Great Lakes Retirement Inc. Has $1.60 Million Position in Royal Bank Of Canada $RY

Great Lakes Retirement Inc. boosted its position in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 6.9% in the second quarter, Holdings Channel reports. The firm owned 12,141 shares of the financial services provider’s stock after purchasing an additional 779 shares during the period. Great Lakes Retirement Inc.’s holdings in Royal Bank Of Canada were worth $1,597,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of RY. Campbell & CO Investment Adviser LLC increased its position in shares of Royal Bank Of Canada by 1,187.6% during the first quarter. Campbell & CO Investment Adviser LLC now owns 25,740 shares of the financial services provider’s stock worth $2,901,000 after acquiring an additional 23,741 shares in the last quarter. Envestnet Asset Management Inc. increased its holdings in Royal Bank Of Canada by 1.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 341,776 shares of the financial services provider’s stock worth $38,525,000 after purchasing an additional 3,767 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Royal Bank Of Canada by 4.4% during the 1st quarter. JPMorgan Chase & Co. now owns 6,458,212 shares of the financial services provider’s stock worth $727,970,000 after purchasing an additional 271,531 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Royal Bank Of Canada by 4.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 86,847 shares of the financial services provider’s stock worth $9,789,000 after purchasing an additional 3,358 shares in the last quarter. Finally, Raymond James Financial Inc. increased its holdings in Royal Bank Of Canada by 1.3% during the 1st quarter. Raymond James Financial Inc. now owns 504,807 shares of the financial services provider’s stock worth $56,902,000 after purchasing an additional 6,640 shares in the last quarter. Institutional investors and hedge funds own 45.31% of the company’s stock.

Royal Bank Of Canada Stock Performance

Shares of RY opened at $146.45 on Friday. Royal Bank Of Canada has a 12 month low of $106.10 and a 12 month high of $149.44. The firm has a fifty day simple moving average of $145.76 and a 200 day simple moving average of $134.00. The stock has a market capitalization of $205.56 billion, a price-to-earnings ratio of 15.46, a PEG 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.

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 the consensus estimate of $2.36 by $0.43. Royal Bank Of Canada had a net margin of 14.03% and a return on equity of 16.12%. The business had revenue of $12.26 billion during the quarter, compared to analysts’ expectations of $16.03 billion. During the same quarter in the prior year, the company posted $3.26 earnings per share. The firm’s revenue was up 16.1% on a year-over-year basis. Research analysts forecast that Royal Bank Of Canada will post 9.16 EPS for the current fiscal year.

Analyst Ratings Changes

RY has been the subject of a number of research reports. Cowen reiterated a “hold” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. National Bankshares reiterated a “sector perform” rating on shares of Royal Bank Of Canada in a report on Friday, August 15th. Barclays reiterated an “overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, August 14th. Scotiabank reiterated an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. Finally, Argus increased their target price on shares of Royal Bank Of Canada from $140.00 to $162.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price 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.