World Investment Advisors Lowers Position in Royal Bank Of Canada $RY

World Investment Advisors reduced its stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 20.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,825 shares of the financial services provider’s stock after selling 1,721 shares during the quarter. World Investment Advisors’ holdings in Royal Bank Of Canada were worth $898,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Royal Bank Of Canada during the 1st quarter valued at $32,000. Cullen Frost Bankers Inc. increased its position in shares of Royal Bank Of Canada by 295.4% during the 1st quarter. Cullen Frost Bankers Inc. now owns 344 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 257 shares during the last quarter. Wayfinding Financial LLC purchased a new stake in shares of Royal Bank Of Canada during the 1st quarter valued at $45,000. Roxbury Financial LLC increased its position in shares of Royal Bank Of Canada by 44.3% during the 2nd quarter. Roxbury Financial LLC now owns 339 shares of the financial services provider’s stock valued at $45,000 after purchasing an additional 104 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its position in shares of Royal Bank Of Canada by 2,170.0% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 454 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 434 shares during the last quarter. 45.31% of the stock is owned by hedge funds and other institutional investors.

Royal Bank Of Canada Stock Up 0.4%

Shares of NYSE RY opened at $146.45 on Friday. Royal Bank Of Canada has a 52 week low of $106.10 and a 52 week high of $149.44. The business has a 50-day simple moving average of $145.76 and a two-hundred day simple moving average of $134.14. 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 $205.56 billion, a P/E ratio of 15.46, a P/E/G ratio of 1.48 and a beta of 0.86.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its earnings results on Wednesday, August 27th. The financial services provider reported $2.79 EPS for the quarter, topping the consensus estimate of $2.36 by $0.43. Royal Bank Of Canada had a return on equity of 16.12% and a net margin of 14.03%.The business had revenue of $12.26 billion during the quarter, compared to the consensus estimate of $16.03 billion. During the same quarter last year, the company earned $3.26 EPS. The firm’s revenue was up 16.1% compared to the same quarter last year. Research analysts anticipate that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on RY shares. Cowen reaffirmed a “hold” rating on shares of Royal Bank Of Canada in a research report on Thursday, August 28th. Scotiabank reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research report on Thursday, August 28th. Zacks Research lowered Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. Barclays reissued an “overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, August 14th. Finally, National Bankshares reissued a “sector perform” rating on shares of Royal Bank Of Canada in a report on Friday, August 15th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” 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.