TD Waterhouse Canada Inc. Has $715.76 Million Holdings in Royal Bank Of Canada $RY

TD Waterhouse Canada Inc. boosted its stake in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 0.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,420,397 shares of the financial services provider’s stock after buying an additional 47,234 shares during the period. Royal Bank Of Canada makes up approximately 5.1% of TD Waterhouse Canada Inc.’s holdings, making the stock its biggest holding. TD Waterhouse Canada Inc. owned 0.39% of Royal Bank Of Canada worth $715,764,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of RY. Goldman Sachs Group Inc. raised its holdings in shares of Royal Bank Of Canada by 129.9% during the first quarter. Goldman Sachs Group Inc. now owns 7,063,761 shares of the financial services provider’s stock worth $796,227,000 after acquiring an additional 3,990,839 shares during the period. Vanguard Group Inc. increased its holdings in Royal Bank Of Canada by 5.7% during the 1st quarter. Vanguard Group Inc. now owns 62,571,520 shares of the financial services provider’s stock worth $7,048,307,000 after purchasing an additional 3,387,971 shares in the last quarter. Canada Pension Plan Investment Board increased its holdings in Royal Bank Of Canada by 104.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,346,768 shares of the financial services provider’s stock worth $715,043,000 after purchasing an additional 3,244,266 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Royal Bank Of Canada by 20.2% in the 2nd quarter. Geode Capital Management LLC now owns 11,374,800 shares of the financial services provider’s stock valued at $1,517,123,000 after purchasing an additional 1,910,492 shares during the period. Finally, Bank of Nova Scotia lifted its holdings in shares of Royal Bank Of Canada by 8.0% in the first quarter. Bank of Nova Scotia now owns 16,802,214 shares of the financial services provider’s stock valued at $1,892,975,000 after purchasing an additional 1,249,589 shares in the last quarter. Institutional investors own 45.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on RY shares. BMO Capital Markets reiterated an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. CIBC downgraded Royal Bank Of Canada from a “sector outperform” rating to a “neutral” rating in a research report on Friday, September 5th. Zacks Research cut shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 27th. National Bankshares reissued a “sector perform” rating on shares of Royal Bank Of Canada in a research report on Friday, August 15th. Finally, Scotiabank restated an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. Six equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $177.50.

Royal Bank Of Canada Stock Up 1.3%

NYSE:RY opened at $149.09 on Wednesday. Royal Bank Of Canada has a twelve month low of $106.10 and a twelve month high of $149.44. The firm has a market capitalization of $209.26 billion, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 1.48 and a beta of 0.86. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 0.11. The stock’s 50 day moving average price is $146.50 and its two-hundred day moving average price is $136.69.

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 EPS for the quarter, beating the consensus estimate of $2.36 by $0.43. The company had revenue of $12.26 billion during the quarter, compared to the consensus estimate of $16.03 billion. Royal Bank Of Canada had a return on equity of 16.12% and a net margin of 14.03%.The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.26 EPS. Equities research 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.