Royal Bank Of Canada Sees Increased Institutional Support

Quantbot Technologies LP has acquired a new position in shares of Royal Bank Of Canada (NYSE:RY), according to its most recent filing with the Securities and Exchange Commission. The fund purchased 12,665 shares of the financial services provider's stock, valued at approximately $2,621,000.

Vanguard Group Inc. is another major institutional investor that has increased its holdings in Royal Bank Of Canada by 1.9% during the 4th quarter. Vanguard now owns 67,628,463 shares of the company, worth around $11,529,165,000.

Analysts expect Royal Bank Of Canada to post earnings per share of 11.59 for the current fiscal year.