Royal Bank Of Canada $RY Stock Position Increased by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc increased its position in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 22.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 155,965 shares of the financial services provider’s stock after buying an additional 28,967 shares during the period. Royal Bank Of Canada accounts for 3.4% of K.J. Harrison & Partners Inc’s holdings, making the stock its 5th biggest position. K.J. Harrison & Partners Inc’s holdings in Royal Bank Of Canada were worth $20,517,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new stake in Royal Bank Of Canada during the first quarter worth $32,000. Roxbury Financial LLC lifted its holdings in Royal Bank Of Canada by 44.3% during the second 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 in the last quarter. Cullen Frost Bankers Inc. lifted its holdings in Royal Bank Of Canada by 295.4% during the first 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 in the last quarter. Wayfinding Financial LLC purchased a new position in Royal Bank Of Canada during the first quarter valued at $45,000. Finally, Financial Management Professionals Inc. lifted its holdings in Royal Bank Of Canada by 29.2% during the second quarter. Financial Management Professionals Inc. now owns 434 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 98 shares in the last quarter. 45.31% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on RY shares. Erste Group Bank raised shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a report on Monday, September 22nd. Wall Street Zen raised shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a report on Saturday. CIBC downgraded shares of Royal Bank Of Canada from a “sector outperform” rating to a “neutral” rating in a report on Friday, September 5th. BMO Capital Markets reissued an “outperform” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 28th. Finally, National Bankshares reissued a “sector perform” rating on shares of Royal Bank Of Canada in a research note on Friday, August 15th. Six analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Royal Bank Of Canada has an average rating of “Hold” and a consensus price target of $177.50.

Royal Bank Of Canada Stock Performance

NYSE:RY opened at $146.45 on Monday. Royal Bank Of Canada has a twelve month low of $106.10 and a twelve month high of $149.44. 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. The company’s 50-day moving average price is $145.76 and its 200-day moving average price is $134.27. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.11.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings data 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. 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 last year, the business earned $3.26 earnings per share. Royal Bank Of Canada’s revenue was up 16.1% compared to the same quarter last year. On average, sell-side analysts forecast that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal 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.