PDS Planning Inc Increases Holdings in Royal Bank Of Canada $RY

PDS Planning Inc boosted its holdings in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 13.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,199 shares of the financial services provider’s stock after purchasing an additional 621 shares during the period. PDS Planning Inc’s holdings in Royal Bank Of Canada were worth $684,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC increased its holdings in Royal Bank Of Canada by 1,187.6% during the 1st quarter. Campbell & CO Investment Adviser LLC now owns 25,740 shares of the financial services provider’s stock valued at $2,901,000 after purchasing an additional 23,741 shares during the period. Baskin Financial Services Inc. boosted its position in Royal Bank Of Canada by 5.0% during the 1st quarter. Baskin Financial Services Inc. now owns 62,855 shares of the financial services provider’s stock valued at $7,079,000 after acquiring an additional 3,006 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in Royal Bank Of Canada by 1.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 341,776 shares of the financial services provider’s stock valued at $38,525,000 after acquiring an additional 3,767 shares in the last quarter. JPMorgan Chase & Co. boosted 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 valued at $727,970,000 after acquiring an additional 271,531 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted 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 valued at $9,789,000 after acquiring an additional 3,358 shares in the last quarter. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on RY. BMO Capital Markets reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research report on Thursday, August 28th. Cowen reissued a “hold” rating on shares of Royal Bank Of Canada in a research report on Thursday, August 28th. Erste Group Bank raised Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research report on Monday, September 22nd. CIBC cut Royal Bank Of Canada from a “sector outperform” rating to a “neutral” rating in a research report on Friday, September 5th. Finally, Wall Street Zen cut Royal Bank Of Canada from a “hold” rating to a “sell” rating in a research report on Saturday. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Royal Bank Of Canada has a consensus rating of “Moderate Buy” and a consensus target price of $177.50.

Royal Bank Of Canada Price Performance

Shares of NYSE RY opened at $143.61 on Friday. Royal Bank Of Canada has a twelve month low of $106.10 and a twelve month high of $149.26. The firm has a market cap of $201.82 billion, a P/E ratio of 15.16, a PEG ratio of 1.45 and a beta of 0.86. The company has a 50 day moving average of $142.13 and a 200 day moving average of $130.44. 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 announced its quarterly earnings data on Wednesday, August 27th. The financial services provider reported $2.79 earnings per share 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 company had revenue of $12.26 billion during the quarter, compared to analyst estimates of $16.03 billion. During the same period in the previous year, the business earned $3.26 EPS. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. As a group, research analysts expect 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.