Aviso Financial Inc. Purchases 5,899 Shares of Royal Bank Of Canada $RY

Aviso Financial Inc. grew its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 2.3% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 256,977 shares of the financial services provider’s stock after buying an additional 5,899 shares during the quarter. Royal Bank Of Canada accounts for approximately 1.5% of Aviso Financial Inc.’s holdings, making the stock its 25th biggest holding. Aviso Financial Inc.’s holdings in Royal Bank Of Canada were worth $33,862,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in Royal Bank Of Canada by 33.1% in the 4th quarter. Brighton Jones LLC now owns 2,313 shares of the financial services provider’s stock valued at $279,000 after purchasing an additional 575 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of Royal Bank Of Canada by 3.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 10,439 shares of the financial services provider’s stock valued at $1,177,000 after buying an additional 342 shares during the period. Cetera Investment Advisers grew its position in shares of Royal Bank Of Canada by 9.9% in the 1st quarter. Cetera Investment Advisers now owns 44,605 shares of the financial services provider’s stock valued at $5,028,000 after purchasing an additional 4,022 shares during the period. HB Wealth Management LLC raised its holdings in shares of Royal Bank Of Canada by 3.9% during the first quarter. HB Wealth Management LLC now owns 5,343 shares of the financial services provider’s stock worth $602,000 after acquiring an additional 199 shares during the period. Finally, LPL Financial LLC grew its holdings in shares of Royal Bank Of Canada by 3.5% during the first quarter. LPL Financial LLC now owns 142,392 shares of the financial services provider’s stock worth $16,050,000 after buying an additional 4,784 shares in the last quarter. 45.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently issued reports on RY shares. Barclays reaffirmed an “overweight” rating on shares of Royal Bank Of Canada in a research report on Monday. Scotiabank reissued an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. BMO Capital Markets reissued an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. National Bankshares reaffirmed a “sector perform” rating on shares of Royal Bank Of Canada in a report on Friday, August 15th. Finally, Raymond James Financial started coverage on shares of Royal Bank Of Canada in a research note on Monday. They issued an “outperform” rating for the company. Seven 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 data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.50.

Royal Bank Of Canada Stock Performance

Shares of RY stock opened at $149.79 on Tuesday. The company has a market cap of $209.80 billion, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 1.48 and a beta of 0.86. The firm has a 50 day moving average of $146.84 and a 200-day moving average of $137.49. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.11. Royal Bank Of Canada has a 52 week low of $106.10 and a 52 week high of $150.85.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings results 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. Royal Bank Of Canada had a return on equity of 16.12% and a net margin of 14.03%.The business had revenue of $12.26 billion for the quarter, compared to the consensus estimate of $16.03 billion. During the same period in the prior year, the business earned $3.26 EPS. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. On average, equities 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.