Godsey Gibb Associates buys $12,455,628 stake in Royal Bank of Canada (RY)

Royal Bank of Canada (RY) : Godsey Gibb Associates scooped up 7,120 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 201,580 shares of Royal Bank of Canada which is valued at $12,455,628.Royal Bank of Canada makes up approximately 2.19% of Godsey Gibb Associates’s portfolio.

Other Hedge Funds, Including , Advisor Partners boosted its stake in RY in the latest quarter, The investment management firm added 284 additional shares and now holds a total of 7,781 shares of Royal Bank of Canada which is valued at $480,788. Royal Bank of Canada makes up approx 0.16% of Advisor Partners’s portfolio.Commonwealth Equity Services Inc reduced its stake in RY by selling 1,130 shares or 5.05% in the most recent quarter. The Hedge Fund company now holds 21,240 shares of RY which is valued at $1,280,984. Royal Bank of Canada makes up approx 0.01% of Commonwealth Equity Services Inc’s portfolio.Btr Capital Management Inc reduced its stake in RY by selling 100 shares or 2.53% in the most recent quarter. The Hedge Fund company now holds 3,850 shares of RY which is valued at $238,123. Royal Bank of Canada makes up approx 0.05% of Btr Capital Management Inc’s portfolio.

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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