Campbell & CO Investment Adviser LLC Increases Position in Royal Bank Of Canada $RY

Campbell & CO Investment Adviser LLC boosted its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 150.6% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 64,498 shares of the financial services provider’s stock after purchasing an additional 38,758 shares during the quarter. Royal Bank Of Canada comprises 0.5% of Campbell & CO Investment Adviser LLC’s holdings, making the stock its 7th largest holding. Campbell & CO Investment Adviser LLC’s holdings in Royal Bank Of Canada were worth $8,485,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in RY. Scheer Rowlett & Associates Investment Management Ltd. boosted its holdings in shares of Royal Bank Of Canada by 2.7% during the 2nd quarter. Scheer Rowlett & Associates Investment Management Ltd. now owns 1,318,261 shares of the financial services provider’s stock worth $173,850,000 after buying an additional 35,190 shares in the last quarter. PCJ Investment Counsel Ltd. lifted its position in shares of Royal Bank Of Canada by 10.5% during the 2nd quarter. PCJ Investment Counsel Ltd. now owns 77,970 shares of the financial services provider’s stock valued at $10,283,000 after acquiring an additional 7,430 shares during the period. Aviva PLC lifted its position in shares of Royal Bank Of Canada by 7.0% during the 2nd quarter. Aviva PLC now owns 1,057,818 shares of the financial services provider’s stock valued at $139,389,000 after acquiring an additional 69,495 shares during the period. RWA Wealth Partners LLC boosted its stake in Royal Bank Of Canada by 3.8% during the second quarter. RWA Wealth Partners LLC now owns 3,596 shares of the financial services provider’s stock worth $473,000 after acquiring an additional 133 shares in the last quarter. Finally, AGF Management Ltd. increased its stake in Royal Bank Of Canada by 9.1% in the second quarter. AGF Management Ltd. now owns 2,816,548 shares of the financial services provider’s stock valued at $408,312,000 after purchasing an additional 234,804 shares in the last quarter. 45.31% of the stock is owned by institutional investors and hedge funds.

Royal Bank Of Canada Price Performance

RY stock opened at $145.33 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.82 and a current ratio of 0.82. The business has a 50-day simple moving average of $146.14 and a two-hundred day simple moving average of $135.17. The company has a market capitalization of $203.99 billion, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 1.48 and a beta of 0.86. Royal Bank Of Canada has a 52-week low of $106.10 and a 52-week high of $149.44.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced 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 for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm earned $3.26 earnings per share. Research analysts expect that Royal Bank Of Canada will post 9.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on RY shares. CIBC cut shares of Royal Bank Of Canada from a “sector outperform” rating to a “neutral” rating in a research report on Friday, September 5th. Wall Street Zen raised Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Scotiabank reissued an “outperform” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 28th. Cowen restated a “hold” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. Finally, Cibc World Mkts lowered Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 5th. Six equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” 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.