Dorchester Wealth Management Co buys $15,210,735 stake in Royal Bank of Canada (RY)

Royal Bank of Canada (RY) : Dorchester Wealth Management Co scooped up 6,069 additional shares in Royal Bank of Canada during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 18, 2016. The investment management firm now holds a total of 248,298 shares of Royal Bank of Canada which is valued at $15,210,735.Royal Bank of Canada makes up approximately 5.57% of Dorchester Wealth Management Co’s portfolio.

Royal Bank of Canada opened for trading at $61.18 and hit $61.73 on the upside on Friday, eventually ending the session at $61.26, with a gain of 0.67% or 0.41 points. The heightened volatility saw the trading volume jump to 10,65,634 shares. Company has a market cap of $91,076 M.

Other Hedge Funds, Including , Central Trust Co reduced its stake in RY by selling 350 shares or 8.14% in the most recent quarter. The Hedge Fund company now holds 3,950 shares of RY which is valued at $238,659. Royal Bank of Canada makes up approx 0.02% of Central Trust Co’s portfolio.Capstone Asset Management Co boosted its stake in RY in the latest quarter, The investment management firm added 476 additional shares and now holds a total of 292,295 shares of Royal Bank of Canada which is valued at $17,660,464. Royal Bank of Canada makes up approx 0.50% of Capstone Asset Management Co’s portfolio.

On the company’s financial health, Royal Bank of Canada reported $1.58 EPS for the quarter, missing the analyst consensus estimate by $ -0.09 based on the information available during the earnings call on Feb 24, 2016. Analyst had a consensus of $1.67. The company had revenue of $9359.00 million for the quarter, compared to analysts expectations of $9492.31 million. The company’s revenue was down -3.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.65 EPS.

Many Wall Street Analysts have commented on Royal Bank of Canada. Royal Bank of Canada was Downgraded by TD Securities to ” Hold” on Mar 1, 2016.

Royal Bank of Canada (RBC) is a diversified financial services company. The Company provides personal and commercial banking wealth management services insurance investor services and capital markets products and services on a global basis. It operates in five segments: Personal & Commercial Banking which operates comprises its personal and business banking operations as well as its auto financing and retail investment businesses; Wealth Management which comprises Canadian Wealth Management United States and International Wealth Management and Global Asset Management (GAM); Insurance which operates under two business lines: Canadian Insurance and International Insurance; Investor & Treasury Services which is a provider of asset servicing custody payments and treasury services and Capital Markets which comprises two business lines: Corporate and Investment Banking and Global Markets. It operates in three geographic segments: Canada United States and Other International.

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