Clarius Group LLC Grows Position in Royal Bank Of Canada $RY

Clarius Group LLC increased its position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 5.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,712 shares of the financial services provider’s stock after purchasing an additional 179 shares during the period. Clarius Group LLC’s holdings in Royal Bank Of Canada were worth $488,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. boosted its holdings in shares of Royal Bank Of Canada by 129.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 7,063,761 shares of the financial services provider’s stock valued at $796,227,000 after buying an additional 3,990,839 shares in the last quarter. Vanguard Group Inc. boosted its stake in Royal Bank Of Canada by 5.7% during the first quarter. Vanguard Group Inc. now owns 62,571,520 shares of the financial services provider’s stock worth $7,048,307,000 after acquiring an additional 3,387,971 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in Royal Bank Of Canada by 104.6% in the first quarter. Canada Pension Plan Investment Board now owns 6,346,768 shares of the financial services provider’s stock worth $715,043,000 after purchasing an additional 3,244,266 shares during the period. Bank of Nova Scotia increased its stake in shares of Royal Bank Of Canada by 8.0% during the first quarter. Bank of Nova Scotia now owns 16,802,214 shares of the financial services provider’s stock valued at $1,892,975,000 after purchasing an additional 1,249,589 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Royal Bank Of Canada during the first quarter valued at approximately $114,327,000. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of Royal Bank Of Canada in a research note on Saturday, September 27th. Cowen reissued a “hold” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 28th. Argus raised their price target on Royal Bank Of Canada from $140.00 to $162.00 and gave the company a “buy” rating in a report on Friday, August 29th. CIBC cut shares of Royal Bank Of Canada from a “sector outperform” rating to a “neutral” rating in a research note on Friday, September 5th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 28th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.50.

Royal Bank Of Canada Price Performance

NYSE RY opened at $146.95 on Monday. The company has a 50-day moving average price of $140.52 and a 200-day moving average price of $129.50. Royal Bank Of Canada has a 52 week low of $106.10 and a 52 week high of $149.26. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $206.52 billion, a P/E ratio of 15.52, a PEG ratio of 1.49 and a beta of 0.86.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its earnings results on Wednesday, August 27th. The financial services provider reported $2.79 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $12.26 billion for the quarter, compared to analysts’ expectations of $16.03 billion. During the same period last year, the firm earned $3.26 EPS. Royal Bank Of Canada’s revenue for the quarter was up 16.1% compared to the same quarter last year. Equities research analysts anticipate that Royal Bank Of Canada will post 9.16 earnings per share for the current year.

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.