Royal Bank Of Canada $RY Shares Acquired by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. lifted its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 12.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,869 shares of the financial services provider’s stock after buying an additional 3,387 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Royal Bank Of Canada were worth $3,937,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC increased its holdings in shares of Royal Bank Of Canada by 1,187.6% in the 1st quarter. Campbell & CO Investment Adviser LLC now owns 25,740 shares of the financial services provider’s stock valued at $2,901,000 after purchasing an additional 23,741 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Royal Bank Of Canada by 4.4% in the first quarter. JPMorgan Chase & Co. now owns 6,458,212 shares of the financial services provider’s stock valued at $727,970,000 after buying an additional 271,531 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of Royal Bank Of Canada by 1.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 341,776 shares of the financial services provider’s stock worth $38,525,000 after acquiring an additional 3,767 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Royal Bank Of Canada by 4.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 86,847 shares of the financial services provider’s stock worth $9,789,000 after acquiring an additional 3,358 shares during the period. Finally, Raymond James Financial Inc. increased its stake in Royal Bank Of Canada by 1.3% in the 1st quarter. Raymond James Financial Inc. now owns 504,807 shares of the financial services provider’s stock valued at $56,902,000 after purchasing an additional 6,640 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 NYSE:RY opened at $145.33 on Friday. The business has a fifty day simple moving average of $146.14 and a 200-day simple moving average of $134.84. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.11. Royal Bank Of Canada has a 52 week low of $106.10 and a 52 week high of $149.44. The company has a market cap of $203.98 billion, a P/E ratio of 15.35, a P/E/G ratio of 1.48 and a beta of 0.86.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its earnings results 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 business had revenue of $12.26 billion for the quarter, compared to analysts’ expectations of $16.03 billion. During the same period last year, the company earned $3.26 earnings per share. The company’s quarterly revenue was up 16.1% on a year-over-year basis. Equities research analysts forecast that Royal Bank Of Canada will post 9.16 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on RY. Argus upped their target price on Royal Bank Of Canada from $140.00 to $162.00 and gave the company a “buy” rating in a report on Friday, August 29th. Barclays restated an “overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, August 14th. Scotiabank reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. CIBC cut shares of Royal Bank Of Canada from a “sector outperform” rating to a “neutral” rating in a research note on Friday, September 5th. Finally, Cowen restated a “hold” rating on shares of Royal Bank Of Canada in a research report on Thursday, August 28th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price 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.