Royal Bank of Canada (NYSE:RY).
Omers Administration Corp bought 2,696,430 shares in the previous quarter increasing its holdings in Royal Bank of Canada by 90.2%. Its stake stood at $438,838,000 an increase of 102.5% as of quarter end.
Several firms have updated their holdings. As of quarter end Baird Financial Group, Inc. had sold a total of 386 shares trimming its stake by 1.4%. The value of the investment in (RY) increased from $1,970,000 to $2,071,000 a change of 5.1% for the reporting period. As of the end of the quarter Raymond James & Associates had acquired 33,137 shares growing its holdings by 8.1%. The value of the company’s investment in Royal Bank of Canada went from $29,809,000 to $34,343,000 a change of $4,534,000 quarter over quarter.
As of quarter end Agf Investments Inc. had sold 141,782 shares trimming its position 10.5%. The value of the investment in Royal Bank of Canada decreased from $98,236,000 to $93,652,000 decreasing 4.7% since the last quarter.
Macquarie updated coverage of RY with an initial rating of “Underperform”.
The company is so far trading up by 0.18% since yesterday’s close of 99.94. The P/E ratio is currently 13.67 and the market cap is 146.72B. In the last earnings report the EPS was $7.32 with 1.46B shares currently outstanding.
Traders are more bullish on shares of Royal Bank of Canada as shown by the motion in short interest. The company saw a fall in short interest of -6.71% as of the latest report on October 13, 2017. Short shares decreased from 10,865,647 to 10,136,699 over that timeframe. With short interest at 10,136,699 and short average daily volume at 644,849, the short-interest ratio is 16.0 and the short interest percentage is 0.01% as of October 13.