Bristol Gate Capital Partners Inc. Takes $703,000 Position in Royal Bank Of Canada $RY

Bristol Gate Capital Partners Inc. acquired a new stake in shares of Royal Bank Of Canada (NYSE:RYFree Report) (TSE:RY) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,397 shares of the financial services provider’s stock, valued at approximately $703,000. Royal Bank Of Canada accounts for about 0.0% of Bristol Gate Capital Partners Inc.’s investment portfolio, making the stock its 24th largest holding.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RY. Echo45 Advisors LLC grew its position in Royal Bank Of Canada by 5.0% in the 1st quarter. Echo45 Advisors LLC now owns 1,258 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 60 shares during the period. Key Financial Inc lifted its holdings in shares of Royal Bank Of Canada by 63.0% during the 1st quarter. Key Financial Inc now owns 163 shares of the financial services provider’s stock valued at $26,000 after buying an additional 63 shares during the period. Apella Capital LLC boosted its stake in shares of Royal Bank Of Canada by 3.1% in the 2nd quarter. Apella Capital LLC now owns 2,155 shares of the financial services provider’s stock worth $451,000 after buying an additional 64 shares during the last quarter. Alta Capital Management LLC boosted its stake in shares of Royal Bank Of Canada by 4.0% in the 4th quarter. Alta Capital Management LLC now owns 1,686 shares of the financial services provider’s stock worth $287,000 after buying an additional 65 shares during the last quarter. Finally, Fiduciary Financial Group LLC grew its holdings in shares of Royal Bank Of Canada by 3.5% in the second quarter. Fiduciary Financial Group LLC now owns 2,026 shares of the financial services provider’s stock worth $419,000 after acquiring an additional 68 shares during the period. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Royal Bank Of Canada Stock Performance

NYSE:RY opened at $207.24 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a 50-day simple moving average of $208.79 and a two-hundred day simple moving average of $187.29. The firm has a market capitalization of $287.36 billion, a PE ratio of 18.62, a P/E/G ratio of 1.53 and a beta of 0.80. Royal Bank Of Canada has a 52-week low of $136.10 and a 52-week high of $218.57.

Royal Bank Of Canada (NYSE:RYGet Free Report) (TSE:RY) last posted its quarterly earnings data on Thursday, May 28th. The financial services provider reported $2.84 EPS for the quarter, topping the consensus estimate of $2.81 by $0.03. Royal Bank Of Canada had a return on equity of 17.68% and a net margin of 15.92%.The firm had revenue of $12.84 billion for the quarter, compared to the consensus estimate of $12.74 billion. During the same quarter last year, the company earned $3.12 earnings per share. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. Analysts forecast that Royal Bank Of Canada will post 11.59 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on RY shares. Barclays reiterated an “overweight” rating on shares of Royal Bank Of Canada in a research report on Friday. Keefe, Bruyette & Woods assumed coverage on Royal Bank Of Canada in a research note on Friday, August 21st. They set a “market perform” rating for the company. TD Securities reaffirmed a “buy” rating on shares of Royal Bank Of Canada in a research report on Wednesday, August 12th. Argus set a $225.00 price objective on shares of Royal Bank Of Canada in a research note on Thursday, June 11th. Finally, Raymond James Financial cut shares of Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 12th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, Royal Bank Of Canada has a consensus rating of “Moderate Buy” and a consensus target price of $225.00.

Read Our Latest Stock Analysis on Royal Bank Of Canada

Royal Bank Of Canada Profile

(Free Report)

Royal Bank of Canada (NYSE: RY) is a diversified financial services company and one of Canada’s largest banks. Founded in 1864 in Halifax, Nova Scotia, the firm is now headquartered in Toronto, Ontario. It provides a broad range of banking and financial services to individuals, businesses, and institutional clients through a network of branches, digital platforms and international offices.

RBC operates across several principal business segments including personal and commercial banking, wealth management, insurance, investor and treasury services, capital markets, and global asset management.

Further Reading

Want to see what other hedge funds are holding RY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Royal Bank Of Canada (NYSE:RYFree Report) (TSE:RY).

Institutional Ownership by Quarter for Royal Bank Of Canada (NYSE:RY)

Receive News & Ratings for Royal Bank Of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Bank Of Canada and related companies with MarketBeat.com's FREE daily email newsletter.