Royal Bank Of Canada $RY Shares Sold by Waratah Capital Advisors Ltd.

Waratah Capital Advisors Ltd. lowered its stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 25.7% during the second quarter, HoldingsChannel reports. The firm owned 89,199 shares of the financial services provider’s stock after selling 30,793 shares during the quarter. Waratah Capital Advisors Ltd.’s holdings in Royal Bank Of Canada were worth $11,734,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd acquired a new position in Royal Bank Of Canada in the 1st quarter valued at $32,000. Roxbury Financial LLC increased its stake in shares of Royal Bank Of Canada by 44.3% during the second quarter. Roxbury Financial LLC now owns 339 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 104 shares during the period. Cullen Frost Bankers Inc. raised its holdings in Royal Bank Of Canada by 295.4% during the first quarter. Cullen Frost Bankers Inc. now owns 344 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 257 shares in the last quarter. Financial Management Professionals Inc. lifted its position in Royal Bank Of Canada by 29.2% in the second quarter. Financial Management Professionals Inc. now owns 434 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 98 shares during the period. Finally, Cary Street Partners Investment Advisory LLC boosted its holdings in Royal Bank Of Canada by 2,170.0% in the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 454 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 434 shares in the last quarter. 45.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. BMO Capital Markets reissued an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. Cowen reiterated a “hold” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. Cibc World Mkts cut shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 5th. Zacks Research cut Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. Finally, Barclays reaffirmed an “overweight” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 14th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $177.50.

Royal Bank Of Canada Trading Down 0.2%

Shares of Royal Bank Of Canada stock opened at $146.50 on Friday. Royal Bank Of Canada has a 1 year low of $106.10 and a 1 year high of $149.44. 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 business has a 50 day moving average price of $146.35 and a 200 day moving average price of $136.19. The company has a market capitalization of $205.63 billion, a P/E ratio of 15.47, a P/E/G 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 the consensus estimate of $2.36 by $0.43. Royal Bank Of Canada had a return on equity of 16.12% and a net margin of 14.03%.The company had revenue of $12.26 billion during the quarter, compared to the consensus estimate of $16.03 billion. During the same quarter last year, the business posted $3.26 earnings per share. Royal Bank Of Canada’s revenue was up 16.1% compared to the same quarter last year. Sell-side analysts anticipate 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.