Amundi Sells Royal Bank Of Canada Shares Amid Q2 Earnings Beat

Amundi, an institutional investor, has sold 221,599 shares of Royal Bank Of Canada (RY) during the second quarter. This represents a reduction in its holdings by 7.9% compared to the previous quarter.

The company now owns 2,586,842 shares of RY, which is approximately 0.19% of the financial services provider's outstanding stock. Amundi's total investment in RY is valued at $535,456,000 as per its most recent SEC filing.

Royal Bank Of Canada reported quarterly earnings on August 27th, beating analysts' consensus estimates by $0.18 with a profit of $3.07 EPS. The company has a net margin of 16.17% and a return on equity of 17.79%. Sell-side analysts predict that RY will post 12.07 EPS for the current year.