Alta Capital Management LLC raised its stake in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 6.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,691 shares of the company’s stock after buying an additional 1,379 shares during the period. Alta Capital Management LLC’s holdings in Royal Bank Of Canada were worth $1,342,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in RY. Signaturefd LLC increased its stake in shares of Royal Bank Of Canada by 32.4% in the second quarter. Signaturefd LLC now owns 1,867 shares of the company’s stock valued at $110,000 after buying an additional 457 shares in the last quarter. Pacad Investment Ltd. acquired a new stake in shares of Royal Bank Of Canada during the second quarter valued at $130,000. Americafirst Capital Management LLC acquired a new stake in shares of Royal Bank Of Canada during the second quarter valued at $139,000. Jolley Asset Management LLC increased its stake in shares of Royal Bank Of Canada by 14.3% in the second quarter. Jolley Asset Management LLC now owns 2,400 shares of the company’s stock valued at $142,000 after buying an additional 300 shares in the last quarter. Finally, Integrated Wealth Management increased its stake in shares of Royal Bank Of Canada by 49.3% in the second quarter. Integrated Wealth Management now owns 2,573 shares of the company’s stock valued at $152,000 after buying an additional 850 shares in the last quarter. Institutional investors own 46.05% of the company’s stock.

Institutional Ownership by Quarter for Royal Bank Of Canada (NYSE:RY)

Royal Bank Of Canada (NYSE:RY) traded down 0.06% during midday trading on Monday, hitting $66.49. The stock had a trading volume of 757,195 shares. The stock’s 50 day moving average price is $63.40 and its 200-day moving average price is $61.72. Royal Bank Of Canada has a 52 week low of $44.37 and a 52 week high of $67.07. The company has a market cap of $98.66 billion, a PE ratio of 13.08 and a beta of 1.19.

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Several brokerages have recently weighed in on RY. Credit Suisse Group AG restated an “outperform” rating and set a $100.00 target price (up from $96.00) on shares of Royal Bank Of Canada in a research note on Friday, August 26th. TD Securities reiterated a “hold” rating and issued a $86.00 price target (up from $81.00) on shares of Royal Bank Of Canada in a research note on Friday, August 26th. Scotiabank reiterated an “outperform” rating and issued a $86.00 price target (up from $85.00) on shares of Royal Bank Of Canada in a research note on Friday, August 26th. Citigroup Inc. lifted their price target on Royal Bank Of Canada from $89.00 to $95.00 and gave the stock a “buy” rating in a research note on Wednesday, September 14th. Finally, Zacks Investment Research upgraded Royal Bank Of Canada from a “sell” rating to a “hold” rating and set a $70.00 price target for the company in a research note on Friday, August 26th. Three analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $83.70.

Royal Bank Of Canada Company Profile

Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.

5 Day Chart for NYSE:RY

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