Royal Bank of Canada (RY) : Mackenzie Financial Corp added new position in Royal Bank of Canada during the most recent quarter end. The investment management firm now holds 7,064,822 shares of Royal Bank of Canada which is valued at $436,535,351 , the company said in a statement filed on Aug 12, 2016 with the SEC.Royal Bank of Canada makes up approximately 2.38% of Mackenzie Financial Corp’s portfolio.
Other Hedge Funds, Including , Ativo Capital Management reduced its stake in RY by selling 17 shares or 0.04% in the most recent quarter. The Hedge Fund company now holds 38,498 shares of RY which is valued at $2,378,791. Royal Bank of Canada makes up approx 0.55% of Ativo Capital Management’s portfolio.State Of Wisconsin Investment Board reduced its stake in RY by selling 132,600 shares or 6.36% in the most recent quarter. The Hedge Fund company now holds 1,951,997 shares of RY which is valued at $120,613,895. Royal Bank of Canada makes up approx 0.47% of State Of Wisconsin Investment Board’s portfolio.Wetherby Asset Management Inc boosted its stake in RY in the latest quarter, The investment management firm added 1,469 additional shares and now holds a total of 9,573 shares of Royal Bank of Canada which is valued at $591,516. Royal Bank of Canada makes up approx 0.13% of Wetherby Asset Management Inc’s portfolio.Letko Brosseau Associates Inc reduced its stake in RY by selling 13,820 shares or 0.25% in the most recent quarter. The Hedge Fund company now holds 5,415,154 shares of RY which is valued at $326,587,938. Royal Bank of Canada makes up approx 3.00% of Letko Brosseau Associates Inc’s portfolio. Jag Capital Management added RY to its portfolio by purchasing 3,450 company shares during the most recent quarter which is valued at $209,001. Royal Bank of Canada makes up approx 0.04% of Jag Capital Management’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.