Fiduciary Wealth Partners LLC Sells 1,512 Shares of Royal Bank Of Canada $RY

Fiduciary Wealth Partners LLC decreased its position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 72.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 585 shares of the financial services provider’s stock after selling 1,512 shares during the period. Fiduciary Wealth Partners LLC’s holdings in Royal Bank Of Canada were worth $77,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Campbell & CO Investment Adviser LLC boosted its position in Royal Bank Of Canada by 1,187.6% in 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 purchasing an additional 23,741 shares during the last quarter. Baskin Financial Services Inc. raised its stake in shares of 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 period. Envestnet Asset Management Inc. grew its position in Royal Bank Of Canada by 1.1% during the first quarter. Envestnet Asset Management Inc. now owns 341,776 shares of the financial services provider’s stock valued at $38,525,000 after buying an additional 3,767 shares during the period. JPMorgan Chase & Co. increased its holdings in Royal Bank Of Canada by 4.4% during the first quarter. JPMorgan Chase & Co. now owns 6,458,212 shares of the financial services provider’s stock worth $727,970,000 after buying an additional 271,531 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of 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 valued at $9,789,000 after acquiring an additional 3,358 shares during the period. 45.31% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

RY has been the subject of several research reports. Cowen reissued a “hold” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. Argus lifted their price objective on Royal Bank Of Canada from $140.00 to $162.00 and gave the stock a “buy” rating in a report on Friday, August 29th. Zacks Research raised shares of Royal Bank Of Canada from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. BMO Capital Markets reissued an “outperform” rating on shares of Royal Bank Of Canada in a research report on Thursday, August 28th. Finally, Barclays restated an “overweight” rating on shares of Royal Bank Of Canada in a research note on Thursday, August 14th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $177.50.

Royal Bank Of Canada Stock Performance

Royal Bank Of Canada stock opened at $147.73 on Friday. Royal Bank Of Canada has a 1-year low of $106.10 and a 1-year high of $149.26. 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 firm has a market capitalization of $207.60 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 1.48 and a beta of 0.86. The firm’s 50 day simple moving average is $144.70 and its 200 day simple moving average is $132.82.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings results on Wednesday, August 27th. The financial services provider reported $2.79 EPS for the quarter, beating analysts’ consensus estimates of $2.36 by $0.43. The firm had revenue of $12.26 billion during 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 business’s revenue for the quarter was up 16.1% on a year-over-year basis. During the same period in the previous year, the business earned $3.26 EPS. As a group, analysts expect that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal year.

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.