4,520 Shares in Royal Bank Of Canada $RY Purchased by Ruggaard & Associates LLC

Ruggaard & Associates LLC purchased a new stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) in the second quarter, HoldingsChannel reports. The firm purchased 4,520 shares of the financial services provider’s stock, valued at approximately $936,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. FIL Ltd boosted its holdings in Royal Bank Of Canada by 1.1% during the fourth quarter. FIL Ltd now owns 23,258,871 shares of the financial services provider’s stock worth $3,965,133,000 after buying an additional 255,465 shares during the last quarter. Norges Bank acquired a new stake in shares of Royal Bank Of Canada in the 4th quarter valued at about $3,472,382,000. Bank of Nova Scotia lifted its stake in Royal Bank Of Canada by 1.6% in the 4th quarter. Bank of Nova Scotia now owns 15,233,532 shares of the financial services provider’s stock valued at $2,596,904,000 after acquiring an additional 238,589 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Royal Bank Of Canada by 6.9% during the fourth quarter. Geode Capital Management LLC now owns 13,741,480 shares of the financial services provider’s stock worth $2,389,773,000 after purchasing an additional 882,253 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Royal Bank Of Canada by 2.1% during the first quarter. The Manufacturers Life Insurance Company now owns 12,130,512 shares of the financial services provider’s stock worth $1,959,185,000 after acquiring an additional 250,859 shares in the last quarter. 45.31% of the stock is owned by institutional investors.

Royal Bank Of Canada Stock Down 1.2%

Royal Bank Of Canada stock opened at $204.63 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market cap of $283.74 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 1.56 and a beta of 0.80. The firm has a 50 day moving average price of $208.98 and a two-hundred day moving average price of $187.80. Royal Bank Of Canada has a 52-week low of $143.13 and a 52-week high of $218.57.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings data on Thursday, August 27th. The financial services provider reported $3.07 earnings per share for the quarter, topping the consensus estimate of $2.89 by $0.18. The firm had revenue of $13.22 billion during the quarter, compared to analyst estimates of $12.98 billion. Royal Bank Of Canada had a return on equity of 17.68% and a net margin of 15.92%. Equities analysts predict that Royal Bank Of Canada will post 11.59 EPS for the current year.

Royal Bank Of Canada Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Monday, October 26th will be issued a dividend of $1.76 per share. This represents a $7.04 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, October 26th. Royal Bank Of Canada’s dividend payout ratio (DPR) is currently 44.56%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Barclays reissued an “overweight” rating on shares of Royal Bank Of Canada in a research note on Friday, August 21st. Weiss Ratings upgraded Royal Bank Of Canada from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, July 29th. TD Securities reissued a “buy” rating on shares of Royal Bank Of Canada in a report on Wednesday, August 12th. Argus set a $225.00 target price on Royal Bank Of Canada in a report on Thursday, June 11th. Finally, Scotiabank restated an “outperform” rating on shares of Royal Bank Of Canada in a research note on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $225.00.

Key Royal Bank Of Canada News

Here are the key news stories impacting Royal Bank Of Canada this week:

• Positive Sentiment: Royal Bank reported quarterly earnings of $3.07 per share, exceeding the consensus estimate of $2.89 and rising from $2.79 a year earlier. Net margin was 15.92%, while return on equity reached 17.68%. Royal Bank Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Reported third-quarter net income rose to approximately C$6.02 billion, or C$4.23 per share, from C$5.41 billion, or C$3.75 per share, a year earlier—an all-time record. Royal Bank of Canada Notches Record Income
• Positive Sentiment: Management credited strength in capital markets and commercial banking for helping drive the results, with RBC described as exceeding expectations and “raising the bar.” RBC Tops Expectations on Strength in Capital Markets and Commercial Banking
• Positive Sentiment: RBC declared a quarterly dividend of C$1.76 per share, equivalent to an annualized yield of roughly 3.4% based on the current share price. Investors of record on October 26 are scheduled to receive payment on November 24.
• Neutral Sentiment: The strong results were part of a broader trend among Canada’s major banks, with RBC, TD and CIBC all surpassing profit estimates. This validates sector strength but may also temper the impact of RBC’s results as investors compare performance across peers. Canada’s RBC, TD and CIBC Top Bank Profit Estimates

Royal Bank Of Canada Profile

Royal Bank of Canada (NYSE: RY) is a diversified financial services company and one of Canada’s largest banks. Founded in 1864 in Halifax, Nova Scotia, the firm is now headquartered in Toronto, Ontario. It provides a broad range of banking and financial services to individuals, businesses, and institutional clients through a network of branches, digital platforms and international offices.

RBC operates across several principal business segments including personal and commercial banking, wealth management, insurance, investor and treasury services, capital markets, and global asset management.