Savant Capital LLC Increases Stock Holdings in Royal Bank Of Canada $RY

Savant Capital LLC increased its position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 37.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,590 shares of the financial services provider’s stock after purchasing an additional 3,179 shares during the quarter. Savant Capital LLC’s holdings in Royal Bank Of Canada were worth $1,525,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new stake in Royal Bank Of Canada during the 1st quarter worth approximately $32,000. Roxbury Financial LLC increased its stake in shares of Royal Bank Of Canada by 44.3% in the second quarter. Roxbury Financial LLC now owns 339 shares of the financial services provider’s stock worth $45,000 after buying an additional 104 shares during the last quarter. Cullen Frost Bankers Inc. increased its stake in shares of Royal Bank Of Canada by 295.4% in the first quarter. Cullen Frost Bankers Inc. now owns 344 shares of the financial services provider’s stock worth $39,000 after buying an additional 257 shares during the last quarter. Financial Management Professionals Inc. raised its holdings in Royal Bank Of Canada by 29.2% in the second quarter. Financial Management Professionals Inc. now owns 434 shares of the financial services provider’s stock valued at $57,000 after acquiring an additional 98 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC boosted its stake in Royal Bank Of Canada by 2,170.0% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 454 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 434 shares during the last quarter. 45.31% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Barclays reiterated an “overweight” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 14th. BMO Capital Markets reiterated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Thursday, August 28th. Cibc World Mkts downgraded Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 5th. Weiss Ratings restated a “buy (b)” rating on shares of Royal Bank Of Canada in a research note on Wednesday, October 8th. Finally, Zacks Research lowered shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. Six equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Royal Bank Of Canada has a consensus rating of “Hold” and an average price target of $177.50.

Royal Bank Of Canada Stock Up 0.5%

RY stock opened at $147.64 on Wednesday. The stock has a market cap of $207.23 billion, a PE ratio of 15.59, a price-to-earnings-growth ratio of 1.48 and a beta of 0.86. The firm’s 50-day simple moving average is $146.23 and its 200 day simple moving average is $135.71. Royal Bank Of Canada has a fifty-two week low of $106.10 and a fifty-two week high of $149.44. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.11.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.43. The company had revenue of $12.26 billion during the quarter, compared to analyst estimates of $16.03 billion. Royal Bank Of Canada had a return on equity of 16.12% and a net margin of 14.03%.The firm’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.26 EPS. As a group, sell-side analysts predict that Royal Bank Of Canada will post 9.16 EPS for the current 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.