Royal Bank Of Canada $RY Shares Purchased by ASR Vermogensbeheer N.V.

ASR Vermogensbeheer N.V. lifted its stake in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 2.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 37,746 shares of the financial services provider’s stock after purchasing an additional 1,000 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Royal Bank Of Canada were worth $4,965,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its stake in Royal Bank Of Canada by 129.9% during the first quarter. Goldman Sachs Group Inc. now owns 7,063,761 shares of the financial services provider’s stock worth $796,227,000 after buying an additional 3,990,839 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Royal Bank Of Canada by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 62,571,520 shares of the financial services provider’s stock valued at $7,048,307,000 after acquiring an additional 3,387,971 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Royal Bank Of Canada by 104.6% during the 1st 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 acquiring an additional 3,244,266 shares during the last quarter. Bank of Nova Scotia boosted its position in shares of Royal Bank Of Canada by 8.0% during the 1st quarter. Bank of Nova Scotia now owns 16,802,214 shares of the financial services provider’s stock valued at $1,892,975,000 after acquiring an additional 1,249,589 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Royal Bank Of Canada during the 1st quarter valued at about $114,327,000. 45.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on RY shares. BMO Capital Markets reiterated an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. Barclays reiterated an “overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, August 14th. Cowen reiterated a “hold” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. Cibc World Mkts lowered Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 5th. Finally, Erste Group Bank raised Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research note on Monday, September 22nd. Six research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $177.50.

Royal Bank Of Canada Price Performance

RY opened at $146.95 on Friday. The stock’s 50-day moving average price is $140.52 and its 200 day moving average price is $129.29. Royal Bank Of Canada has a 12-month low of $106.10 and a 12-month high of $149.26. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.11. The firm has a market cap of $206.52 billion, a price-to-earnings ratio of 15.52, a PEG ratio of 1.48 and a beta of 0.86.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its earnings results on Wednesday, August 27th. The financial services provider reported $2.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.36 by $0.43. The firm had revenue of $12.26 billion for the quarter, compared to analyst estimates 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 revenue was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.26 EPS. As a group, sell-side analysts expect that Royal Bank Of Canada will post 9.16 earnings per share for the current year.

Royal Bank Of Canada Company 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.