First Trust Advisors LP raised its stake in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 17.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 211,090 shares of the company’s stock after buying an additional 30,647 shares during the period. First Trust Advisors LP’s holdings in Royal Bank Of Canada were worth $13,079,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Godsey & Gibb Associates raised its position in Royal Bank Of Canada by 2.4% in the third quarter. Godsey & Gibb Associates now owns 206,495 shares of the company’s stock worth $12,795,000 after buying an additional 4,915 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in Royal Bank Of Canada during the third quarter valued at approximately $238,000. Wade G W & Inc. increased its position in Royal Bank Of Canada by 4.7% in the third quarter. Wade G W & Inc. now owns 87,734 shares of the company’s stock valued at $5,436,000 after buying an additional 3,915 shares during the period. Heathbridge Capital Management Ltd. increased its position in Royal Bank Of Canada by 1.0% in the third quarter. Heathbridge Capital Management Ltd. now owns 10,905 shares of the company’s stock valued at $676,000 after buying an additional 107 shares during the period. Finally, GW Henssler & Associates Ltd. increased its position in Royal Bank Of Canada by 2.7% in the third quarter. GW Henssler & Associates Ltd. now owns 40,513 shares of the company’s stock valued at $2,510,000 after buying an additional 1,054 shares during the period. Institutional investors own 46.05% of the company’s stock.

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

Shares of Royal Bank Of Canada (NYSE:RY) traded down 2.45% on Wednesday, reaching $65.41. 906,274 shares of the company’s stock traded hands. Royal Bank Of Canada has a 52 week low of $44.37 and a 52 week high of $67.07. The firm’s 50 day moving average is $63.40 and its 200 day moving average is $61.72. The firm has a market capitalization of $97.05 billion, a P/E ratio of 12.87 and a beta of 1.19.

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RY has been the topic of several research analyst reports. Barclays PLC reissued a “sell” rating on shares of Royal Bank Of Canada in a report on Thursday, October 27th. Zacks Investment Research downgraded shares of Royal Bank Of Canada from a “hold” rating to a “sell” rating in a research note on Saturday, November 12th. TD Securities raised shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research note on Monday, November 21st. Desjardins reaffirmed a “buy” rating and set a $86.00 price target on shares of Royal Bank Of Canada in a research note on Friday, August 26th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of Royal Bank Of Canada in a research note on Sunday, September 11th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $83.70.

About Royal Bank Of Canada

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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