Omers Administration Corp buys $131,532,373 stake in Royal Bank of Canada (RY)

Royal Bank of Canada (RY) : Omers Administration Corp scooped up 206,300 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 11, 2016. The investment management firm now holds a total of 2,128,700 shares of Royal Bank of Canada which is valued at $131,532,373.Royal Bank of Canada makes up approximately 2.68% of Omers Administration Corp’s portfolio.

Other Hedge Funds, Including , Tiaa Cref Investment Management reduced its stake in RY by selling 45,161 shares or 58.88% in the most recent quarter. The Hedge Fund company now holds 31,540 shares of RY which is valued at $1,948,857.Novare Capital Management reduced its stake in RY by selling 50 shares or 1.39% in the most recent quarter. The Hedge Fund company now holds 3,550 shares of RY which is valued at $220,207. Royal Bank of Canada makes up approx 0.06% of Novare Capital Management’s portfolio. Stanley-laman Group Ltd. sold out all of its stake in RY during the most recent quarter. The investment firm sold 10,000 shares of RY which is valued $603,100. Rothschild Asset Management Inc added RY to its portfolio by purchasing 19,397 company shares during the most recent quarter which is valued at $1,169,445. Royal Bank of Canada makes up approx 0.02% of Rothschild Asset Management Inc’s portfolio. Simplex Trading sold out all of its stake in RY during the most recent quarter. The investment firm sold 12,409 shares of RY which is valued $767,993.

Royal Bank of Canada opened for trading at $62.99 and hit $63.78 on the upside on Tuesday, eventually ending the session at $63.6, with a gain of 1.66% or 1.04 points. The heightened volatility saw the trading volume jump to 16,12,510 shares. Company has a market cap of $94,651 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.

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