State Of Tennessee Treasury Department buys $132,824,093 stake in Royal Bank of Canada (RY)

Royal Bank of Canada (RY) : State Of Tennessee Treasury Department scooped up 313,868 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 Aug 12, 2016. The investment management firm now holds a total of 2,149,605 shares of Royal Bank of Canada which is valued at $132,824,093.Royal Bank of Canada makes up approximately 0.64% of State Of Tennessee Treasury Department’s portfolio.

Other Hedge Funds, Including , Bank Of The Ozarks reduced its stake in RY by selling 500 shares or 4.88% in the most recent quarter. The Hedge Fund company now holds 9,755 shares of RY which is valued at $602,761. Royal Bank of Canada makes up approx 0.22% of Bank Of The Ozarks’s portfolio. Investment Centers Of America Inc sold out all of its stake in RY during the most recent quarter. The investment firm sold 4,056 shares of RY which is valued $246,159.Bb&t Securities reduced its stake in RY by selling 177 shares or 1.07% in the most recent quarter. The Hedge Fund company now holds 16,315 shares of RY which is valued at $983,958. Royal Bank of Canada makes up approx 0.01% of Bb&t Securities’s portfolio. Quantitative Investment Management sold out all of its stake in RY during the most recent quarter. The investment firm sold 15,400 shares of RY which is valued $928,466.Ftb Advisors reduced its stake in RY by selling 900 shares or 24.0% in the most recent quarter. The Hedge Fund company now holds 2,850 shares of RY which is valued at $173,736. Royal Bank of Canada makes up approx 0.02% of Ftb Advisors’s portfolio.

Royal Bank of Canada opened for trading at $62.67 and hit $63.04 on the upside on Monday, eventually ending the session at $62.79, with a gain of 0.05% or 0.03 points. The heightened volatility saw the trading volume jump to 9,01,935 shares. Company has a market cap of $93,248 M.

On the company’s financial health, Royal Bank of Canada reported $1.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 24, 2016. Analyst had a consensus of $1.70.Analysts expectations of $ 9776.41.During the same quarter in the previous year, the company posted $1.66 EPS.

Many Wall Street Analysts have commented on Royal Bank of Canada. Royal Bank of Canada was Resumed by BofA/Merrill to “Underperform” on Jul 12, 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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