Royal Bank of Canada (NYSE:RY) Shares Acquired by Townsquare Capital LLC

Townsquare Capital LLC boosted its holdings in Royal Bank of Canada (NYSE:RY) (TSE:RY) by 21.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,030 shares of the financial services provider’s stock after purchasing an additional 3,496 shares during the quarter. Townsquare Capital LLC’s holdings in Royal Bank of Canada were worth $2,498,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Transamerica Financial Advisors Inc. boosted its stake in Royal Bank of Canada by 2,644.4% in the third quarter. Transamerica Financial Advisors Inc. now owns 1,482 shares of the financial services provider’s stock valued at $185,000 after acquiring an additional 1,428 shares during the period. BNP Paribas Financial Markets boosted its position in Royal Bank of Canada by 38.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,276 shares of the financial services provider’s stock valued at $159,000 after purchasing an additional 356 shares during the period. FMR LLC grew its stake in Royal Bank of Canada by 75.8% during the 3rd quarter. FMR LLC now owns 17,866,021 shares of the financial services provider’s stock worth $2,229,834,000 after buying an additional 7,702,585 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Royal Bank of Canada in the third quarter valued at $1,832,000. Finally, Fisher Asset Management LLC boosted its holdings in shares of Royal Bank of Canada by 34.9% during the third quarter. Fisher Asset Management LLC now owns 411,904 shares of the financial services provider’s stock valued at $51,377,000 after acquiring an additional 106,534 shares during the period. Institutional investors own 45.31% of the company’s stock.

Royal Bank of Canada Stock Up 0.3 %

Royal Bank of Canada stock opened at $125.67 on Friday. The firm’s 50 day moving average price is $123.61 and its two-hundred day moving average price is $115.41. The firm has a market cap of $177.66 billion, a PE ratio of 15.20, a P/E/G ratio of 1.86 and a beta of 0.86. Royal Bank of Canada has a twelve month low of $88.49 and a twelve month high of $126.96. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.87 and a current ratio of 0.87.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings data on Wednesday, August 28th. The financial services provider reported $2.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.15 by $0.23. The business had revenue of $10.68 billion during the quarter, compared to analyst estimates of $10.40 billion. Royal Bank of Canada had a return on equity of 15.17% and a net margin of 12.28%. On average, research analysts predict that Royal Bank of Canada will post 8.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

RY has been the subject of several recent analyst reports. BMO Capital Markets upped their target price on shares of Royal Bank of Canada from $151.00 to $165.00 and gave the stock an “outperform” rating in a research report on Thursday, August 29th. Barclays raised shares of Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a report on Thursday, November 21st. Finally, TD Securities lowered Royal Bank of Canada from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $142.50.

Royal Bank of Canada Company 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.