Knights of Columbus Asset Advisors LLC Raises Stock Position in Royal Bank Of Canada $RY

Knights of Columbus Asset Advisors LLC lifted its position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 9.7% during the second quarter, Holdings Channel reports. The institutional investor owned 3,316 shares of the financial services provider’s stock after buying an additional 292 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Royal Bank Of Canada were worth $436,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sunbelt Securities Inc. boosted its stake in Royal Bank Of Canada by 2,272.7% in the 1st quarter. Sunbelt Securities Inc. now owns 261 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 250 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Royal Bank Of Canada in the 1st quarter worth approximately $32,000. Roxbury Financial LLC boosted its stake in 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 in the last quarter. Cullen Frost Bankers Inc. boosted its stake in Royal Bank Of Canada by 295.4% in the 1st 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. Finally, Wayfinding Financial LLC acquired a new stake in Royal Bank Of Canada in the 1st quarter worth approximately $45,000. 45.31% of the stock is currently owned by institutional investors and hedge funds.

Royal Bank Of Canada Stock Down 0.7%

RY stock opened at $145.93 on Wednesday. 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 firm’s fifty day simple moving average is $141.18 and its 200-day simple moving average is $129.85. Royal Bank Of Canada has a 12 month low of $106.10 and a 12 month high of $149.26. The company has a market capitalization of $205.08 billion, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 1.49 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, beating the consensus estimate of $2.36 by $0.43. Royal Bank Of Canada had a net margin of 14.03% and a return on equity of 16.12%. The firm had revenue of $12.26 billion during the quarter, compared to analysts’ expectations of $16.03 billion. During the same period in the previous year, the business posted $3.26 EPS. The business’s revenue was up 16.1% compared to the same quarter last year. As a group, equities research analysts forecast that Royal Bank Of Canada will post 9.16 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Erste Group Bank upgraded shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research note on Monday, September 22nd. National Bankshares reiterated a “sector perform” rating on shares of Royal Bank Of Canada in a research note on Friday, August 15th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. Cibc World Mkts downgraded shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 5th. Finally, Barclays reaffirmed an “overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, August 14th. Six equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $177.50.

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.