Aull & Monroe Investment Management Corp Cuts Stock Holdings in Royal Bank Of Canada $RY

Aull & Monroe Investment Management Corp lowered its position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 16.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,849 shares of the financial services provider’s stock after selling 2,400 shares during the quarter. Aull & Monroe Investment Management Corp’s holdings in Royal Bank Of Canada were worth $1,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Trust Co of the South boosted its stake in Royal Bank Of Canada by 0.3% in the second quarter. Trust Co of the South now owns 25,121 shares of the financial services provider’s stock worth $3,305,000 after buying an additional 78 shares in the last quarter. Brucke Financial Inc. boosted its stake in Royal Bank Of Canada by 1.9% in the second quarter. Brucke Financial Inc. now owns 4,264 shares of the financial services provider’s stock worth $561,000 after buying an additional 79 shares in the last quarter. SBI Securities Co. Ltd. boosted its stake in Royal Bank Of Canada by 13.0% in the first quarter. SBI Securities Co. Ltd. now owns 729 shares of the financial services provider’s stock worth $82,000 after buying an additional 84 shares in the last quarter. Contravisory Investment Management Inc. boosted its stake in Royal Bank Of Canada by 4.3% in the second quarter. Contravisory Investment Management Inc. now owns 2,041 shares of the financial services provider’s stock worth $268,000 after buying an additional 85 shares in the last quarter. Finally, Csenge Advisory Group boosted its stake in Royal Bank Of Canada by 4.3% in the first quarter. Csenge Advisory Group now owns 2,197 shares of the financial services provider’s stock worth $255,000 after buying an additional 91 shares in the last quarter. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Royal Bank Of Canada Price Performance

Shares of Royal Bank Of Canada stock opened at $145.81 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.11. The company has a market cap of $204.91 billion, a PE ratio of 15.40, a P/E/G ratio of 1.46 and a beta of 0.86. The business has a 50 day moving average of $143.53 and a 200 day moving average of $131.55. Royal Bank Of Canada has a 52 week low of $106.10 and a 52 week high of $149.26.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its earnings results on Wednesday, August 27th. The financial services provider reported $2.79 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.43. The company had revenue of $12.26 billion during the quarter, compared to the consensus estimate of $16.03 billion. Royal Bank Of Canada had a return on equity of 16.12% and a net margin of 14.03%.The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.26 earnings per share. As a group, equities research analysts forecast that Royal Bank Of Canada will post 9.16 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on RY. Erste Group Bank raised Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research note on Monday, September 22nd. 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. Argus increased their price objective on Royal Bank Of Canada from $140.00 to $162.00 and gave the company a “buy” rating in a research note on Friday, August 29th. Barclays reissued an “overweight” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 14th. Finally, Scotiabank reissued an “outperform” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 28th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Royal Bank Of Canada has a consensus rating of “Moderate Buy” and a consensus 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.