Altrius Capital Management Inc lifted its stake in shares of Royal Bank of Canada (NYSE:RY – Free Report) (TSE:RY) by 1.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 76,660 shares of the financial services provider’s stock after purchasing an additional 1,354 shares during the quarter. Royal Bank of Canada comprises about 2.1% of Altrius Capital Management Inc’s investment portfolio, making the stock its 6th largest position. Altrius Capital Management Inc’s holdings in Royal Bank of Canada were worth $8,155,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. purchased a new position in Royal Bank of Canada in the 4th quarter valued at approximately $301,000. Avantax Advisory Services Inc. raised its stake in shares of Royal Bank of Canada by 23.3% during the 4th quarter. Avantax Advisory Services Inc. now owns 5,101 shares of the financial services provider’s stock worth $516,000 after buying an additional 964 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Royal Bank of Canada by 5.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 80,677 shares of the financial services provider’s stock worth $8,159,000 after buying an additional 4,476 shares in the last quarter. UBS Group AG increased its holdings in Royal Bank of Canada by 26.7% during the 4th quarter. UBS Group AG now owns 469,632 shares of the financial services provider’s stock valued at $47,494,000 after acquiring an additional 98,983 shares in the last quarter. Finally, Corient Private Wealth LLC increased its holdings in Royal Bank of Canada by 16.8% during the 4th quarter. Corient Private Wealth LLC now owns 35,993 shares of the financial services provider’s stock valued at $3,640,000 after acquiring an additional 5,164 shares in the last quarter. Hedge funds and other institutional investors own 45.31% of the company’s stock.
Royal Bank of Canada Trading Down 0.2 %
Shares of RY opened at $122.56 on Thursday. Royal Bank of Canada has a fifty-two week low of $77.90 and a fifty-two week high of $124.46. The stock has a fifty day moving average of $114.38 and a two-hundred day moving average of $106.78. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.87 and a current ratio of 0.87. The company has a market capitalization of $173.43 billion, a PE ratio of 15.21, a price-to-earnings-growth ratio of 2.01 and a beta of 0.86.
Royal Bank of Canada Cuts Dividend
Analyst Upgrades and Downgrades
RY has been the topic of several research reports. StockNews.com lowered shares of Royal Bank of Canada from a “hold” rating to a “sell” rating in a research report on Saturday, July 20th. BMO Capital Markets increased their target price on Royal Bank of Canada from $151.00 to $165.00 and gave the company an “outperform” rating in a report on Thursday, August 29th. UBS Group started coverage on Royal Bank of Canada in a report on Tuesday, July 2nd. They issued a “buy” rating for the company. Finally, Argus upped their price objective on Royal Bank of Canada from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, June 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Royal Bank of Canada presently has an average rating of “Moderate Buy” and an average target price of $142.50.
Get Our Latest Stock Report on Royal Bank of Canada
About Royal Bank of Canada
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.
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