PDT Partners Invests Heavily in Royal Bank Of Canada

PDT Partners LLC has acquired shares of Royal Bank Of Canada (RBC), investing approximately $2,144,000 in the financial services provider. This purchase was made in the second quarter of this year.

According to MarketBeat.com, PDT Partners is not the only institution that has recently increased its holdings in RBC. Other significant investors have also bought new positions in the company.

Norges Bank acquired a new position worth about $3,472,382,000 in the fourth quarter, while several other major institutions purchased new positions as well.

Royal Bank Of Canada has seen upgrades from research firms like Scotiabank and TD Securities, who have reiterated their 'outperform' and 'buy' ratings on the stock respectively. Analysts forecast that RBC will post 11.59 EPS for the current fiscal year.