As Royal Bk Cda Montreal Que (RY) Share Price Declined, State Of Wisconsin Investment Board Has Trimmed by $6.77 Million Its Position

December 11, 2017 - By Vivian Currie

State Of Wisconsin Investment Board decreased its stake in Royal Bk Cda Montreal Que (RY) by 6.52% based on its latest 2017Q2 regulatory filing with the SEC. State Of Wisconsin Investment Board sold 94,000 shares as the company’s stock declined 9.02% while stock markets rallied. The institutional investor held 1.35 million shares of the commercial banks company at the end of 2017Q2, valued at $97.72 million, down from 1.44 million at the end of the previous reported quarter. State Of Wisconsin Investment Board who had been investing in Royal Bk Cda Montreal Que for a number of months, seems to be less bullish one the $116.49B market cap company. The stock decreased 0.09% or $0.07 during the last trading session, reaching $79.57. About 62,601 shares traded. Royal Bank of Canada (NYSE:RY) has risen 16.29% since December 11, 2016 and is uptrending. It has underperformed by 0.41% the S&P500.

State Of Wisconsin Investment Board, which manages about $30.98 billion US Long portfolio, upped its stake in Verisk Analytics Inc (NASDAQ:VRSK) by 166,790 shares to 270,368 shares, valued at $22.81 million in 2017Q2, according to the filing. It also increased its holding in Suntrust Bks Inc (NYSE:STI) by 186,930 shares in the quarter, for a total of 832,606 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: Investorplace.com which released: “Royal Bank of Canada’s (RY) Robust Sales Growth Keep it a Buy” on December 05, 2017, also Wsj.com with their article: “Royal Bank of Canada Beats Estimates, But Tech Spending Weighs on Results” published on November 29, 2017, Nasdaq.com published: “Royal Bank of Canada (RY) Q4 Earnings Impress, Revenues Up” on November 30, 2017. More interesting news about Royal Bank of Canada (NYSE:RY) were released by: Nasdaq.com and their article: “Is Royal Bank of Canada (RY) Stock a Good Value Pick Now?” published on December 08, 2017 as well as Bloomberg.com‘s news article titled: “RBC Posts Record Annual Profit While Cutting Corporate Loans” with publication date: November 29, 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 stock has “Buy” rating by Citigroup on Wednesday, September 14. The stock of Royal Bank of Canada (NYSE:RY) has “Buy” rating given on Thursday, August 27 by Bank of America. The rating was upgraded by TD Securities to “Buy” on Monday, November 21. The rating was initiated by Argus Research on Friday, July 1 with “Buy”. The firm has “Hold” rating given on Monday, April 3 by TD Securities. The stock of Royal Bank of Canada (NYSE:RY) has “Buy” rating given on Thursday, August 25 by Argus Research. The firm has “Mkt Perform” rating given on Monday, February 27 by Keefe Bruyette & Woods. The rating was downgraded by Rafferty on Thursday, December 1 to “Hold”. The rating was maintained by Argus Research with “Buy” on Monday, December 12. The firm has “Buy” rating given on Monday, August 15 by Citigroup.

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