Hantz Financial Services Inc. Purchases 4,475 Shares of Royal Bank Of Canada $RY

Hantz Financial Services Inc. increased its position in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 279.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,078 shares of the financial services provider’s stock after purchasing an additional 4,475 shares during the quarter. Hantz Financial Services Inc.’s holdings in Royal Bank Of Canada were worth $1,036,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Tradewinds Capital Management LLC bought a new stake in Royal Bank Of Canada during the fourth quarter worth about $26,000. Johnson Financial Group Inc. bought a new stake in Royal Bank Of Canada during the third quarter worth about $27,000. Highline Wealth Partners LLC lifted its position in Royal Bank Of Canada by 75.4% during the fourth quarter. Highline Wealth Partners LLC now owns 207 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 89 shares during the period. Cornerstone Planning Group LLC lifted its position in Royal Bank Of Canada by 55.3% during the fourth quarter. Cornerstone Planning Group LLC now owns 247 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 88 shares during the period. Finally, Midwest Capital Advisors LLC bought a new stake in Royal Bank Of Canada during the fourth quarter worth about $43,000. Institutional investors own 45.31% of the company’s stock.

Wall Street Analyst Weigh In

RY has been the subject of several recent analyst reports. Weiss Ratings cut shares of Royal Bank Of Canada from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. Barclays reissued an “overweight” rating on shares of Royal Bank Of Canada in a research note on Thursday, February 19th. Zacks Research downgraded Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. Scotiabank reissued an “outperform” rating on shares of Royal Bank Of Canada in a research note on Monday, May 4th. Finally, Raymond James Financial downgraded Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 12th. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $162.00.

Royal Bank Of Canada Stock Performance

Shares of RY stock opened at $188.98 on Thursday. The business’s 50 day simple moving average is $174.22 and its 200 day simple moving average is $168.00. Royal Bank Of Canada has a one year low of $124.19 and a one year high of $191.51. The stock has a market capitalization of $264.13 billion, a PE ratio of 18.08, a PEG ratio of 1.49 and a beta of 0.80. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.70 and a quick ratio of 0.70.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its earnings results on Thursday, February 26th. The financial services provider reported $2.94 EPS for the quarter, beating the consensus estimate of $2.81 by $0.13. Royal Bank Of Canada had a return on equity of 17.12% and a net margin of 15.28%.The business had revenue of $13.18 billion for the quarter, compared to analysts’ expectations of $12.60 billion. During the same period in the prior year, the business posted $3.62 earnings per share. The firm’s revenue was up 4.4% on a year-over-year basis. As a group, research analysts forecast that Royal Bank Of Canada will post 11.53 earnings per share for the current year.

Royal Bank Of Canada Profile

Royal Bank of Canada (NYSE: RY) is a diversified financial services company and one of Canada’s largest banks. Founded in 1864 in Halifax, Nova Scotia, the firm is now headquartered in Toronto, Ontario. It provides a broad range of banking and financial services to individuals, businesses, and institutional clients through a network of branches, digital platforms and international offices.

RBC operates across several principal business segments including personal and commercial banking, wealth management, insurance, investor and treasury services, capital markets, and global asset management.