Royal Bank Of Canada $RY Holdings Increased by Montrusco Bolton Investments Inc.

Montrusco Bolton Investments Inc. grew its stake in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 26.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 424,433 shares of the financial services provider’s stock after buying an additional 88,076 shares during the quarter. Royal Bank Of Canada comprises 0.6% of Montrusco Bolton Investments Inc.’s holdings, making the stock its 28th biggest position. Montrusco Bolton Investments Inc.’s holdings in Royal Bank Of Canada were worth $55,825,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RY. Sunbelt Securities Inc. raised its position in shares of Royal Bank Of Canada by 2,272.7% during the 1st quarter. Sunbelt Securities Inc. now owns 261 shares of the financial services provider’s stock worth $29,000 after buying an additional 250 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Royal Bank Of Canada during the 1st quarter worth about $32,000. Cullen Frost Bankers Inc. raised its position in shares of Royal Bank Of Canada by 295.4% during the 1st quarter. Cullen Frost Bankers Inc. now owns 344 shares of the financial services provider’s stock worth $39,000 after buying an additional 257 shares in the last quarter. Wayfinding Financial LLC bought a new stake in shares of Royal Bank Of Canada during the 1st quarter worth about $45,000. Finally, Roxbury Financial LLC raised its position in shares of Royal Bank Of Canada by 44.3% during the 2nd quarter. Roxbury Financial LLC now owns 339 shares of the financial services provider’s stock worth $45,000 after buying an additional 104 shares in the last quarter. 45.31% of the stock is currently owned by institutional investors.

Royal Bank Of Canada Stock Down 1.1%

RY stock opened at $143.61 on Monday. Royal Bank Of Canada has a 52-week low of $106.10 and a 52-week high of $149.26. The company’s 50 day simple moving average is $142.13 and its 200-day simple moving average is $130.55. 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 firm has a market capitalization of $201.82 billion, a P/E ratio of 15.16, a P/E/G ratio of 1.45 and a beta of 0.86.

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on RY shares. CIBC downgraded shares of Royal Bank Of Canada from a “sector outperform” rating to a “neutral” rating in a research report on Friday, September 5th. Barclays reiterated an “overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, August 14th. National Bankshares reiterated a “sector perform” rating on shares of Royal Bank Of Canada in a report on Friday, August 15th. BMO Capital Markets reiterated an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. Finally, Scotiabank reiterated an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $177.50.

Royal Bank Of Canada Profile

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.