Ameritas Advisory Services LLC Takes $82,000 Position in Royal Bank Of Canada $RY

Ameritas Advisory Services LLC acquired a new position in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 623 shares of the financial services provider’s stock, valued at approximately $82,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sunbelt Securities Inc. boosted its position in shares of Royal Bank Of Canada by 2,272.7% during the 1st quarter. Sunbelt Securities Inc. now owns 261 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 250 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Royal Bank Of Canada during the first quarter valued at approximately $32,000. Roxbury Financial LLC increased its position in Royal Bank Of Canada by 44.3% in the second quarter. Roxbury Financial LLC now owns 339 shares of the financial services provider’s stock worth $45,000 after buying an additional 104 shares during the last quarter. Cullen Frost Bankers Inc. increased its position in Royal Bank Of Canada by 295.4% in the first quarter. Cullen Frost Bankers Inc. now owns 344 shares of the financial services provider’s stock worth $39,000 after buying an additional 257 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new position in shares of Royal Bank Of Canada in the first quarter worth $45,000. Institutional investors own 45.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Royal Bank Of Canada in a research note on Wednesday. Cibc World Mkts downgraded Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a report on Friday, September 5th. Wall Street Zen downgraded Royal Bank Of Canada from a “hold” rating to a “sell” rating in a research note on Saturday. National Bankshares reaffirmed a “sector perform” rating on shares of Royal Bank Of Canada in a research report on Friday, August 15th. Finally, Barclays reissued an “overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, August 14th. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $177.50.

Royal Bank Of Canada Stock Performance

Royal Bank Of Canada stock opened at $143.61 on Friday. The company has a 50 day moving average price of $142.13 and a 200-day moving average price of $130.34. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.82 and a current ratio of 0.82. Royal Bank Of Canada has a fifty-two week low of $106.10 and a fifty-two week high of $149.26. The company has a market capitalization of $201.82 billion, a PE ratio of 15.16, a P/E/G ratio of 1.47 and a beta of 0.86.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its quarterly earnings data on Wednesday, August 27th. The financial services provider reported $2.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.36 by $0.43. Royal Bank Of Canada had a net margin of 14.03% and a return on equity of 16.12%. The company had revenue of $12.26 billion for the quarter, compared to analyst estimates of $16.03 billion. During the same period last year, the company posted $3.26 earnings per share. Royal Bank Of Canada’s revenue was up 16.1% compared to the same quarter last year. As a group, equities analysts forecast that Royal Bank Of Canada will post 9.16 earnings per share for the current 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.