BSW Wealth Partners Acquires Shares of 2,540 Royal Bank of Canada (RY)

BSW Wealth Partners acquired a new position in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 2,540 shares of the financial services provider’s stock, valued at approximately $204,000.

A number of other institutional investors also recently made changes to their positions in RY. Toronto Dominion Bank lifted its position in Royal Bank of Canada by 58.3% during the second quarter. Toronto Dominion Bank now owns 19,886,624 shares of the financial services provider’s stock worth $1,514,311,000 after buying an additional 7,326,711 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Royal Bank of Canada by 151.6% during the third quarter. JPMorgan Chase & Co. now owns 2,553,655 shares of the financial services provider’s stock worth $204,776,000 after buying an additional 1,538,669 shares in the last quarter. Acadian Asset Management LLC lifted its position in Royal Bank of Canada by 13.4% during the third quarter. Acadian Asset Management LLC now owns 8,215,637 shares of the financial services provider’s stock worth $658,089,000 after buying an additional 969,700 shares in the last quarter. AGF Investments Inc. lifted its position in Royal Bank of Canada by 106.9% during the second quarter. AGF Investments Inc. now owns 1,734,546 shares of the financial services provider’s stock worth $130,607,000 after buying an additional 896,260 shares in the last quarter. Finally, FIL Ltd increased its stake in Royal Bank of Canada by 3.0% during the third quarter. FIL Ltd now owns 21,367,285 shares of the financial services provider’s stock worth $1,712,823,000 after acquiring an additional 627,041 shares during the last quarter. Hedge funds and other institutional investors own 40.36% of the company’s stock.

RY stock opened at $72.39 on Friday. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.13. The firm has a market cap of $101.36 billion, a price-to-earnings ratio of 11.95, a price-to-earnings-growth ratio of 1.33 and a beta of 1.14. Royal Bank of Canada has a 52-week low of $69.99 and a 52-week high of $87.10.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last posted its earnings results on Wednesday, August 22nd. The financial services provider reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.62 by $0.04. The company had revenue of $8.54 billion during the quarter, compared to analysts’ expectations of $8.39 billion. Royal Bank of Canada had a return on equity of 18.11% and a net margin of 21.48%. As a group, equities research analysts anticipate that Royal Bank of Canada will post 6.47 earnings per share for the current fiscal year.

Several equities research analysts have issued reports on the company. Canaccord Genuity reissued a “hold” rating on shares of Royal Bank of Canada in a research note on Thursday. Zacks Investment Research cut Royal Bank of Canada from a “hold” rating to a “sell” rating in a research note on Tuesday, August 14th. Howard Weil raised Royal Bank of Canada from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, September 10th. ValuEngine raised Royal Bank of Canada from a “sell” rating to a “hold” rating in a research note on Thursday, August 23rd. Finally, Scotiabank raised Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a research note on Monday, September 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. Royal Bank of Canada has a consensus rating of “Hold” and an average price target of $96.25.

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Royal Bank of Canada Profile

Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers personal and business banking services, as well as auto financing and retail investment products. This segment also provides a suite of financial products and services to individual, business clients, and public institutions through its branch, automated teller machines, online, mobile, and telephone banking networks, as well as through sales professionals.

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

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