Royal Bank of Canada (NYSE:RY) Shares Acquired by Transamerica Financial Advisors Inc.

Transamerica Financial Advisors Inc. lifted its holdings in shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) by 2,644.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,482 shares of the financial services provider’s stock after acquiring an additional 1,428 shares during the quarter. Transamerica Financial Advisors Inc.’s holdings in Royal Bank of Canada were worth $185,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. BNP Paribas Financial Markets lifted its holdings in shares of Royal Bank of Canada by 38.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,276 shares of the financial services provider’s stock valued at $159,000 after acquiring an additional 356 shares in the last quarter. FMR LLC lifted its holdings in shares of Royal Bank of Canada by 75.8% during the 3rd quarter. FMR LLC now owns 17,866,021 shares of the financial services provider’s stock valued at $2,229,834,000 after acquiring an additional 7,702,585 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in Royal Bank of Canada in the 3rd quarter worth $1,832,000. Fisher Asset Management LLC lifted its holdings in Royal Bank of Canada by 34.9% in the 3rd quarter. Fisher Asset Management LLC now owns 411,904 shares of the financial services provider’s stock worth $51,377,000 after buying an additional 106,534 shares in the last quarter. Finally, Larson Financial Group LLC acquired a new position in Royal Bank of Canada in the 3rd quarter worth $26,000. Institutional investors and hedge funds own 45.31% of the company’s stock.

Wall Street Analyst Weigh In

RY has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their price objective on shares of Royal Bank of Canada from $151.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. TD Securities lowered shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Barclays upgraded shares of Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a report on Thursday, November 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $142.50.

Royal Bank of Canada Price Performance

RY opened at $125.27 on Thursday. The company has a 50-day moving average of $123.49 and a 200-day moving average of $115.11. The company has a market capitalization of $177.09 billion, a P/E ratio of 15.15, a PEG ratio of 1.92 and a beta of 0.86. Royal Bank of Canada has a 1-year low of $85.02 and a 1-year high of $126.96. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.87 and a current ratio of 0.87.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last released its earnings results on Wednesday, August 28th. The financial services provider reported $2.38 earnings per share for the quarter, topping the consensus estimate of $2.15 by $0.23. The company had revenue of $10.68 billion during the quarter, compared to the consensus estimate of $10.40 billion. Royal Bank of Canada had a net margin of 12.28% and a return on equity of 15.17%. Equities analysts expect that Royal Bank of Canada will post 8.37 EPS for the current fiscal 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.