Sanctuary Advisors LLC Takes $3.33 Million Position in Royal Bank Of Canada $RY

Sanctuary Advisors LLC acquired a new position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 16,109 shares of the financial services provider’s stock, valued at approximately $3,334,000.

Other large investors have also made changes to their positions in the company. Harvest Fund Management Co. Ltd bought a new position in Royal Bank Of Canada in the 4th quarter worth approximately $25,000. Key Financial Inc boosted its position in shares of Royal Bank Of Canada by 63.0% in the first quarter. Key Financial Inc now owns 163 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 63 shares during the period. Johnson Financial Group Inc. acquired a new stake in shares of Royal Bank Of Canada in the third quarter worth $27,000. BOK Financial Private Wealth Inc. acquired a new stake in shares of Royal Bank Of Canada in the second quarter worth $28,000. Finally, Maseco LLP increased its position in Royal Bank Of Canada by 355.0% during the first quarter. Maseco LLP now owns 182 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 142 shares during the period. Institutional investors and hedge funds own 45.31% of the company’s stock.

Royal Bank Of Canada Stock Up 1.6%

Shares of RY stock opened at $207.24 on Wednesday. The stock has a market cap of $287.36 billion, a P/E ratio of 18.62, a price-to-earnings-growth ratio of 1.53 and a beta of 0.80. Royal Bank Of Canada has a one year low of $136.10 and a one year high of $218.57. The stock has a fifty day moving average price of $208.79 and a 200 day moving average price of $187.29. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.82 and a quick ratio of 0.82.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings results on Thursday, May 28th. The financial services provider reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.03. The firm had revenue of $12.84 billion for the quarter, compared to the consensus estimate of $12.74 billion. Royal Bank Of Canada had a net margin of 15.92% and a return on equity of 17.68%. The business’s revenue was up 11.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.12 earnings per share. Analysts predict that Royal Bank Of Canada will post 11.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on RY shares. Barclays reiterated an “overweight” rating on shares of Royal Bank Of Canada in a research note on Friday. Argus set a $225.00 price objective on shares of Royal Bank Of Canada in a report on Thursday, June 11th. Raymond James Financial lowered shares of Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 12th. TD Securities reiterated a “buy” rating on shares of Royal Bank Of Canada in a research note on Wednesday, August 12th. Finally, Scotiabank reissued an “outperform” rating on shares of Royal Bank Of Canada in a research report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $225.00.

Royal Bank Of Canada Company Profile

Royal Bank of Canada (NYSE: RY) is a diversified financial services company and one of Canada’s largest banks. Founded in 1864 in Halifax, Nova Scotia, the firm is now headquartered in Toronto, Ontario. It provides a broad range of banking and financial services to individuals, businesses, and institutional clients through a network of branches, digital platforms and international offices.

RBC operates across several principal business segments including personal and commercial banking, wealth management, insurance, investor and treasury services, capital markets, and global asset management.