Ativo Capital Management LLC Decreases Stake in Royal Bank Of Canada $RY

Ativo Capital Management LLC reduced its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 3.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,845 shares of the financial services provider’s stock after selling 336 shares during the period. Ativo Capital Management LLC’s holdings in Royal Bank Of Canada were worth $1,427,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Trust Co of the South lifted its stake in Royal Bank Of Canada by 0.3% in 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 purchasing an additional 78 shares in the last quarter. Brucke Financial Inc. lifted its position in Royal Bank Of Canada by 1.9% during the second 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 in the last quarter. SBI Securities Co. Ltd. lifted its position in Royal Bank Of Canada by 13.0% during the first quarter. SBI Securities Co. Ltd. now owns 729 shares of the financial services provider’s stock worth $82,000 after buying an additional 84 shares in the last quarter. Contravisory Investment Management Inc. lifted its position in Royal Bank Of Canada by 4.3% during the second quarter. Contravisory Investment Management Inc. now owns 2,041 shares of the financial services provider’s stock worth $268,000 after buying an additional 85 shares in the last quarter. Finally, Csenge Advisory Group raised its holdings in shares of Royal Bank Of Canada by 4.3% during the 1st quarter. Csenge Advisory Group now owns 2,197 shares of the financial services provider’s stock worth $255,000 after acquiring an additional 91 shares during the period. 45.31% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Argus lifted their price target on Royal Bank Of Canada from $140.00 to $162.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Bank Of Canada in a research note on Wednesday, October 8th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research report on Thursday, August 28th. Erste Group Bank raised shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research report on Monday, September 22nd. Finally, Barclays restated an “overweight” rating on shares of Royal Bank Of Canada in a research report on Thursday, August 14th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $177.50.

Royal Bank Of Canada Stock Up 0.6%

Shares of NYSE:RY opened at $144.53 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a market capitalization of $203.11 billion, a PE ratio of 15.26, a price-to-earnings-growth ratio of 1.45 and a beta of 0.86. The firm’s 50-day moving average is $142.42 and its two-hundred day moving average is $130.78. Royal Bank Of Canada has a 1 year low of $106.10 and a 1 year high of $149.26.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its earnings results on Wednesday, August 27th. The financial services provider reported $2.79 earnings per share for the quarter, topping the consensus estimate 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 in the prior year, the firm earned $3.26 EPS. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. Analysts predict that Royal Bank Of Canada will post 9.16 EPS for the current year.

Royal Bank Of Canada 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.