Andra AP fonden lifted its holdings in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 17.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 30,000 shares of the financial services provider’s stock after purchasing an additional 4,400 shares during the period. Andra AP fonden’s holdings in Royal Bank of Canada were worth $3,224,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Royal Bank of Canada by 2.5% in the second quarter. Vanguard Group Inc. now owns 40,873,276 shares of the financial services provider’s stock valued at $3,245,337,000 after acquiring an additional 1,013,032 shares during the last quarter. Beutel Goodman & Co Ltd. boosted its holdings in Royal Bank of Canada by 99.3% in the second quarter. Beutel Goodman & Co Ltd. now owns 34,551,642 shares of the financial services provider’s stock valued at $2,675,963,000 after acquiring an additional 17,211,756 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Royal Bank of Canada by 2.7% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 14,040,104 shares of the financial services provider’s stock valued at $1,118,159,000 after acquiring an additional 364,284 shares during the last quarter. Bank of Nova Scotia boosted its holdings in Royal Bank of Canada by 0.9% in the second quarter. Bank of Nova Scotia now owns 13,046,522 shares of the financial services provider’s stock valued at $949,066,000 after acquiring an additional 115,629 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Royal Bank of Canada by 2.4% in the second quarter. Bank of America Corp DE now owns 10,571,067 shares of the financial services provider’s stock valued at $839,343,000 after acquiring an additional 245,077 shares during the last quarter. Institutional investors own 42.02% of the company’s stock.

Shares of RY opened at $81.26 on Tuesday. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. Royal Bank of Canada has a 1 year low of $65.76 and a 1 year high of $82.58. The stock has a market cap of $116.99 billion, a P/E ratio of 12.44, a price-to-earnings-growth ratio of 2.07 and a beta of 1.11. The stock’s 50-day moving average price is $81.64 and its two-hundred day moving average price is $78.98.

Several research firms recently issued reports on RY. Barclays reiterated a “sell” rating on shares of Royal Bank of Canada in a report on Wednesday, August 21st. ValuEngine cut Royal Bank of Canada from a “hold” rating to a “sell” rating in a report on Thursday, September 5th. Zacks Investment Research cut Royal Bank of Canada from a “hold” rating to a “sell” rating in a report on Thursday, November 21st. CIBC upgraded Royal Bank of Canada from a “neutral” rating to a “sector outperform” rating and raised their target price for the stock from $109.00 to $120.00 in a report on Thursday, November 21st. Finally, Scotiabank restated a “buy” rating on shares of Royal Bank of Canada in a report on Tuesday, August 20th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $108.50.

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 check and savings accounts; home equity and auto financing, personal lending, private banking, mutual fund, self-directed brokerage account, and guaranteed investment certificate services; and credit cards, and payment products and solutions for individuals.

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Institutional Ownership by Quarter for Royal Bank of Canada (NYSE:RY)

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