Geneos Wealth Management Inc. Boosts Stock Holdings in Royal Bank Of Canada $RY

Geneos Wealth Management Inc. raised its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 6.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,766 shares of the financial services provider’s stock after purchasing an additional 218 shares during the period. Geneos Wealth Management Inc.’s holdings in Royal Bank Of Canada were worth $425,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of RY. Park Square Financial Group LLC purchased a new position in shares of Royal Bank Of Canada in the fourth quarter worth about $25,000. Sunbelt Securities Inc. increased its stake in shares of Royal Bank Of Canada by 2,272.7% in the first quarter. Sunbelt Securities Inc. now owns 261 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 250 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Royal Bank Of Canada in the first quarter worth about $32,000. Cullen Frost Bankers Inc. increased its stake in shares of Royal Bank Of Canada by 295.4% in the first quarter. Cullen Frost Bankers Inc. now owns 344 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 257 shares in the last quarter. Finally, AdvisorNet Financial Inc boosted its position in shares of Royal Bank Of Canada by 93.7% in the first quarter. AdvisorNet Financial Inc now owns 368 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 178 shares during the period. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on RY. Wall Street Zen upgraded shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research report on Saturday, August 30th. Cowen reissued a “hold” rating on shares of Royal Bank Of Canada in a research note 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. Argus boosted 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 research note on Friday, August 29th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 28th. Four equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Royal Bank Of Canada currently has an average rating of “Hold” and an average target price of $177.50.

Royal Bank Of Canada Trading Down 0.6%

Shares of RY opened at $144.21 on Monday. The firm has a market cap of $202.65 billion, a price-to-earnings ratio of 15.23, a PEG ratio of 1.48 and a beta of 0.88. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.82 and a current ratio of 0.82. Royal Bank Of Canada has a fifty-two week low of $106.10 and a fifty-two week high of $147.64. The firm has a 50 day moving average price of $136.19 and a 200-day moving average price of $125.99.

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 for the quarter, topping analysts’ consensus estimates of $2.36 by $0.43. The firm had revenue of $12.26 billion during the quarter, compared to analyst estimates of $16.03 billion. Royal Bank Of Canada had a net margin of 14.03% and a return on equity of 16.12%. The business’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the previous year, the business posted $3.26 EPS. As a group, equities research analysts forecast that Royal Bank Of Canada will post 9.16 earnings per share for the current year.

Royal Bank Of Canada Company 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.