Royal Bank Of Canada $RY Shares Purchased by Quadrant Capital Group LLC

Quadrant Capital Group LLC raised its stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 10.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,294 shares of the financial services provider’s stock after acquiring an additional 4,435 shares during the quarter. Quadrant Capital Group LLC’s holdings in Royal Bank Of Canada were worth $5,958,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Goldman Sachs Group Inc. increased its position in Royal Bank Of Canada by 129.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,063,761 shares of the financial services provider’s stock worth $796,227,000 after purchasing an additional 3,990,839 shares in the last quarter. Vanguard Group Inc. raised its position in shares of 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 valued at $7,048,307,000 after buying an additional 3,387,971 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of Royal Bank Of Canada by 104.6% in 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 purchased a new position in shares of Royal Bank Of Canada during the second quarter valued at approximately $329,983,000. Finally, Geode Capital Management LLC boosted its position in Royal Bank Of Canada by 20.2% during the second quarter. Geode Capital Management LLC now owns 11,374,800 shares of the financial services provider’s stock worth $1,517,123,000 after acquiring an additional 1,910,492 shares during the last quarter. 45.31% of the stock is currently owned by hedge funds and other institutional investors.

Royal Bank Of Canada Stock Up 0.6%

Shares of Royal Bank Of Canada stock opened at $153.14 on Thursday. The company has a fifty day moving average price of $147.09 and a 200 day moving average price of $137.83. 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 twelve month low of $106.10 and a twelve month high of $153.26. The stock has a market cap of $214.50 billion, a price-to-earnings ratio of 16.17, a price-to-earnings-growth ratio of 1.48 and a beta of 0.86.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings results 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. The firm had revenue of $12.26 billion during the quarter, compared to analysts’ expectations of $16.03 billion. Royal Bank Of Canada had a return on equity of 16.12% and a net margin of 14.03%.Royal Bank Of Canada’s quarterly revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.26 EPS. Equities research analysts forecast that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Cibc World Mkts downgraded Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 5th. Zacks Research cut shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 27th. 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. Cowen reissued a “hold” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 28th. Finally, Barclays reiterated an “overweight” rating on shares of Royal Bank Of Canada in a report on Monday. Eight investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $177.50.

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.