Royal Bank Of Canada $RY Shares Bought by Fiera Capital Corp

Fiera Capital Corp increased its position in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 0.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,754,458 shares of the financial services provider’s stock after acquiring an additional 12,764 shares during the quarter. Royal Bank Of Canada comprises about 2.1% of Fiera Capital Corp’s investment portfolio, making the stock its 10th largest position. Fiera Capital Corp owned approximately 0.34% of Royal Bank Of Canada worth $626,216,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Trust Co of the South boosted its stake in shares of Royal Bank Of Canada by 0.3% in the 2nd quarter. Trust Co of the South now owns 25,121 shares of the financial services provider’s stock valued at $3,305,000 after purchasing an additional 78 shares during the last quarter. Brucke Financial Inc. lifted its holdings in Royal Bank Of Canada by 1.9% in the second quarter. Brucke Financial Inc. now owns 4,264 shares of the financial services provider’s stock valued at $561,000 after buying an additional 79 shares during the period. SBI Securities Co. Ltd. boosted its stake in Royal Bank Of Canada by 13.0% in the first quarter. SBI Securities Co. Ltd. now owns 729 shares of the financial services provider’s stock valued at $82,000 after acquiring an additional 84 shares during the last quarter. Contravisory Investment Management Inc. grew its holdings in Royal Bank Of Canada by 4.3% during the 2nd quarter. Contravisory Investment Management Inc. now owns 2,041 shares of the financial services provider’s stock worth $268,000 after acquiring an additional 85 shares during the period. Finally, Csenge Advisory Group grew its holdings in Royal Bank Of Canada by 4.3% during the 1st quarter. Csenge Advisory Group now owns 2,197 shares of the financial services provider’s stock worth $255,000 after acquiring an additional 91 shares during the period. 45.31% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

RY has been the topic of several recent research reports. Erste Group Bank upgraded Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research report on Monday, September 22nd. Wall Street Zen raised Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Weiss Ratings restated a “buy (b)” rating on shares of Royal Bank Of Canada in a research report on Wednesday, October 8th. Argus upped their price target on Royal Bank Of Canada from $140.00 to $162.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Finally, Scotiabank reissued an “outperform” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 28th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, Royal Bank Of Canada has a consensus rating of “Hold” and an average target price of $177.50.

Royal Bank Of Canada Price Performance

Shares of RY opened at $148.94 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a 50 day simple moving average of $146.30 and a 200 day simple moving average of $135.80. Royal Bank Of Canada has a 52-week low of $106.10 and a 52-week high of $149.44. The firm has a market capitalization of $209.05 billion, a PE ratio of 15.73, a P/E/G ratio of 1.48 and a beta of 0.86.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its earnings results on Wednesday, August 27th. The financial services provider reported $2.79 EPS for the quarter, topping the consensus estimate of $2.36 by $0.43. The firm had revenue of $12.26 billion for the quarter, compared to the consensus estimate of $16.03 billion. Royal Bank Of Canada had a net margin of 14.03% and a return on equity of 16.12%. The business’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period last year, the company posted $3.26 EPS. Sell-side analysts predict that Royal Bank Of Canada will post 9.16 EPS for the current fiscal 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.