Genus Capital Management Inc. Has $20.03 Million Stock Holdings in Royal Bank Of Canada $RY

Genus Capital Management Inc. raised its stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 1.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 152,262 shares of the financial services provider’s stock after purchasing an additional 2,865 shares during the quarter. Royal Bank Of Canada accounts for 2.6% of Genus Capital Management Inc.’s portfolio, making the stock its 3rd biggest position. Genus Capital Management Inc.’s holdings in Royal Bank Of Canada were worth $20,027,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Trust Co of the South lifted its position in Royal Bank Of Canada by 0.3% in the second quarter. Trust Co of the South now owns 25,121 shares of the financial services provider’s stock valued at $3,305,000 after purchasing an additional 78 shares during the last quarter. Brucke Financial Inc. raised its holdings in shares of 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 valued at $561,000 after acquiring an additional 79 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of 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 valued at $82,000 after acquiring an additional 84 shares in the last quarter. Contravisory Investment Management Inc. raised its holdings in shares of 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 valued at $268,000 after acquiring 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 first quarter. Csenge Advisory Group now owns 2,197 shares of the financial services provider’s stock valued at $255,000 after acquiring an additional 91 shares in the last quarter. Institutional investors own 45.31% of the company’s stock.

Wall Street Analysts Forecast Growth

RY has been the subject of a number of recent analyst reports. Cowen restated a “hold” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. Scotiabank restated an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. Argus upped their target price on Royal Bank Of Canada from $140.00 to $162.00 and gave the company a “buy” rating in a report on Friday, August 29th. National Bankshares restated a “sector perform” rating on shares of Royal Bank Of Canada in a report on Friday, August 15th. Finally, Barclays restated an “overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, August 14th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Royal Bank Of Canada has a consensus rating of “Hold” and an average price target of $177.50.

Royal Bank Of Canada Price Performance

Shares of RY stock opened at $145.71 on Wednesday. The stock has a market cap of $204.53 billion, a price-to-earnings ratio of 15.39, a PEG ratio of 1.48 and a beta of 0.86. The business’s fifty day moving average is $146.14 and its 200 day moving average is $134.69. Royal Bank Of Canada has a twelve month low of $106.10 and a twelve month high of $149.44. The company has a quick ratio of 0.82, a current 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 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. The company had revenue of $12.26 billion for the quarter, compared to analysts’ expectations of $16.03 billion. Royal Bank Of Canada had a return on equity of 16.12% and a net margin of 14.03%.The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.26 earnings per share. Research analysts expect that Royal Bank Of Canada will post 9.16 EPS 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.