Integrated Wealth Concepts LLC Has $687,000 Stock Holdings in Royal Bank Of Canada $RY

Integrated Wealth Concepts LLC lessened its holdings in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 17.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 6,093 shares of the financial services provider’s stock after selling 1,265 shares during the period. Integrated Wealth Concepts LLC’s holdings in Royal Bank Of Canada were worth $687,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in RY. Goldman Sachs Group Inc. grew its stake in shares of Royal Bank Of Canada by 129.9% during the first quarter. Goldman Sachs Group Inc. now owns 7,063,761 shares of the financial services provider’s stock worth $796,227,000 after purchasing an additional 3,990,839 shares during the period. Vanguard Group Inc. grew its position in shares of Royal Bank Of Canada by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 62,571,520 shares of the financial services provider’s stock worth $7,048,307,000 after buying an additional 3,387,971 shares during the period. Canada Pension Plan Investment Board grew its position in shares of Royal Bank Of Canada by 104.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,346,768 shares of the financial services provider’s stock worth $715,043,000 after buying an additional 3,244,266 shares during the period. Bank of Nova Scotia grew its position in shares of Royal Bank Of Canada by 8.0% during the 1st quarter. Bank of Nova Scotia now owns 16,802,214 shares of the financial services provider’s stock worth $1,892,975,000 after buying an additional 1,249,589 shares during the period. Finally, Nuveen LLC acquired a new position in shares of Royal Bank Of Canada during the 1st quarter worth about $114,327,000. 45.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

RY has been the subject of a number of analyst reports. BMO Capital Markets restated an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. Argus boosted their price target on shares of Royal Bank Of Canada from $140.00 to $162.00 and gave the company a “buy” rating in a report on Friday, August 29th. Cibc World Mkts cut Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 5th. Scotiabank reissued an “outperform” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 28th. Finally, Barclays reissued an “overweight” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 14th. Four equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $177.50.

Royal Bank Of Canada Stock Down 0.6%

RY stock opened at $144.21 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 capitalization of $202.65 billion, a P/E ratio of 15.23, a P/E/G ratio of 1.49 and a beta of 0.88. The business has a 50-day moving average of $136.19 and a 200-day moving average of $125.87. Royal Bank Of Canada has a fifty-two week low of $106.10 and a fifty-two week high of $147.64.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings data 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 return on equity of 16.12% and a net margin of 14.03%.The company had revenue of $12.26 billion during the quarter, compared to analysts’ expectations of $16.03 billion. During the same period in the prior year, the firm earned $3.26 earnings per share. Royal Bank Of Canada’s revenue for the quarter was up 16.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal 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.