Hantz Financial Services Inc. Acquires 4,475 Shares of Royal Bank Of Canada $RY

Hantz Financial Services Inc. grew its holdings in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 279.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,078 shares of the financial services provider’s stock after buying an additional 4,475 shares during the period. Hantz Financial Services Inc.’s holdings in Royal Bank Of Canada were worth $1,036,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Tradewinds Capital Management LLC bought a new position in shares of Royal Bank Of Canada during the 4th quarter worth approximately $26,000. Johnson Financial Group Inc. bought a new position in shares of Royal Bank Of Canada during the 3rd quarter worth approximately $27,000. Highline Wealth Partners LLC boosted its holdings in shares of Royal Bank Of Canada by 75.4% during the 4th quarter. Highline Wealth Partners LLC now owns 207 shares of the financial services provider’s stock worth $35,000 after buying an additional 89 shares in the last quarter. Cornerstone Planning Group LLC boosted its holdings in shares of Royal Bank Of Canada by 55.3% during the 4th quarter. Cornerstone Planning Group LLC now owns 247 shares of the financial services provider’s stock worth $41,000 after buying an additional 88 shares in the last quarter. Finally, Midwest Capital Advisors LLC bought a new position in shares of Royal Bank Of Canada during the 4th quarter worth approximately $43,000. 45.31% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

RY has been the topic of a number of research analyst reports. Weiss Ratings cut Royal Bank Of Canada from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. Barclays reiterated an “overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, February 19th. Scotiabank reiterated an “outperform” rating on shares of Royal Bank Of Canada in a report on Monday, May 4th. Raymond James Financial cut Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 12th. Finally, Zacks Research cut Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Royal Bank Of Canada has an average rating of “Moderate Buy” and an average price target of $162.00.

Royal Bank Of Canada Trading Down 0.5%

NYSE RY opened at $188.98 on Thursday. The firm has a market capitalization of $264.13 billion, a P/E ratio of 18.08, a PEG ratio of 1.49 and a beta of 0.80. The business has a fifty day simple moving average of $174.22 and a 200 day simple moving average of $168.00. Royal Bank Of Canada has a 12 month low of $124.19 and a 12 month high of $191.51. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.09.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings results on Thursday, February 26th. The financial services provider reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. The business had revenue of $13.18 billion during the quarter, compared to analyst estimates of $12.60 billion. Royal Bank Of Canada had a return on equity of 17.12% and a net margin of 15.28%.Royal Bank Of Canada’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.62 EPS. On average, analysts predict that Royal Bank Of Canada will post 11.53 EPS for the current fiscal year.

Royal Bank Of Canada 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.