Quadrature Capital Ltd Sells 395,300 Shares of Royal Bank Of Canada $RY

Quadrature Capital Ltd cut its stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 61.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 248,400 shares of the financial services provider’s stock after selling 395,300 shares during the quarter. Quadrature Capital Ltd’s holdings in Royal Bank Of Canada were worth $32,535,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its position in Royal Bank Of Canada by 129.9% during the first quarter. Goldman Sachs Group Inc. now owns 7,063,761 shares of the financial services provider’s stock valued at $796,227,000 after purchasing an additional 3,990,839 shares in the last quarter. Vanguard Group Inc. raised its holdings in Royal Bank Of Canada by 5.7% in the first quarter. Vanguard Group Inc. now owns 62,571,520 shares of the financial services provider’s stock worth $7,048,307,000 after purchasing an additional 3,387,971 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Royal Bank Of Canada by 104.6% during the first quarter. Canada Pension Plan Investment Board now owns 6,346,768 shares of the financial services provider’s stock valued at $715,043,000 after buying an additional 3,244,266 shares during the last quarter. Picton Mahoney Asset Management bought a new stake in shares of Royal Bank Of Canada in the 2nd quarter valued at about $329,983,000. Finally, Geode Capital Management LLC grew its position in shares of Royal Bank Of Canada by 20.2% in the 2nd quarter. Geode Capital Management LLC now owns 11,374,800 shares of the financial services provider’s stock worth $1,517,123,000 after buying an additional 1,910,492 shares during the last quarter. 45.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on RY shares. Cowen reissued a “hold” rating on shares of Royal Bank Of Canada in a research report on Thursday, August 28th. Zacks Research lowered Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. Weiss Ratings restated a “buy (b)” rating on shares of Royal Bank Of Canada in a research note on Wednesday, October 8th. Barclays reaffirmed an “overweight” rating on shares of Royal Bank Of Canada in a research report on Monday. Finally, Jefferies Financial Group downgraded Royal Bank Of Canada from a “buy” rating to a “hold” rating in a report on Tuesday. Eight analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.50.

Royal Bank Of Canada Price Performance

NYSE RY opened at $153.14 on Friday. The company has a market cap of $214.50 billion, a price-to-earnings ratio of 16.17, a PEG ratio of 1.48 and a beta of 0.86. 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 stock’s fifty day moving average price is $147.23 and its 200 day moving average price is $137.93. Royal Bank Of Canada has a 1 year low of $106.10 and a 1 year high of $153.26.

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 earnings per share for the quarter, beating the consensus estimate of $2.36 by $0.43. The business had revenue of $12.26 billion for the quarter, compared to the consensus estimate of $16.03 billion. Royal Bank Of Canada had a return on equity of 16.12% and a net margin of 14.03%.The company’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.26 EPS. As a group, equities research analysts forecast that Royal Bank Of Canada will post 9.16 earnings per share for the current year.

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.