Roxbury Financial LLC Acquires 104 Shares of Royal Bank Of Canada $RY

Roxbury Financial LLC lifted its position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 44.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 339 shares of the financial services provider’s stock after acquiring an additional 104 shares during the quarter. Roxbury Financial LLC’s holdings in Royal Bank Of Canada were worth $45,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Campbell & CO Investment Adviser LLC increased its position in Royal Bank Of Canada by 1,187.6% during the 1st quarter. Campbell & CO Investment Adviser LLC now owns 25,740 shares of the financial services provider’s stock valued at $2,901,000 after purchasing an additional 23,741 shares during the period. Baskin Financial Services Inc. grew its position in Royal Bank Of Canada by 5.0% during the 1st quarter. Baskin Financial Services Inc. now owns 62,855 shares of the financial services provider’s stock worth $7,079,000 after purchasing an additional 3,006 shares during the last quarter. Envestnet Asset Management Inc. grew its position 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 during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Royal Bank Of Canada by 4.4% in the 1st quarter. JPMorgan Chase & Co. now owns 6,458,212 shares of the financial services provider’s stock valued at $727,970,000 after acquiring an additional 271,531 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Royal Bank Of Canada by 4.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 86,847 shares of the financial services provider’s stock valued at $9,789,000 after acquiring an additional 3,358 shares during the last quarter. Institutional investors own 45.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on RY. BMO Capital Markets reiterated an “outperform” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 28th. Argus upped 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. Cowen reissued a “hold” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. Cibc World Mkts lowered shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 5th. Finally, National Bankshares reaffirmed a “sector perform” rating on shares of Royal Bank Of Canada in a research note on Friday, August 15th. Four analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $177.50.

Royal Bank Of Canada Stock Down 0.6%

Shares of NYSE:RY opened at $144.21 on Friday. 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 company has a market capitalization of $202.65 billion, a PE ratio of 15.23, a P/E/G ratio of 1.49 and a beta of 0.88. The firm has a 50 day simple moving average of $136.19 and a 200-day simple moving average of $125.92. Royal Bank Of Canada has a twelve month low of $106.10 and a twelve month high of $147.64.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its earnings results on Wednesday, August 27th. The financial services provider reported $2.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.36 by $0.43. The business had revenue of $12.26 billion for the quarter, compared to analyst estimates of $16.03 billion. Royal Bank Of Canada had a net margin of 14.03% and a return on equity of 16.12%. The company’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period last year, the firm posted $3.26 earnings per share. On average, equities analysts predict that Royal Bank Of Canada will post 9.16 EPS for the current fiscal year.

About Royal Bank Of Canada

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.