1832 Asset Management LP has recently announced that it has increased stake in Royal Bank Of Canada (NYSE:RY) by 5.64%. After grabbing 52.62 million shares, the institutional investor is now in possession of 2.81 million shares of the Financial Company. The new investment brought the stake of investor firm to 3.75% having worth around $5.32 billion. Moreover, BMO Asset Management, Inc. increased its share by 1.14 million to have a control over 46.87 million shares. And TD Asset Management, Inc. raised its holdings to 1.83 million shares by acquiring 43.57 million shares or 3.11% of the stake.
Royal Bank Of Canada (RY) concluded trading on Wednesday at a closing price of $97.83, with 2.97 million shares of worth about $290.42 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -0.89% during that period and On Wednesday, January 24 the price saw a loss of about -1.45%. Currently the company’s common shares owned by public are about 1.40B shares, out of which, 1.40B shares are available for trading.
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Vanguard Total International Stoc, Government Pension Fund – Global, and RBC Canadian Dividend Fund are the top 3 mutual funds which are holding stakes in Royal Bank Of Canada Vanguard Total International Stoc is currently holding 19.02 million shares of worth totaling $1.92 billion. The company recently came buying 0.18 million shares which brought its stake up to 1.36% of the company’s outstanding shares. Government Pension Fund – Global bought 1.4 million shares, after which its hold over company’s outstanding shares expand to 1.18%, leaving 16.5 million shares with the mutual fund that have a worth of about $1.67 billion. RBC Canadian Dividend Fund, after buying 12.91 million shares, have now control over 0.92% of the stake in the company. It holds 0.0 shares of worth $1.31 billion.
However, the stock later moved at a day high price of 99.25, or with a loss of -1.45%. Stock saw a price change of 0.36% in past 5 days and over the past one month there was a price change of -2.35%. Year-to-date (YTD), RY shares are showing a performance of -3.26% which decreased to -2.90% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $77.90 but also hit the highest price of $104.72 during that period. The average intraday trading volume for Royal Bank Of Canada shares is 1.18 million. The stock is currently trading -2.22% below its 20-day simple moving average (SMA20), while that difference is up 3.48% for SMA50 and it goes to 5.58% higher than SMA200.
1832 Asset Management LP acquired 52.62 million shares of Royal Bank Of Canada having value of about $5.32 billion. Data submitted at the U.S SEC by 1832 Asset Management LP revealed that the firm now holds 2.81 million shares in the company valued at close to $274969607.04, or have control over 5.64% stake in the company. Royal Bank Of Canada (NYSE: RY) currently have 1.40B outstanding shares and institutions hold larger chunk of about 48.06% of that. Holding of mutual funds in the company is about 20.13% while other institutional holders and individual stake holders have control over 28.44% and — of the stake respectively.
The stock has a current market capitalization of $137.19B and its 3Y-monthly beta is at 0.85. PE ratio of stock for trailing 12 months is 12.57, while it has posted earnings per share of $7.78 in the same period. Its PEG reads 2.42 while making debt-to-equity ratio of 3.40. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for RY, volatility over the week remained 1.34% while standing at 1.18% over the month.
Analysts are in expectations that Royal Bank Of Canada (RY) stock would likely to be making an EPS of $2.08 in the current quarter, while forecast for next quarter EPS is $2.11 and it is $9.09 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.97 which is $2.31 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $2.27 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 1.03% while it is estimated to increase by 6.58% in next year. EPS is likely to grow at an annualized rate of 5.20% for next 5-years, compared to annual growth of 3.64% made by the stock over the past 5-years.
