Counsel Portfolio Services adds Royal Bank of Canada (RY) to its portfolio

Royal Bank of Canada (RY) : Counsel Portfolio Services added new position in Royal Bank of Canada during the most recent quarter end. The investment management firm now holds 180,800 shares of Royal Bank of Canada which is valued at $11,171,632 , the company said in a statement filed on Aug 12, 2016 with the SEC.Royal Bank of Canada makes up approximately 1.07% of Counsel Portfolio Services’s portfolio.

Other Hedge Funds, Including , Public Sector Pension Investment Board reduced its stake in RY by selling 89,300 shares or 21.16% in the most recent quarter. The Hedge Fund company now holds 332,701 shares of RY which is valued at $20,557,595. Royal Bank of Canada makes up approx 0.25% of Public Sector Pension Investment Board’s portfolio.Alexandria Capital boosted its stake in RY in the latest quarter, The investment management firm added 7 additional shares and now holds a total of 689 shares of Royal Bank of Canada which is valued at $41,554. Royal Bank of Canada makes up approx 0.01% of Alexandria Capital’s portfolio. Huntington National Bank sold out all of its stake in RY during the most recent quarter. The investment firm sold 3,884 shares of RY which is valued $233,700.Taylor Asset Management Inc reduced its stake in RY by selling 40,200 shares or 14.96% in the most recent quarter. The Hedge Fund company now holds 228,500 shares of RY which is valued at $13,748,845. Royal Bank of Canada makes up approx 3.82% of Taylor Asset Management Inc’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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