Mawer Investment Management Ltd. buys $252,991,465 stake in Royal Bank of Canada (RY)

Royal Bank of Canada (RY) : Mawer Investment Management Ltd. scooped up 107,562 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 26, 2016. The investment management firm now holds a total of 4,072,625 shares of Royal Bank of Canada which is valued at $252,991,465.Royal Bank of Canada makes up approximately 2.88% of Mawer Investment Management Ltd.’s portfolio.

Royal Bank of Canada closed down -0.15 points or -0.24% at $61.97 with 5,96,500 shares getting traded on Monday. Post opening the session at $62.31, the shares hit an intraday low of $61.66 and an intraday high of $62.39 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Davis-rea Ltd. reduced its stake in RY by selling 105,409 shares or 56.08% in the most recent quarter. The Hedge Fund company now holds 82,546 shares of RY which is valued at $5,127,758. Royal Bank of Canada makes up approx 3.45% of Davis-rea Ltd.’s portfolio.Beutel Goodman Co Ltd. reduced its stake in RY by selling 809,468 shares or 4.29% in the most recent quarter. The Hedge Fund company now holds 18,046,366 shares of RY which is valued at $1,105,520,381. Royal Bank of Canada makes up approx 11.89% of Beutel Goodman Co Ltd.’s portfolio.Premier Asset Managment reduced its stake in RY by selling 1,450 shares or 19.33% in the most recent quarter. The Hedge Fund company now holds 6,050 shares of RY which is valued at $370,623. Royal Bank of Canada makes up approx 0.09% of Premier Asset Managment’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 of Canada which is valued at $610,665. Royal Bank of Canada makes up approx 0.17% of Independent Portfolio Consultants’s portfolio.Country Club Trust Company N.a. boosted its stake in RY in the latest quarter, The investment management firm added 32,350 additional shares and now holds a total of 109,133 shares of Royal Bank of Canada which is valued at $6,593,816. Royal Bank of Canada makes up approx 0.98% of Country Club Trust Company N.a.’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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