UniSuper Management Pty Ltd Purchases 8,900 Shares of Royal Bank Of Canada $RY

UniSuper Management Pty Ltd raised its position in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 1.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 475,100 shares of the financial services provider’s stock after acquiring an additional 8,900 shares during the period. UniSuper Management Pty Ltd’s holdings in Royal Bank Of Canada were worth $53,553,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of RY. Park Square Financial Group LLC bought a new position in Royal Bank Of Canada during the fourth quarter worth about $25,000. Sunbelt Securities Inc. increased its position in Royal Bank Of Canada by 2,272.7% during the first quarter. Sunbelt Securities Inc. now owns 261 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 250 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Royal Bank Of Canada during the first quarter worth about $32,000. Cullen Frost Bankers Inc. increased its position in Royal Bank Of Canada by 295.4% during the first quarter. Cullen Frost Bankers Inc. now owns 344 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 257 shares during the period. Finally, AdvisorNet Financial Inc increased its position in Royal Bank Of Canada by 93.7% during the first quarter. AdvisorNet Financial Inc now owns 368 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 178 shares during the period. 45.31% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on RY. Barclays reaffirmed an “overweight” rating on shares of Royal Bank Of Canada in a research report on Thursday, August 14th. Wall Street Zen raised shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. National Bankshares reissued a “sector perform” rating on shares of Royal Bank Of Canada in a report on Friday, August 15th. CIBC lowered shares of Royal Bank Of Canada from a “sector outperform” rating to a “neutral” rating in a report on Friday. Finally, National Bank Financial downgraded shares of Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research report on Friday, May 30th. Four research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Royal Bank Of Canada currently has a consensus rating of “Hold” and an average price target of $177.50.

Royal Bank Of Canada Trading Down 0.8%

Shares of Royal Bank Of Canada stock opened at $144.58 on Friday. The firm has a market capitalization of $203.16 billion, a PE ratio of 15.27, a price-to-earnings-growth ratio of 1.48 and a beta of 0.88. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.11. The firm’s 50 day moving average is $134.93 and its 200 day moving average is $125.04. Royal Bank Of Canada has a 1 year low of $106.10 and a 1 year high of $147.64.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings results on Wednesday, August 27th. The financial services provider reported $2.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.43. The company had revenue of $12.26 billion for the quarter, compared to analyst estimates of $16.03 billion. Royal Bank Of Canada had a net margin of 14.03% and a return on equity of 16.12%. The firm’s revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.26 EPS. Equities research analysts forecast that Royal Bank Of Canada will post 9.16 earnings per share 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.