TD Waterhouse Canada Inc. Acquires 47,234 Shares of Royal Bank Of Canada $RY

TD Waterhouse Canada Inc. raised its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 0.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 5,420,397 shares of the financial services provider’s stock after purchasing an additional 47,234 shares during the quarter. Royal Bank Of Canada accounts for about 5.1% of TD Waterhouse Canada Inc.’s holdings, making the stock its biggest position. TD Waterhouse Canada Inc.’s holdings in Royal Bank Of Canada were worth $715,764,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Caitong International Asset Management Co. Ltd bought a new stake in Royal Bank Of Canada in the 1st quarter valued at $32,000. Roxbury Financial LLC increased its holdings in shares of Royal Bank Of Canada by 44.3% in the second quarter. Roxbury Financial LLC now owns 339 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 104 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Royal Bank Of Canada by 2,170.0% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 454 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 434 shares during the last quarter. Financial Management Professionals Inc. raised its position in shares of Royal Bank Of Canada by 29.2% in the second quarter. Financial Management Professionals Inc. now owns 434 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 98 shares during the period. Finally, Banque Transatlantique SA acquired a new stake in shares of Royal Bank Of Canada during the 1st quarter worth about $59,000. 45.31% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RY. Erste Group Bank upgraded shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research note on Monday, September 22nd. National Bankshares restated a “sector perform” rating on shares of Royal Bank Of Canada in a report on Friday, August 15th. Barclays reiterated an “overweight” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 14th. Cibc World Mkts cut Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 5th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Royal Bank Of Canada presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.50.

Royal Bank Of Canada Stock Up 1.3%

Shares of RY opened at $149.09 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.11. Royal Bank Of Canada has a 12 month low of $106.10 and a 12 month high of $149.44. The firm’s 50 day moving average is $146.50 and its 200-day moving average is $136.69. The stock has a market capitalization of $209.26 billion, a PE ratio of 15.74, a P/E/G ratio of 1.48 and a beta of 0.86.

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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.43. Royal Bank Of Canada had a return on equity of 16.12% and a net margin of 14.03%.The business had revenue of $12.26 billion for the quarter, compared to the consensus estimate of $16.03 billion. During the same quarter in the prior year, the business posted $3.26 earnings per share. The firm’s quarterly revenue was up 16.1% compared to the same quarter last year. Equities research analysts forecast that Royal Bank Of Canada will post 9.16 EPS for the current 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.