Royal Bank Of Canada $RY Stock Position Decreased by Magnetar Financial LLC

Magnetar Financial LLC decreased its holdings in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 29.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,610 shares of the financial services provider’s stock after selling 27,920 shares during the quarter. Magnetar Financial LLC’s holdings in Royal Bank Of Canada were worth $8,894,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd bought a new position in shares of Royal Bank Of Canada during the first quarter valued at approximately $32,000. Roxbury Financial LLC lifted its holdings in shares of Royal Bank Of Canada by 44.3% in the 2nd quarter. Roxbury Financial LLC now owns 339 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 104 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in Royal Bank Of Canada by 2,170.0% during 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 during the period. Financial Management Professionals Inc. grew its stake in Royal Bank Of Canada by 29.2% during the 2nd quarter. Financial Management Professionals Inc. now owns 434 shares of the financial services provider’s stock worth $57,000 after buying an additional 98 shares during the last quarter. Finally, Banque Transatlantique SA bought a new position in Royal Bank Of Canada during the 1st quarter worth $59,000. Institutional investors own 45.31% of the company’s stock.

Royal Bank Of Canada Price Performance

Shares of RY opened at $147.53 on Friday. Royal Bank Of Canada has a one year low of $106.10 and a one year high of $150.04. The stock’s fifty day moving average is $146.63 and its 200-day moving average is $136.85. 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 firm has a market capitalization of $207.08 billion, a price-to-earnings ratio of 15.58, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.43. The firm had revenue of $12.26 billion during the quarter, compared to analyst estimates of $16.03 billion. Royal Bank Of Canada had a net margin of 14.03% and a return on equity of 16.12%. Royal Bank Of Canada’s revenue was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.26 EPS. Equities analysts anticipate that Royal Bank Of Canada will post 9.16 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on RY shares. Zacks Research cut Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Wall Street Zen raised shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. BMO Capital Markets reiterated 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 note on Thursday, August 28th. Finally, Scotiabank restated 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 six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.