Acadian Asset Management LLC Buys 163,256 Shares of Royal Bank Of Canada $RY

Acadian Asset Management LLC boosted its holdings in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 59.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 436,900 shares of the financial services provider’s stock after acquiring an additional 163,256 shares during the period. Acadian Asset Management LLC’s holdings in Royal Bank Of Canada were worth $57,461,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new position in Royal Bank Of Canada during the 1st quarter worth about $32,000. Cullen Frost Bankers Inc. grew 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 valued at $39,000 after buying an additional 257 shares in the last quarter. Roxbury Financial LLC lifted 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 purchasing an additional 104 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Royal Bank Of Canada by 2,170.0% in the first quarter. Cary Street Partners Investment Advisory LLC now owns 454 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 434 shares during the last quarter. Finally, Financial Management Professionals Inc. increased its stake in shares of Royal Bank Of Canada by 29.2% during the second quarter. Financial Management Professionals Inc. now owns 434 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 98 shares during the period. Institutional investors own 45.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on RY shares. Wall Street Zen raised shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. CIBC lowered Royal Bank Of Canada from a “sector outperform” rating to a “neutral” rating in a research note on Friday, September 5th. Zacks Research cut Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a report on Monday, October 27th. Argus boosted their price objective on Royal Bank Of Canada from $140.00 to $162.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $177.50.

Royal Bank Of Canada Trading Down 0.1%

NYSE RY opened at $145.33 on Monday. Royal Bank Of Canada has a 12 month low of $106.10 and a 12 month high of $149.44. The business has a fifty day simple moving average of $146.14 and a 200 day simple moving average of $135.29. 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 firm has a market capitalization of $203.99 billion, a P/E ratio of 15.35, a PEG ratio of 1.48 and a beta of 0.86.

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 the consensus estimate of $2.36 by $0.43. The company had revenue of $12.26 billion during the quarter, compared to analyst estimates of $16.03 billion. Royal Bank Of Canada had a return on equity of 16.12% and a net margin of 14.03%.Royal Bank Of Canada’s quarterly revenue was up 16.1% on a year-over-year basis. During the same period in the prior year, the company posted $3.26 earnings per share. On average, analysts predict that Royal Bank Of Canada will post 9.16 EPS 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.