3,995 Shares in Royal Bank Of Canada $RY Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. acquired a new position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,995 shares of the financial services provider’s stock, valued at approximately $526,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sunbelt Securities Inc. boosted its position in Royal Bank Of Canada by 2,272.7% during the 1st quarter. Sunbelt Securities Inc. now owns 261 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 250 shares in the last quarter. Caitong International Asset Management Co. Ltd bought a new stake in Royal Bank Of Canada during the 1st quarter valued at $32,000. Cullen Frost Bankers Inc. boosted its position in Royal Bank Of Canada by 295.4% during the 1st quarter. Cullen Frost Bankers Inc. now owns 344 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 257 shares in the last quarter. Wayfinding Financial LLC bought a new stake in Royal Bank Of Canada during the 1st quarter valued at $45,000. Finally, Roxbury Financial LLC boosted its position in Royal Bank Of Canada by 44.3% during the 2nd quarter. Roxbury Financial LLC now owns 339 shares of the financial services provider’s stock valued at $45,000 after acquiring an additional 104 shares in the last quarter. Institutional investors own 45.31% of the company’s stock.

Royal Bank Of Canada Stock Performance

NYSE RY opened at $143.61 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. Royal Bank Of Canada has a fifty-two week low of $106.10 and a fifty-two week high of $149.26. The stock has a 50-day simple moving average of $142.13 and a two-hundred day simple moving average of $130.34. The firm has a market capitalization of $201.82 billion, a P/E ratio of 15.16, a PEG ratio of 1.47 and a beta of 0.86.

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 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $16.03 billion. During the same quarter in the previous year, the business earned $3.26 EPS. Royal Bank Of Canada’s revenue for the quarter was up 16.1% compared to the same quarter last year. On average, equities analysts forecast that Royal Bank Of Canada will post 9.16 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Erste Group Bank raised Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research report on Monday, September 22nd. National Bankshares reissued a “sector perform” rating on shares of Royal Bank Of Canada in a research report on Friday, August 15th. Cowen reissued a “hold” rating on shares of Royal Bank Of Canada in a research report on Thursday, August 28th. Scotiabank reissued an “outperform” rating on shares of Royal Bank Of Canada in a research report on Thursday, August 28th. Finally, Barclays reissued an “overweight” rating on shares of Royal Bank Of Canada in a research report on Thursday, August 14th. Six research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the 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.