Fiduciary Wealth Partners LLC Sells 1,512 Shares of Royal Bank Of Canada $RY

Fiduciary Wealth Partners LLC trimmed its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 72.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 585 shares of the financial services provider’s stock after selling 1,512 shares during the quarter. Fiduciary Wealth Partners LLC’s holdings in Royal Bank Of Canada were worth $77,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the business. Brighton Jones LLC increased its holdings in Royal Bank Of Canada by 4.3% in the second quarter. Brighton Jones LLC now owns 2,445 shares of the financial services provider’s stock worth $322,000 after purchasing an additional 101 shares in the last quarter. MQS Management LLC acquired a new stake in shares of Royal Bank Of Canada during the 2nd quarter worth approximately $696,000. Focus Partners Advisor Solutions LLC increased its stake in shares of Royal Bank Of Canada by 13.8% in the 2nd quarter. Focus Partners Advisor Solutions LLC now owns 12,021 shares of the financial services provider’s stock valued at $1,581,000 after acquiring an additional 1,460 shares in the last quarter. ARGA Investment Management LP bought a new stake in shares of Royal Bank Of Canada in the 2nd quarter valued at $4,175,000. Finally, Caitong International Asset Management Co. Ltd lifted its position in shares of Royal Bank Of Canada by 140.7% during the 2nd quarter. Caitong International Asset Management Co. Ltd now owns 686 shares of the financial services provider’s stock valued at $90,000 after acquiring an additional 401 shares during the period. Institutional investors and hedge funds own 45.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Wall Street Zen downgraded shares of Royal Bank Of Canada from a “hold” rating to a “sell” rating in a research note on Saturday, October 11th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research report on Thursday, August 28th. Cowen reaffirmed a “hold” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 28th. National Bankshares reiterated a “sector perform” rating on shares of Royal Bank Of Canada in a report on Friday, August 15th. Finally, Zacks Research raised Royal Bank Of Canada from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 20th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Royal Bank Of Canada presently has a consensus rating of “Moderate Buy” and an average price target of $177.50.

Royal Bank Of Canada Trading Up 0.2%

NYSE:RY opened at $147.73 on Friday. 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 one year low of $106.10 and a one year high of $149.26. The company has a market cap of $207.60 billion, a PE ratio of 15.60, a PEG ratio of 1.48 and a beta of 0.86. The firm has a 50-day moving average of $144.70 and a 200-day moving average of $132.82.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its quarterly 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 business had revenue of $12.26 billion during the quarter, compared to the consensus estimate of $16.03 billion. Royal Bank Of Canada had a return on equity of 16.12% and a net margin of 14.03%.The company’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.26 EPS. As a group, equities research analysts expect that Royal Bank Of Canada will post 9.16 EPS for the current fiscal year.

About Royal Bank Of Canada

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.