10,692 Shares in Royal Bank Of Canada $RY Acquired by Equitable Holdings Inc.

Equitable Holdings Inc. purchased a new stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 10,692 shares of the financial services provider’s stock, valued at approximately $2,213,000.

Other hedge funds also recently added to or reduced their stakes in the company. Centaurus Financial Inc. purchased a new stake in shares of Royal Bank Of Canada during the 2nd quarter worth approximately $457,000. Public Employees Retirement System of Ohio acquired a new position in shares of Royal Bank Of Canada in the 2nd quarter valued at $62,649,000. Pure Financial Advisors LLC purchased a new position in shares of Royal Bank Of Canada in the 2nd quarter valued at $611,000. Transamerica Financial Advisors LLC purchased a new position in shares of Royal Bank Of Canada in the 2nd quarter valued at $343,000. Finally, Corient Private Wealth LP acquired a new stake in Royal Bank Of Canada during the 2nd quarter worth $6,405,000. 45.31% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Royal Bank Of Canada

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

• Positive Sentiment: Record quarterly results beat expectations. RBC reported third-quarter net income of C$6.02 billion, or C$4.23 per share, up from C$5.41 billion and C$3.75 per share a year earlier. On the U.S. reporting measure cited by analysts, earnings were $3.07 per share versus the $2.89 consensus, while revenue of $13.22 billion exceeded the $12.98 billion estimate. Royal Bank of Canada Notches Record Income
• Positive Sentiment: Capital markets and commercial banking led the performance. Management said RBC continues to raise the bar, and coverage highlighted strength in these businesses as key drivers of the earnings beat. The results also exceeded expectations alongside strong reports from several Canadian peers, reinforcing confidence in the domestic banking sector. RBC tops expectations on strength in capital markets, commercial banking
• Positive Sentiment: The dividend remains a source of shareholder support. RBC declared a quarterly dividend of C$1.76 per share, equivalent to an indicated yield of approximately 3.4% based on the cited market data. Royal Bank of Canada dividend announcement
• Neutral Sentiment: Analyst commentary is constructive but valuation is a consideration. Post-earnings coverage views the results as supportive of the investment case, but RBC trades at a relatively full valuation, with a P/E ratio near 18 and shares close to their 52-week high. That may limit the immediate reaction unless earnings growth continues. Is Royal Bank a Good Stock to Buy After Its Q3 Earnings?
• Neutral Sentiment: Oil-market uncertainty is a broader macro risk. RBC Capital Markets strategists see additional hurdles for oil prices despite increased Gulf supply. This is not a direct RBC corporate development, but prolonged energy-market volatility could affect Canadian economic conditions, capital-markets activity and credit demand. Wall Street divisions over oil prices
• Negative Sentiment: A wrongful-dismissal ruling creates a reputational and legal overhang. Commentary says RBC paid a high price in a case involving a former financial adviser, potentially drawing attention to its employment-investigation practices. The item does not indicate a material earnings impact, but it could weigh modestly on sentiment. RBC pays high price for wrongful dismissal of financial adviser

Royal Bank Of Canada Stock Down 0.0%

Shares of NYSE:RY opened at $204.49 on Friday. The stock has a market cap of $283.55 billion, a P/E ratio of 17.89, a P/E/G ratio of 1.54 and a beta of 0.80. The firm has a fifty day moving average price of $209.04 and a 200 day moving average price of $187.92. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.82 and a quick ratio of 0.82. Royal Bank Of Canada has a 1-year low of $143.13 and a 1-year high of $218.57.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its quarterly earnings data on Thursday, August 27th. The financial services provider reported $3.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.89 by $0.18. The company had revenue of $13.22 billion for the quarter, compared to the consensus estimate of $12.98 billion. Royal Bank Of Canada had a net margin of 16.17% and a return on equity of 17.94%. Sell-side analysts predict that Royal Bank Of Canada will post 11.59 EPS for the current year.

Royal Bank Of Canada Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently weighed in on RY. Raymond James Financial cut shares of Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 12th. Weiss Ratings upgraded Royal Bank Of Canada from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, July 29th. Scotiabank reissued an “outperform” rating on shares of Royal Bank Of Canada in a report on Friday. Keefe, Bruyette & Woods began coverage on Royal Bank Of Canada in a research report on Friday, August 21st. They issued a “market perform” rating for the company. Finally, Barclays restated an “overweight” rating on shares of Royal Bank Of Canada in a research note on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Royal Bank Of Canada presently has a consensus rating of “Moderate Buy” and a consensus target price of $225.00.

Royal Bank Of Canada Company 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.