Fox Run Management L.L.C. Has $415,000 Stock Position in Royal Bank Of Canada $RY

Fox Run Management L.L.C. grew its stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 58.2% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,158 shares of the financial services provider’s stock after buying an additional 1,162 shares during the quarter. Fox Run Management L.L.C.’s holdings in Royal Bank Of Canada were worth $415,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in RY. Caitong International Asset Management Co. Ltd bought a new stake in Royal Bank Of Canada in the 1st quarter valued at $32,000. Cullen Frost Bankers Inc. raised its stake in shares of Royal Bank Of Canada by 295.4% in the 1st quarter. Cullen Frost Bankers Inc. now owns 344 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 257 shares during the period. Roxbury Financial LLC lifted its holdings 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 valued at $45,000 after purchasing an additional 104 shares in the last quarter. Cary Street Partners Investment Advisory LLC boosted its position in shares of Royal Bank Of Canada by 2,170.0% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 454 shares of the financial services provider’s stock worth $51,000 after buying an additional 434 shares during the period. Finally, Financial Management Professionals Inc. boosted its position in shares of Royal Bank Of Canada by 29.2% during the second quarter. Financial Management Professionals Inc. now owns 434 shares of the financial services provider’s stock worth $57,000 after buying an additional 98 shares during the period. Institutional investors own 45.31% of the company’s stock.

Wall Street Analysts Forecast Growth

RY has been the topic of several research reports. National Bankshares restated a “sector perform” rating on shares of Royal Bank Of Canada in a research note on Friday, August 15th. Cowen reiterated a “hold” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. Cibc World Mkts cut shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 5th. Wall Street Zen upgraded shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research note on Saturday, November 1st. Finally, Barclays restated an “overweight” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 14th. Six investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $177.50.

Royal Bank Of Canada Stock Performance

NYSE RY opened at $148.94 on Thursday. The firm has a market capitalization of $209.05 billion, a P/E ratio of 15.73, a price-to-earnings-growth ratio of 1.48 and a beta of 0.86. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.11. The firm’s fifty day moving average price is $146.30 and its two-hundred day moving average price is $135.80. Royal Bank Of Canada has a 1 year low of $106.10 and a 1 year high of $149.44.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings data on Wednesday, August 27th. The financial services provider reported $2.79 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $16.03 billion. During the same quarter in the prior year, the company earned $3.26 earnings per share. The business’s revenue for the quarter was up 16.1% compared to the same quarter last year. As a group, research analysts anticipate that Royal Bank Of Canada will post 9.16 EPS 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.