Bank Of Nova Scotia Trust Company Holding in Royal Bk Cda Montreal Que (RY) Has Decreased by $10.48 Million

June 16, 2018 - By Adrian Erickson

Bank Of Nova Scotia Trust Company decreased its stake in Royal Bk Cda Montreal Que (RY) by 9.68% based on its latest 2018Q1 regulatory filing with the SEC. Bank Of Nova Scotia Trust Company sold 136,120 shares as the company’s stock declined 6.00% with the market. The institutional investor held 1.27M shares of the commercial banks company at the end of 2018Q1, valued at $98.17M, down from 1.41 million at the end of the previous reported quarter. Bank Of Nova Scotia Trust Company who had been investing in Royal Bk Cda Montreal Que for a number of months, seems to be less bullish one the $109.39 billion market cap company. The stock decreased 0.39% or $0.3 during the last trading session, reaching $76.01. About 840,731 shares traded or 21.15% up from the average. Royal Bank of Canada (NYSE:RY) has risen 9.18% since June 16, 2017 and is uptrending. It has underperformed by 3.39% the S&P500.

Bank Of Nova Scotia Trust Company, which manages about $857.27M US Long portfolio, upped its stake in Brookfield Infrast Partners (NYSE:BIP) by 139,602 shares to 360,688 shares, valued at $15.02M in 2018Q1, according to the filing.

Analysts await Royal Bank of Canada (NYSE:RY) to report earnings on August, 22. They expect $1.63 EPS, up 15.60 % or $0.22 from last year’s $1.41 per share. RY’s profit will be $2.35 billion for 11.66 P/E if the $1.63 EPS becomes a reality. After $1.65 actual EPS reported by Royal Bank of Canada for the previous quarter, Wall Street now forecasts -1.21 % negative EPS growth.

More notable recent Royal Bank of Canada (NYSE:RY) news were published by: Seekingalpha.com which released: “Royal Bank Is By Far My Favorite” on June 06, 2018, also Fool.ca with their article: “2 Top Dividend Stocks You Can Safely Stash in Your TFSA” published on June 15, 2018, Seekingalpha.com published: “Royal Bank Of Canada: Poised For Growth As The Canadian Economy Accelerates” on May 31, 2018. More interesting news about Royal Bank of Canada (NYSE:RY) were released by: Seekingalpha.com and their article: “Bank cyber attacks reported in Canada” published on May 29, 2018 as well as Seekingalpha.com‘s news article titled: “Royal Bank Of Canada: Still A Buy” with publication date: May 18, 2018.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.