Bank Of Nova Scotia Trust Co buys $87,054,819 stake in Royal Bank of Canada (RY)

Royal Bank of Canada (RY) : Bank Of Nova Scotia Trust Co scooped up 24,135 additional shares in Royal Bank of Canada during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 1,408,882 shares of Royal Bank of Canada which is valued at $87,054,819.Royal Bank of Canada makes up approximately 10.99% of Bank Of Nova Scotia Trust Co’s portfolio.

Other Hedge Funds, Including , 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.Integrated Wealth Management boosted its stake in RY in the latest quarter, The investment management firm added 850 additional shares and now holds a total of 2,573 shares of Royal Bank of Canada which is valued at $155,126. Royal Bank of Canada makes up approx 0.06% of Integrated Wealth Management’s portfolio.

Royal Bank of Canada opened for trading at $62.39 and hit $63 on the upside on Friday, eventually ending the session at $62.92, with a gain of 0.29% or 0.18 points. The heightened volatility saw the trading volume jump to 8,05,447 shares. Company has a market cap of $93,639 M.

On the company’s financial health, Royal Bank of Canada reported $1.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 26, 2016. Analyst had a consensus of $1.64. The company had revenue of $9526.00 million for the quarter, compared to analysts expectations of $9510.53 million. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.68 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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