Lincluden Management Ltd buys $42,149,085 stake in ROYAL BANK CDA MONTREAL QUE COM (RY)

ROYAL BANK CDA MONTREAL QUE COM (RY) : Lincluden Management Ltd scooped up 113,895 additional shares in ROYAL BANK CDA MONTREAL QUE COM during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 688,036 shares of ROYAL BANK CDA MONTREAL QUE COM which is valued at $42,149,085.ROYAL BANK CDA MONTREAL QUE COM makes up approximately 6.71% of Lincluden Management Ltd’s portfolio.

ROYAL BANK CDA MONTREAL QUE COM opened for trading at $61.74 and hit $62.1 on the upside on Wednesday, eventually ending the session at $61.79, with a gain of 0.19% or 0.12 points. The heightened volatility saw the trading volume jump to 9,26,298 shares. Company has a market cap of $91,864 M.

Other Hedge Funds, Including , Carroll Financial Associates boosted its stake in RY in the latest quarter, The investment management firm added 100 additional shares and now holds a total of 14,185 shares of ROYAL BANK CDA MONTREAL QUE COM which is valued at $868,973. ROYAL BANK CDA MONTREAL QUE COM makes up approx 0.16% of Carroll Financial Associates’s portfolio.Raymond James Trust N.a. reduced its stake in RY by selling 4,430 shares or 39.35% in the most recent quarter. The Hedge Fund company now holds 6,827 shares of RY which is valued at $418,222. ROYAL BANK CDA MONTREAL QUE COM makes up approx 0.04% of Raymond James Trust N.a.’s portfolio.Independent Portfolio Consultants boosted its stake in RY in the latest quarter, The investment management firm added 565 additional shares and now holds a total of 10,107 shares of ROYAL BANK CDA MONTREAL QUE COM which is valued at $610,665. ROYAL BANK CDA MONTREAL QUE COM makes up approx 0.17% of Independent Portfolio Consultants’s portfolio.

On the company’s financial health, ROYAL BANK CDA MONTREAL QUE COM 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 CDA MONTREAL QUE COM. ROYAL BANK CDA MONTREAL QUE COM 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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