Vanguard Personalized Indexing Management LLC Grows Stock Holdings in Royal Bank Of Canada $RY

Vanguard Personalized Indexing Management LLC increased its stake in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 33.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 47,097 shares of the financial services provider’s stock after buying an additional 11,865 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Royal Bank Of Canada were worth $6,196,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Muirfield Wealth Advisors LLC grew its holdings in shares of Royal Bank Of Canada by 0.7% during the second quarter. Muirfield Wealth Advisors LLC now owns 16,922 shares of the financial services provider’s stock worth $2,226,000 after buying an additional 120 shares during the last quarter. Natural Investments LLC purchased a new position in shares of Royal Bank Of Canada during the second quarter worth about $477,000. Brucke Financial Inc. grew its holdings in shares of Royal Bank Of Canada by 1.9% during the second quarter. Brucke Financial Inc. now owns 4,264 shares of the financial services provider’s stock worth $561,000 after buying an additional 79 shares during the last quarter. PDS Planning Inc grew its holdings in shares of Royal Bank Of Canada by 13.6% during the second quarter. PDS Planning Inc now owns 5,199 shares of the financial services provider’s stock worth $684,000 after buying an additional 621 shares during the last quarter. Finally, Baskin Financial Services Inc. boosted its holdings in Royal Bank Of Canada by 3.3% in the 2nd quarter. Baskin Financial Services Inc. now owns 64,946 shares of the financial services provider’s stock valued at $8,558,000 after purchasing an additional 2,091 shares in the last quarter. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Royal Bank Of Canada Price Performance

Shares of NYSE:RY opened at $144.53 on Tuesday. The business’s 50 day simple moving average is $142.42 and its 200-day simple moving average is $130.78. The firm has a market capitalization of $203.11 billion, a price-to-earnings ratio of 15.26, a price-to-earnings-growth ratio of 1.45 and a beta of 0.86. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.82. 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 posted 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. Royal Bank Of Canada had a return on equity of 16.12% and a net margin of 14.03%.The firm had revenue of $12.26 billion for the quarter, compared to analyst estimates of $16.03 billion. During the same quarter in the prior year, the company earned $3.26 EPS. Royal Bank Of Canada’s revenue was up 16.1% on a year-over-year basis. As a group, equities analysts forecast that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have issued reports on RY. Wall Street Zen cut Royal Bank Of Canada from a “hold” rating to a “sell” rating in a research report on Saturday. Cibc World Mkts cut Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 5th. Erste Group Bank upgraded Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research report on Monday, September 22nd. Barclays reiterated an “overweight” rating on shares of Royal Bank Of Canada in a research report on Thursday, August 14th. Finally, National Bankshares reiterated a “sector perform” rating on shares of Royal Bank Of Canada in a research report on Friday, August 15th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.50.

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.