Intrua Financial LLC Takes Position in Royal Bank Of Canada $RY

Intrua Financial LLC bought a new position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 2,478 shares of the financial services provider’s stock, valued at approximately $326,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd purchased a new position in Royal Bank Of Canada during the first quarter worth $32,000. Cullen Frost Bankers Inc. lifted its holdings in shares of 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 acquiring an additional 257 shares during the last quarter. Roxbury Financial LLC lifted its holdings in shares of 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 acquiring an additional 104 shares during the last quarter. Cary Street Partners Investment Advisory LLC boosted its stake 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 worth $51,000 after purchasing an additional 434 shares during the period. Finally, Financial Management Professionals Inc. grew its holdings in Royal Bank Of Canada by 29.2% during the 2nd 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 during the last quarter. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on RY. Cibc World Mkts downgraded shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research note 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. Barclays reaffirmed an “overweight” rating on shares of Royal Bank Of Canada in a research report on Thursday, August 14th. Wall Street Zen upgraded Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Finally, Argus upped their price target on shares of Royal Bank Of Canada from $140.00 to $162.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Royal Bank Of Canada currently has an average rating of “Moderate Buy” and an average price target of $177.50.

Royal Bank Of Canada Stock Down 0.2%

Shares of Royal Bank Of Canada stock opened at $146.50 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.82. The stock has a market cap of $205.63 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 1.48 and a beta of 0.86. The firm’s 50-day moving average is $146.35 and its two-hundred day moving average is $136.19. Royal Bank Of Canada has a 1 year low of $106.10 and a 1 year high of $149.44.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings results on Wednesday, August 27th. The financial services provider reported $2.79 earnings per share 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 quarter in the prior year, the company earned $3.26 EPS. The company’s revenue was up 16.1% compared to the same quarter last year. As a group, research analysts expect that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal year.

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.