Montrusco Bolton Investments INC Holding in Royal Bk Cda Montreal Que (RY) Has Decreased by $9.85 Million as Share Value Declined

December 8, 2017 - By Louis Casey

Montrusco Bolton Investments Inc decreased its stake in Royal Bk Cda Montreal Que (RY) by 5.52% based on its latest 2017Q2 regulatory filing with the SEC. Montrusco Bolton Investments Inc sold 136,747 shares as the company’s stock declined 9.02% while stock markets rallied. The institutional investor held 2.34 million shares of the commercial banks company at the end of 2017Q2, valued at $169.54M, down from 2.48 million at the end of the previous reported quarter. Montrusco Bolton Investments Inc who had been investing in Royal Bk Cda Montreal Que for a number of months, seems to be less bullish one the $116.16 billion market cap company. The stock increased 0.19% or $0.15 during the last trading session, reaching $79.34. About 957,310 shares traded or 22.46% up from the average. Royal Bank of Canada (NYSE:RY) has risen 16.29% since December 8, 2016 and is uptrending. It has underperformed by 0.41% the S&P500.

Montrusco Bolton Investments Inc, which manages about $6.00 billion and $1.82B US Long portfolio, upped its stake in Skyworks Solutions Inc (NASDAQ:SWKS) by 34,647 shares to 94,246 shares, valued at $9.02M in 2017Q2, according to the filing. It also increased its holding in Schein Henry Inc (NASDAQ:HSIC) by 22,149 shares in the quarter, for a total of 51,445 shares, and has risen its stake in Pembina Pipeline Corp (NYSE:PBA).

More notable recent Royal Bank of Canada (NYSE:RY) news were published by: Cbc.ca which released: “Former student sued by RBC for $170K rejects $17K settlement offer, says bank …” on December 07, 2017, also Wsj.com with their article: “Royal Bank of Canada Beats Estimates, But Tech Spending Weighs on Results” published on November 29, 2017, Seekingalpha.com published: “Royal Bank of Canada’s (RY) CEO Dave McKay On Q4 2017 Results – Earnings Call …” on November 29, 2017. More interesting news about Royal Bank of Canada (NYSE:RY) were released by: Reuters.com and their article: “Royal Bank of Canada joins G-SIB ranks” published on November 21, 2017 as well as Investorplace.com‘s news article titled: “Royal Bank of Canada’s (RY) Robust Sales Growth Keep it a Buy” with publication date: December 05, 2017.

Royal Bank of Canada (NYSE:RY) Ratings Coverage

Among 11 analysts covering Royal Bank Of Canada (NYSE:RY), 4 have Buy rating, 2 Sell and 5 Hold. Therefore 36% are positive. Royal Bank Of Canada had 18 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, December 12 by Argus Research. Argus Research initiated Royal Bank of Canada (NYSE:RY) rating on Friday, July 1. Argus Research has “Buy” rating and $69 target. Bank of America maintained Royal Bank of Canada (NYSE:RY) on Thursday, August 27 with “Buy” rating. The stock has “Hold” rating by TD Securities on Monday, April 3. Citigroup maintained Royal Bank of Canada (NYSE:RY) on Monday, August 15 with “Buy” rating. The firm has “Hold” rating by Rafferty given on Thursday, December 1. The firm has “Buy” rating given on Wednesday, September 14 by Citigroup. As per Monday, November 21, the company rating was upgraded by TD Securities. Keefe Bruyette & Woods upgraded the shares of RY in report on Monday, February 27 to “Mkt Perform” rating. Zacks downgraded Royal Bank of Canada (NYSE:RY) on Saturday, August 22 to “Hold” rating.

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