3,321 Shares in Royal Bank Of Canada $RY Purchased by Sax Wealth Advisors LLC

Sax Wealth Advisors LLC acquired a new position in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) in the 2nd quarter, Holdings Channel reports. The fund acquired 3,321 shares of the financial services provider’s stock, valued at approximately $437,000.

Other large investors have also made changes to their positions in the company. Campbell & CO Investment Adviser LLC lifted its position in shares of 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 worth $2,901,000 after purchasing an additional 23,741 shares during the last quarter. Baskin Financial Services Inc. lifted its position 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 last quarter. Envestnet Asset Management Inc. lifted its position in shares of 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. lifted its position in shares of Royal Bank Of Canada by 4.4% during the 1st quarter. JPMorgan Chase & Co. now owns 6,458,212 shares of the financial services provider’s stock worth $727,970,000 after purchasing an additional 271,531 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted 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 worth $9,789,000 after purchasing an additional 3,358 shares during the last quarter. Institutional investors and hedge funds own 45.31% of the company’s stock.

Wall Street Analyst Weigh In

RY has been the subject of several recent research reports. National Bankshares reaffirmed a “sector perform” rating on shares of Royal Bank Of Canada in a report on Friday, August 15th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, August 28th. Erste Group Bank raised Royal Bank Of Canada from a “hold” rating to a “buy” rating in a report on Monday, September 22nd. Wall Street Zen raised Royal Bank Of Canada from a “sell” rating to a “hold” rating in a report on Saturday, August 30th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Royal Bank Of Canada in a report on Wednesday. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $177.50.

Royal Bank Of Canada Trading Up 0.2%

Shares of RY opened at $145.27 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 stock has a 50 day simple moving average of $141.83 and a 200-day simple moving average of $130.16. The stock has a market cap of $204.15 billion, a PE ratio of 15.34, a PEG ratio of 1.47 and a beta of 0.86.

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