Royal Bank Of Canada $RY Shares Sold by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC trimmed its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 0.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,182 shares of the financial services provider’s stock after selling 326 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Royal Bank Of Canada were worth $10,022,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Sunbelt Securities Inc. increased its stake in Royal Bank Of Canada by 2,272.7% in the 1st quarter. Sunbelt Securities Inc. now owns 261 shares of the financial services provider’s stock valued at $29,000 after buying an additional 250 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in Royal Bank Of Canada in the 1st quarter valued at $32,000. Cullen Frost Bankers Inc. increased its stake in 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 valued at $39,000 after buying an additional 257 shares during the period. Wayfinding Financial LLC acquired a new position in Royal Bank Of Canada in the 1st quarter valued at $45,000. Finally, Roxbury Financial LLC increased its stake in 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 valued at $45,000 after buying an additional 104 shares during the period. 45.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Wall Street Zen raised shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research note on Saturday, August 30th. 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 research note on Friday, August 29th. National Bankshares reaffirmed a “sector perform” rating on shares of Royal Bank Of Canada in a research note on Friday, August 15th. Scotiabank reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 28th. Finally, Cowen reiterated a “hold” rating on shares of Royal Bank Of Canada in a research report on Thursday, August 28th. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $177.50.

Royal Bank Of Canada Price Performance

NYSE:RY opened at $146.95 on Friday. The firm has a market cap of $206.52 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 1.49 and a beta of 0.86. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.11. The company’s 50-day moving average is $140.52 and its two-hundred day moving average is $129.39. Royal Bank Of Canada has a 12-month low of $106.10 and a 12-month high of $149.26.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its earnings results on Wednesday, August 27th. The financial services provider reported $2.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.36 by $0.43. The company had revenue of $12.26 billion for 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 firm’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the firm earned $3.26 EPS. Research analysts expect 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.