Dixon Mitchell Investment Counsel Inc. Has $116.94 Million Stake in Royal Bank Of Canada $RY

Dixon Mitchell Investment Counsel Inc. raised its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 3.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 888,459 shares of the financial services provider’s stock after purchasing an additional 28,548 shares during the quarter. Royal Bank Of Canada accounts for approximately 4.5% of Dixon Mitchell Investment Counsel Inc.’s investment portfolio, making the stock its 6th biggest position. Dixon Mitchell Investment Counsel Inc. owned about 0.06% of Royal Bank Of Canada worth $116,942,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Baskin Financial Services Inc. increased its position in Royal Bank Of Canada by 3.3% in the 2nd quarter. Baskin Financial Services Inc. now owns 64,946 shares of the financial services provider’s stock valued at $8,558,000 after acquiring an additional 2,091 shares during the period. Campbell & CO Investment Adviser LLC grew its stake in shares of Royal Bank Of Canada by 1,187.6% in the first quarter. Campbell & CO Investment Adviser LLC now owns 25,740 shares of the financial services provider’s stock worth $2,901,000 after purchasing an additional 23,741 shares during the last quarter. Savant Capital LLC increased its holdings in Royal Bank Of Canada by 37.8% in the second quarter. Savant Capital LLC now owns 11,590 shares of the financial services provider’s stock valued at $1,525,000 after purchasing an additional 3,179 shares during the period. JPMorgan Chase & Co. raised its position in Royal Bank Of Canada by 4.4% during the 1st quarter. JPMorgan Chase & Co. now owns 6,458,212 shares of the financial services provider’s stock worth $727,970,000 after purchasing an additional 271,531 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Royal Bank Of Canada by 4.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 86,847 shares of the financial services provider’s stock worth $9,789,000 after purchasing an additional 3,358 shares during the last quarter. Institutional investors and hedge funds own 45.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on RY shares. Cowen reissued a “hold” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 28th. Cibc World Mkts cut Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 5th. Erste Group Bank raised shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research report on Monday, September 22nd. Raymond James Financial initiated coverage on shares of Royal Bank Of Canada in a research report on Monday, November 24th. They issued a “moderate buy” rating on the stock. Finally, Wall Street Zen upgraded shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Eight equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Royal Bank Of Canada has a consensus rating of “Moderate Buy” and a consensus price target of $177.50.

Royal Bank Of Canada Stock Up 1.0%

Royal Bank Of Canada stock opened at $154.69 on Friday. The company has a market capitalization of $216.67 billion, a PE ratio of 16.34, a PEG ratio of 1.48 and a beta of 0.86. Royal Bank Of Canada has a 12-month low of $106.10 and a 12-month high of $154.64. The firm’s fifty day moving average is $147.38 and its 200 day moving average is $138.28. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.11.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings results on Wednesday, August 27th. The financial services provider reported $2.79 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $16.03 billion. During the same period last year, the company posted $3.26 earnings per share. The business’s quarterly revenue was up 16.1% on a year-over-year basis. As a group, sell-side analysts predict that Royal Bank Of Canada will post 9.16 EPS for the current fiscal year.

Royal Bank Of Canada Company 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.