Oppenheimer & Co. Inc. increased its position in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 12.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,715 shares of the financial services provider’s stock after purchasing an additional 3,436 shares during the period. Oppenheimer & Co. Inc.’s holdings in Royal Bank Of Canada were worth $2,376,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC lifted its holdings in Royal Bank Of Canada by 4.0% during the 2nd quarter. Quadrant Capital Group LLC now owns 1,709 shares of the financial services provider’s stock valued at $102,000 after buying an additional 65 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Royal Bank Of Canada by 1.2% in the 2nd quarter. Proficio Capital Partners LLC now owns 2,124 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 26 shares in the last quarter. Asset Advisors Corp bought a new stake in shares of Royal Bank Of Canada in the 3rd quarter valued at about $178,000. Mckinley Capital Management LLC Delaware bought a new stake in shares of Royal Bank Of Canada in the 2nd quarter valued at about $191,000. Finally, RFG Advisory Group LLC bought a new stake in shares of Royal Bank Of Canada in the 2nd quarter valued at about $201,000. 40.75% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently commented on the stock. BidaskClub upgraded shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a report on Saturday, August 19th. Scotiabank restated a “hold” rating and issued a $101.00 price target on shares of Royal Bank Of Canada in a report on Wednesday, November 22nd. Howard Weil lowered shares of Royal Bank Of Canada to a “sector perform” rating in a report on Monday, August 21st. Macquarie assumed coverage on shares of Royal Bank Of Canada in a report on Tuesday, October 24th. They issued an “underperform” rating for the company. Finally, Zacks Investment Research upgraded shares of Royal Bank Of Canada from a “sell” rating to a “buy” rating and set a $83.00 price target for the company in a report on Wednesday, August 9th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company’s stock. Royal Bank Of Canada currently has an average rating of “Hold” and an average target price of $87.00.

Royal Bank Of Canada (RY) traded down $0.16 during midday trading on Monday, hitting $79.63. 340,800 shares of the company traded hands, compared to its average volume of 973,290. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market cap of $116,095.27, a price-to-earnings ratio of 14.40, a PEG ratio of 1.98 and a beta of 1.08. Royal Bank Of Canada has a 1 year low of $64.82 and a 1 year high of $80.98.

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Royal Bank Of Canada Company Profile

Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.

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Institutional Ownership by Quarter for Royal Bank Of Canada (NYSE:RY)

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