1,641 Shares in Royal Bank Of Canada $RY Acquired by Prudent Man Advisors LLC

Prudent Man Advisors LLC acquired a new position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 1,641 shares of the financial services provider’s stock, valued at approximately $216,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sunbelt Securities Inc. boosted its holdings 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 buying an additional 250 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Royal Bank Of Canada in the 1st quarter worth approximately $32,000. Roxbury Financial LLC boosted its holdings 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 buying an additional 104 shares during the period. Cullen Frost Bankers Inc. boosted its holdings 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 buying an additional 257 shares during the period. Finally, Wayfinding Financial LLC bought a new position in Royal Bank Of Canada in the 1st quarter worth approximately $45,000. 45.31% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently commented on RY. CIBC downgraded shares of Royal Bank Of Canada from a “sector outperform” rating to a “neutral” rating in a report on Friday, September 5th. Cowen reissued a “hold” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. BMO Capital Markets reissued an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. Argus raised their price target on shares of Royal Bank Of Canada from $140.00 to $162.00 and gave the company a “buy” rating in a report on Friday, August 29th. Finally, National Bankshares reissued a “sector perform” rating on shares of Royal Bank Of Canada in a report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, Royal Bank Of Canada currently has an average rating of “Moderate Buy” and a consensus target price of $177.50.

Royal Bank Of Canada Stock Performance

Royal Bank Of Canada stock opened at $147.73 on Monday. The firm’s fifty day moving average price is $144.70 and its 200-day moving average price is $132.96. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $207.60 billion, a P/E ratio of 15.60, a price-to-earnings-growth ratio of 1.48 and a beta of 0.86. Royal Bank Of Canada has a fifty-two week low of $106.10 and a fifty-two week high of $149.26.

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

Royal Bank Of Canada 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.