Royal Bank Of Canada (NYSE:RY) Shareholder Connor Clark & Lunn Investment Management Ltd Lowered Position as Price Declined

May 17, 2018 - By Russell Jones

The holdings In Royal Bank Of Canada (NYSE:RY) held by Connor Clark & Lunn Investment Management Ltd was decreased. According to 2018Q1 Securities and Exchange filling the decrease is 1.14%. The company’s stock declined 4.81% with the market as Connor Clark & Lunn Investment Management Ltd sold 169,975 shares. The institutional investor is holding 14.74 million shares, compared to the 14.91 million from the previous quarter. And the reported value of the commercial banks company is $1.14 billion for the 2018Q1. $113.65B is the MC of Royal Bank Of Canada. RY hit $79.16 during the last trading session after $0.57 change.Currently Royal Bank of Canada is uptrending after 5.90% change in last May 17, 2017. RY has 378,673 shares volume. RY underperformed the S&P 500 by 5.65%.

Connor Clark & Lunn Investment Management Ltd manages about $26.75 billion and $16.52B US Long portfolio. It upped its stake in Maxar Technologies Ltd () by 625,752 shares to 1.53M shares, valued at $70.91 million in 2018Q1, according to the filing. Connor Clark & Lunn Investment Management Ltd has risen its stake in Texas Instruments Inc. (NASDAQ:TXN) and also increased its holding in Cae Inc. (NYSE:CAE) by 703,609 shares in the quarter, for a total of 10.60M shares.

Connor Clark & Lunn Investment Management Ltd is a British Columbia, Canada-based institutional investor with more than $26.75 billion AUM in May, 2014. Taken from Connor Clark & Lunn Investment Management latest Adv, the fund reported to have 48 full and part-time employees. Among which 26 performing investment advisory and research functions. The institutional investor had more than 200 clients.

Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service firm worldwide.The firm is worth $113.65 billion. The firm operates through five divisions: Personal & Commercial Banking, Wealth Management, Insurance, Investor & Treasury Services, and Capital Markets.The P/E ratio is 13.35. The Personal & Commercial Banking segment engages in the personal and business banking operations, auto financing, and retail investment businesses.

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