Royal Bank Of Canada $RY Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. cut its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 3.4% in the second quarter, Holdings Channel reports. The institutional investor owned 170,799 shares of the financial services provider’s stock after selling 6,035 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Royal Bank Of Canada were worth $35,350,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Norges Bank purchased a new position in shares of Royal Bank Of Canada during the 4th quarter valued at approximately $3,472,382,000. Bank of Nova Scotia acquired a new stake in Royal Bank Of Canada in the 2nd quarter valued at $2,549,157,000. The Manufacturers Life Insurance Company purchased a new stake in Royal Bank Of Canada in the 2nd quarter worth $2,296,717,000. Canada Pension Plan Investment Board purchased a new stake in Royal Bank Of Canada in the 2nd quarter worth $2,275,797,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new position in Royal Bank Of Canada during the second quarter worth $2,260,820,000. 45.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. TD Securities reaffirmed a “buy” rating on shares of Royal Bank Of Canada in a report on Wednesday, August 12th. Keefe, Bruyette & Woods began coverage on shares of Royal Bank Of Canada in a research note on Friday, August 21st. They set a “market perform” rating for the company. Argus set a $225.00 price target on shares of Royal Bank Of Canada in a research report on Thursday, June 11th. Barclays reaffirmed an “overweight” rating on shares of Royal Bank Of Canada in a research note on Friday, August 21st. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Royal Bank Of Canada in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $225.00.

Royal Bank Of Canada Trading Down 0.0%

Shares of RY stock opened at $204.49 on Friday. Royal Bank Of Canada has a fifty-two week low of $143.13 and a fifty-two week high of $218.57. 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 stock’s fifty day moving average is $209.04 and its two-hundred day moving average is $187.92. The firm has a market capitalization of $283.55 billion, a P/E ratio of 17.89, a PEG ratio of 1.53 and a beta of 0.80.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its earnings results on Thursday, August 27th. The financial services provider reported $3.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $0.18. The business had revenue of $13.22 billion during the quarter, compared to analyst estimates of $12.98 billion. Royal Bank Of Canada had a net margin of 16.17% and a return on equity of 17.94%. Research analysts expect that Royal Bank Of Canada will post 11.75 earnings per share for the current fiscal year.

Royal Bank Of Canada Dividend Announcement

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

Trending Headlines about 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 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.