Ieq Capital LLC Invests $4M in Royal Bank Of Canada
Ieq Capital LLC recently acquired a new stake in Royal Bank Of Canada (NYSE:RY), purchasing 19,915 shares worth approximately $4,122,000 during the second quarter. This purchase is reflected in the company's most recent 13F filing with the SEC.
This is not Ieq Capital LLC's only investment in RY; other institutional investors and hedge funds have also bought and sold shares of Royal Bank Of Canada recently. For example, Key Financial Inc boosted its stake in Royal Bank Of Canada by 63% in the first quarter, while Maseco LLP increased its holdings in the company by 355% during the same period.
The stock's current price is $203.99, with a market capitalization of $282.85 billion and a beta of 0.80. Analysts predict that Royal Bank Of Canada will post earnings per share of $11.59 for the current fiscal year.