Cobblestone Capital Advisors LLC NY Has $374,000 Holdings in Royal Bank of Canada (NYSE:RY)

Cobblestone Capital Advisors LLC NY decreased its position in Royal Bank of Canada (NYSE:RY) (TSE:RY) by 37.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,000 shares of the financial services provider’s stock after selling 1,768 shares during the period. Cobblestone Capital Advisors LLC NY’s holdings in Royal Bank of Canada were worth $374,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of RY. Capital Performance Advisors LLP bought a new position in shares of Royal Bank of Canada during the 3rd quarter worth approximately $25,000. Larson Financial Group LLC acquired a new position in shares of Royal Bank of Canada during the 3rd quarter valued at $26,000. Ridgewood Investments LLC bought a new position in Royal Bank of Canada during the second quarter worth $27,000. Grove Bank & Trust acquired a new stake in Royal Bank of Canada in the third quarter worth $28,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in Royal Bank of Canada by 110.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 225 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 118 shares during the period. Institutional investors and hedge funds own 45.31% of the company’s stock.

Royal Bank of Canada Trading Up 0.3 %

NYSE:RY opened at $125.67 on Monday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.87 and a quick ratio of 0.87. Royal Bank of Canada has a one year low of $88.49 and a one year high of $126.96. The company has a market cap of $177.66 billion, a PE ratio of 15.20, a PEG ratio of 1.86 and a beta of 0.86. The firm has a 50-day moving average of $123.61 and a 200-day moving average of $115.48.

Analysts Set New Price Targets

RY has been the topic of a number of research analyst reports. TD Securities cut shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. BMO Capital Markets upped their price target on Royal Bank of Canada from $151.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, August 29th. Finally, Barclays raised Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $142.50.

Royal Bank of Canada Profile

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.