Edmp Inc. Has $1.33 Million Stock Position in Royal Bank Of Canada $RY

Edmp Inc. cut its holdings in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 8.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,108 shares of the financial services provider’s stock after selling 993 shares during the period. Edmp Inc.’s holdings in Royal Bank Of Canada were worth $1,330,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in RY. Sunbelt Securities Inc. increased its position in shares of Royal Bank Of Canada by 2,272.7% during the first quarter. Sunbelt Securities Inc. now owns 261 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 250 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in shares of Royal Bank Of Canada during the first quarter worth about $32,000. Cullen Frost Bankers Inc. increased its position in shares of Royal Bank Of Canada by 295.4% during the first quarter. Cullen Frost Bankers Inc. now owns 344 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 257 shares in the last quarter. Wayfinding Financial LLC bought a new stake in shares of Royal Bank Of Canada during the first quarter worth about $45,000. Finally, Roxbury Financial LLC increased its position in shares of Royal Bank Of Canada by 44.3% during the second quarter. Roxbury Financial LLC now owns 339 shares of the financial services provider’s stock worth $45,000 after acquiring an additional 104 shares in the last quarter. 45.31% of the stock is owned by institutional investors.

Royal Bank Of Canada Stock Performance

Shares of RY stock opened at $144.53 on Tuesday. The stock has a market capitalization of $203.11 billion, a P/E ratio of 15.26, a PEG ratio of 1.45 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 firm’s 50 day moving average is $142.42 and its 200 day moving average is $130.78. 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 announced its quarterly earnings results on Wednesday, August 27th. The financial services provider reported $2.79 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.43. Royal Bank Of Canada had a net margin of 14.03% and a return on equity of 16.12%. The company had revenue of $12.26 billion for the quarter, compared to analysts’ expectations of $16.03 billion. During the same period in the prior year, the company posted $3.26 EPS. Royal Bank Of Canada’s revenue 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 year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on RY. Erste Group Bank raised shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research report on Monday, September 22nd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research report on Thursday, August 28th. Scotiabank reiterated an “outperform” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 28th. Cowen reiterated a “hold” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 28th. Finally, 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. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Royal Bank Of Canada currently has an average rating of “Moderate Buy” and an average price target of $177.50.

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.