The institutional investor acquired 292,688 shares of the financial services provider's stock, valued at approximately $21,167,000. Royal Bank Of Canada accounts for about 1.8% of Public Sector Pension investment Board's investment portfolio, making the stock its 3rd biggest holding.
05/21/2015 - Royal Bank Of Canada was upgraded to "buy" by analysts at Zacks.
A number of other hedge funds have also made changes to their positions in the stock. Royal Bank Of Canada had 18 analyst reports since August 4, 2015 according to SRatingsIntel. Proficio Capital Partners LLC now owns 2,098 shares of the financial services provider's stock valued at $145,000 after buying an additional 1,167 shares in the last quarter. Vanguard Group Inc. grew its holdings in Royal Bank Of Canada by 4.1% during the second quarter. The company's stock had a trading volume of 1,549,610 shares. Lastly, Mawer Investment Management grew its position in Royal Bank Of Canada by 3.5% through out the 1st period. Cidel Asset Management Inc claims 2,089,421 shares valued at $151,537,000. Finally, FMR LLC lifted its holdings in Royal Bank Of Canada by 1.9% during the first quarter. Company has a valuation of $111.58 B, a PE book ratio of 12.71 along with a stock beta of 1.05. If you are accessing this piece of content on another domain, it was illegally stolen and republished in violation of United States and worldwide copyright and trademark law. The legal version of this story can be read at https://www.equitiesfocus.com/2017/09/27/public-sector-pension-investment-board-has-209-27-million-position-in-royal-bank-of-canada-ry.html.
Royal Bank Of Canada (NYSE:RY) (TSE:RY) previously disclosed its periodic earnings reports on early Wed, Aug 23rd. Meyer Handelman Company reported 85,500 shares or 0.2% of all its holdings. The company has a market cap of $139.15 billion and a P/E ratio of 13.04. The firm has a 50-day moving average of $74.27 and a 200 day moving average of $72.18. More interesting news about Royal Bank of Canada (NYSE:RY) were released by: Seekingalpha.com and their article: "The Royal Bank Of Canada - Poised For A Bullish Move" published on August 30, 2017 as well as Seekingalpha.com's news article titled: "Royal Bank - 1 "Legacy Asset" For The Next 100 Years" with publication date: September 11, 2017.
Royal Bank Of Canada now has a P/E ratio of 12.69 and the market cap is 111.47B. The financial services provider reported $1.41 earnings per share for the quarter, missing analysts' consensus estimates of $1.42 by ($0.01). The company had revenue of $7.43 billion during the quarter, compared to the consensus estimate of $7.11 billion. Royal Bank Of Canada had a return on equity of 16.63% and a net margin of 22.98%. Equities analysts anticipate that Royal Bank Of Canada will post $6.08 EPS for the current fiscal year. Shareholders of record on Thursday, October 26th will be given a $0.91 dividend. This represents a $3.48 annualized dividend and a dividend yield of 3.58%.
Several research firms have recently issued reports on RY. Bank of America maintained Royal Bank of Canada (NYSE:RY) on Thursday, August 27 with "Buy" rating. Scotiabank lowered Royal Bank Of Canada from an "outperform" rating to a "sector perform" rating in a report on Monday, August 21st. The firm has "Mkt Perform" rating by Keefe Bruyette & Woods given on Monday, February 27. BidaskClub raised Royal Bank Of Canada from a "strong sell" rating to a "sell" rating in a report on Friday, June 30th. Finally, Canaccord Genuity initiated coverage on shares of Royal Bank Of Canada in a research note on Tuesday, July 18th. They set a "hold" rating on the stock. The stock of Royal Bank of Canada (NYSE:RY) earned "Buy" rating by Argus Research on Monday, December 12. The stock presently has a consensus rating of "Hold" and a consensus price target of $80.00. Stevens Capital Management LP's holdings in Royal Bank Of Canada were valued $5,047,000 as of its latest document with the Securities & Exchange Commission. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis.