenge Advisory Group now owns 2,197 shares of the financial services provider’s stock valued at $255,000 after purchasing an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on RY. Cowen reiterated a “hold” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. Scotiabank reiterated an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. Argus increased their price target on shares of Royal Bank Of Canada from $140.00 to $162.00 and gave the company a “buy” rating in a report on Friday, August 29th. Erste Group Bank upgraded shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a report on Monday, September 22nd. Finally, CIBC downgraded shares of Royal Bank Of Canada from a “sector outperform” rating to a “neutral” 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $177.50.

Royal Bank Of Canada Price Performance

Shares of NYSE RY opened at $143.61 on Friday. The stock has a market cap of $201.82 billion, a price-to-earnings ratio of 15.16, a PEG ratio of 1.45 and a beta of 0.86. Royal Bank Of Canada has a 52 week low of $106.10 and a 52 week high of $149.26. The company’s 50-day moving average price is $142.13 and its 200 day moving average price is $130.44. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.11.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its quarterly earnings data 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 firm 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 firm’s revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the company earned $3.26 EPS. As a group, research analysts forecast that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal year.

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.