TD Asset Management Inc Has $4.18 Billion Stock Position in Royal Bank Of Canada $RY

TD Asset Management Inc increased its holdings in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 0.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,812,382 shares of the financial services provider’s stock after acquiring an additional 296,978 shares during the period. Royal Bank Of Canada makes up 3.6% of TD Asset Management Inc’s investment portfolio, making the stock its 3rd largest holding. TD Asset Management Inc’s holdings in Royal Bank Of Canada were worth $4,184,220,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sunbelt Securities Inc. lifted its holdings in shares of Royal Bank Of Canada by 2,272.7% during the first quarter. Sunbelt Securities Inc. now owns 261 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 250 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in Royal Bank Of Canada during the 1st quarter valued at approximately $32,000. Cullen Frost Bankers Inc. raised its stake in Royal Bank Of Canada by 295.4% during the first quarter. Cullen Frost Bankers Inc. now owns 344 shares of the financial services provider’s stock valued at $39,000 after buying an additional 257 shares during the last quarter. Wayfinding Financial LLC bought a new position in shares of Royal Bank Of Canada during the first quarter valued at $45,000. Finally, Roxbury Financial LLC boosted its stake in Royal Bank Of Canada by 44.3% in the 2nd quarter. Roxbury Financial LLC now owns 339 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Wall Street Analysts Forecast Growth

RY has been the subject of several recent analyst reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of Royal Bank Of Canada in a research note on Wednesday, October 8th. Scotiabank reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research report on Thursday, August 28th. Cibc World Mkts lowered Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 5th. Finally, Erste Group Bank upgraded shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research note on Monday, September 22nd. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $177.50.

Royal Bank Of Canada Stock Up 0.6%

Royal Bank Of Canada stock opened at $144.53 on Tuesday. Royal Bank Of Canada has a one year low of $106.10 and a one year high of $149.26. The stock has a fifty day moving average of $142.42 and a 200 day moving average of $130.78. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.82 and a current ratio of 0.82. The stock has a market cap of $203.11 billion, a PE ratio of 15.26, a price-to-earnings-growth ratio of 1.45 and a beta of 0.86.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued 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. Royal Bank Of Canada had a net margin of 14.03% and a return on equity of 16.12%. The firm had revenue of $12.26 billion for the quarter, compared to analysts’ expectations of $16.03 billion. During the same quarter in the prior year, the business earned $3.26 EPS. The business’s quarterly revenue was up 16.1% on a year-over-year basis. As a group, sell-side analysts predict that Royal Bank Of Canada will post 9.16 EPS for the current year.

Royal Bank Of Canada Company 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.