Royal Bank Of Canada $RY Shares Sold by Te Ahumairangi Investment Management Ltd

by · The Cerbat Gem

Te Ahumairangi Investment Management Ltd trimmed its holdings in Royal Bank Of Canada (NYSE:RY – Free Report) (TSE:RY) by 1.9% during the first quarter, HoldingsChannel.com reports. The firm owned 30,340 shares of the financial services provider’s stock after selling 600 shares during the period. Te Ahumairangi Investment Management Ltd’s holdings in Royal Bank Of Canada were worth $3,417,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in RY. State of Wyoming raised its position in shares of Royal Bank Of Canada by 31.4% during the 1st quarter. State of Wyoming now owns 4,207 shares of the financial services provider’s stock valued at $474,000 after acquiring an additional 1,006 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Royal Bank Of Canada during the 1st quarter valued at approximately $12,455,000. OMERS ADMINISTRATION Corp raised its position in shares of Royal Bank Of Canada by 1.0% during the 1st quarter. OMERS ADMINISTRATION Corp now owns 1,120,025 shares of the financial services provider’s stock valued at $126,146,000 after acquiring an additional 11,299 shares in the last quarter. FORA Capital LLC acquired a new stake in shares of Royal Bank Of Canada during the 1st quarter valued at approximately $2,126,000. Finally, Harvest Portfolios Group Inc. raised its position in shares of Royal Bank Of Canada by 8.6% during the 1st quarter. Harvest Portfolios Group Inc. now owns 26,482 shares of the financial services provider’s stock valued at $2,983,000 after acquiring an additional 2,093 shares in the last quarter. 45.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on RY shares. National Bank Financial lowered Royal Bank Of Canada from an “outperform” rating to a “sector perform” rating in a research report on Friday, May 30th. Barclays reaffirmed an “overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, August 14th. National Bankshares reissued a “sector perform” rating on shares of Royal Bank Of Canada in a research note on Friday, August 15th. Cowen reissued a “hold” rating on shares of Royal Bank Of Canada in a research note on Thursday. Finally, Scotiabank assumed coverage on Royal Bank Of Canada in a research note on Thursday, May 15th. They set a “sector outperform” rating for the company. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Royal Bank Of Canada presently has a consensus rating of “Moderate Buy” and an average target price of $193.00.

Read Our Latest Stock Report on RY

Royal Bank Of Canada Price Performance

Shares of NYSE:RY opened at $146.02 on Friday. Royal Bank Of Canada has a 1-year low of $106.10 and a 1-year high of $147.64. The firm has a market capitalization of $205.19 billion, a PE ratio of 15.42, a PEG ratio of 1.68 and a beta of 0.89. The business’s 50 day moving average is $132.91 and its 200-day moving average is $123.93. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.11.

Royal Bank Of Canada (NYSE:RY – Get Free Report) (TSE:RY) last announced its quarterly earnings data on Wednesday, August 27th. The financial services provider reported $2.79 earnings per share for the quarter, topping the consensus estimate of $2.36 by $0.43. The company had revenue of $12.26 billion for the quarter, compared to analyst estimates of $16.03 billion. Royal Bank Of Canada had a return on equity of 16.31% and a net margin of 14.03%.Royal Bank Of Canada’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter last year, the firm earned $3.26 EPS. Sell-side analysts predict that Royal Bank Of Canada will post 9.16 earnings per share for the current year.

Royal Bank Of Canada Company Profile

(Free Report)

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.

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