TrueMark Investments LLC Boosts Holdings in Royal Bank Of Canada $RY

TrueMark Investments LLC boosted its position in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 18.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,236 shares of the financial services provider’s stock after acquiring an additional 966 shares during the period. TrueMark Investments LLC’s holdings in Royal Bank Of Canada were worth $820,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in RY. Sunbelt Securities Inc. lifted its stake 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 worth $29,000 after buying an additional 250 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Royal Bank Of Canada during the first quarter worth $32,000. Cullen Frost Bankers Inc. lifted its stake in shares of 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 worth $39,000 after buying an additional 257 shares during the period. Wayfinding Financial LLC acquired a new stake in shares of Royal Bank Of Canada during the first quarter worth $45,000. Finally, Roxbury Financial LLC lifted its stake in shares of Royal Bank Of Canada by 44.3% during the second quarter. Roxbury Financial LLC now owns 339 shares of the financial services provider’s stock worth $45,000 after buying an additional 104 shares during the period. 45.31% of the stock is currently owned by institutional investors and hedge funds.

Royal Bank Of Canada Trading Up 0.3%

Shares of Royal Bank Of Canada stock opened at $145.81 on Monday. Royal Bank Of Canada has a 1 year low of $106.10 and a 1 year high of $149.26. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.82 and a quick ratio of 0.82. The firm has a fifty day moving average price of $143.53 and a 200 day moving average price of $131.67. The stock has a market cap of $204.91 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 1.46 and a beta of 0.86.

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 for the quarter, beating analysts’ consensus estimates 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 company had revenue of $12.26 billion during the quarter, compared to analysts’ expectations of $16.03 billion. During the same quarter in the previous year, the company earned $3.26 earnings per share. The firm’s revenue for the quarter was up 16.1% on a year-over-year basis. Equities research analysts predict that Royal Bank Of Canada will post 9.16 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Cowen reiterated a “hold” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 28th. Cibc World Mkts downgraded shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research note on Friday, September 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Bank Of Canada in a report on Wednesday, October 8th. Barclays reissued an “overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, August 14th. Finally, CIBC cut shares of Royal Bank Of Canada from a “sector outperform” rating to a “neutral” rating in a report on Friday, September 5th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.