PCJ Investment Counsel Ltd. Has $10.28 Million Position in Royal Bank Of Canada $RY

PCJ Investment Counsel Ltd. increased its holdings in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 10.5% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 77,970 shares of the financial services provider’s stock after purchasing an additional 7,430 shares during the period. Royal Bank Of Canada accounts for 3.5% of PCJ Investment Counsel Ltd.’s holdings, making the stock its 5th biggest holding. PCJ Investment Counsel Ltd.’s holdings in Royal Bank Of Canada were worth $10,283,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of RY. Trust Co of the South increased its holdings in shares of Royal Bank Of Canada by 0.3% in the 2nd quarter. Trust Co of the South now owns 25,121 shares of the financial services provider’s stock valued at $3,305,000 after acquiring an additional 78 shares during the period. Brucke Financial Inc. boosted its position in Royal Bank Of Canada by 1.9% during the second quarter. Brucke Financial Inc. now owns 4,264 shares of the financial services provider’s stock valued at $561,000 after purchasing an additional 79 shares in the last quarter. SBI Securities Co. Ltd. grew 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 valued at $82,000 after purchasing an additional 84 shares during the last quarter. Contravisory Investment Management Inc. grew 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 valued at $268,000 after purchasing an additional 85 shares during the last quarter. Finally, Csenge Advisory Group raised its holdings 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 purchasing an additional 91 shares in the last quarter. Institutional investors own 45.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on RY shares. Scotiabank restated an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. Barclays reaffirmed an “overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, August 14th. CIBC downgraded Royal Bank Of Canada from a “sector outperform” rating to a “neutral” rating in a research report on Friday, September 5th. Argus raised their price objective on Royal Bank Of Canada from $140.00 to $162.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Finally, National Bankshares reaffirmed a “sector perform” rating on shares of Royal Bank Of Canada in a research report on Friday, August 15th. Six analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $177.50.

Royal Bank Of Canada Stock Performance

Shares of RY opened at $145.33 on Friday. 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 50-day moving average of $146.14 and a two-hundred day moving average of $135.05. The stock has a market cap of $203.99 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 has a one year low of $106.10 and a one year high of $149.44.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced 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. The firm had revenue of $12.26 billion during the quarter, compared to analysts’ expectations of $16.03 billion. Royal Bank Of Canada had a return on equity of 16.12% and a net margin of 14.03%.The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period last year, the business posted $3.26 earnings per share. As a group, research analysts predict that Royal Bank Of Canada will post 9.16 EPS for the current 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.