Royal Bank Of Canada $RY is PCJ Investment Counsel Ltd.’s 5th Largest Position

PCJ Investment Counsel Ltd. boosted its stake in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 10.5% in the 2nd quarter, Holdings Channel reports. The fund owned 77,970 shares of the financial services provider’s stock after buying an additional 7,430 shares during the period. Royal Bank Of Canada makes up 3.5% of PCJ Investment Counsel Ltd.’s investment portfolio, making the stock its 5th largest position. PCJ Investment Counsel Ltd.’s holdings in Royal Bank Of Canada were worth $10,283,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its stake in shares of Royal Bank Of Canada by 33.1% in 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 period. Envestnet Asset Management Inc. increased its holdings in Royal Bank Of Canada by 1.1% in the first quarter. Envestnet Asset Management Inc. now owns 341,776 shares of the financial services provider’s stock valued at $38,525,000 after buying an additional 3,767 shares in the last quarter. Cerity Partners LLC increased its holdings in Royal Bank Of Canada by 12.2% in the first quarter. Cerity Partners LLC now owns 43,793 shares of the financial services provider’s stock valued at $4,936,000 after buying an additional 4,757 shares in the last quarter. Genus Capital Management Inc. raised its position in shares of Royal Bank Of Canada by 186.3% in the first quarter. Genus Capital Management Inc. now owns 149,397 shares of the financial services provider’s stock worth $16,826,000 after acquiring an additional 322,474 shares during the period. Finally, Ballentine Partners LLC boosted its stake in shares of Royal Bank Of Canada by 8.8% during the 1st quarter. Ballentine Partners LLC now owns 4,685 shares of the financial services provider’s stock worth $528,000 after acquiring an additional 377 shares in the last quarter. Institutional investors and hedge funds own 45.31% of the company’s stock.

Analyst Ratings Changes

RY has been the subject of several recent analyst reports. Barclays restated an “overweight” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 14th. Zacks Research lowered Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. National Bankshares restated a “sector perform” rating on shares of Royal Bank Of Canada in a research report on Friday, August 15th. Wall Street Zen upgraded Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Erste Group Bank raised shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research note on Monday, September 22nd. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Royal Bank Of Canada has an average rating of “Hold” and a consensus price target of $177.50.

Royal Bank Of Canada Stock Performance

NYSE RY opened at $145.33 on Friday. 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 stock’s 50 day simple moving average is $146.14 and its 200-day simple moving average is $135.05. The company has a market cap of $203.99 billion, a PE ratio of 15.35, a price-to-earnings-growth ratio of 1.48 and a beta of 0.86. Royal Bank Of Canada has a 1-year low of $106.10 and a 1-year high of $149.44.

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 EPS for the quarter, topping the consensus estimate of $2.36 by $0.43. The firm had revenue of $12.26 billion during 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 previous year, the business earned $3.26 earnings per share. As a group, equities research analysts anticipate 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.