Kingsview Wealth Management LLC Purchases Shares of 3,541 Royal Bank Of Canada $RY

Kingsview Wealth Management LLC acquired a new stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 3,541 shares of the financial services provider’s stock, valued at approximately $733,000.

Several other institutional investors also recently modified their holdings of RY. Echo45 Advisors LLC lifted its stake in Royal Bank Of Canada by 5.0% in the 1st quarter. Echo45 Advisors LLC now owns 1,258 shares of the financial services provider’s stock valued at $204,000 after purchasing an additional 60 shares during the last quarter. Key Financial Inc raised its stake in Royal Bank Of Canada by 63.0% in the first quarter. Key Financial Inc now owns 163 shares of the financial services provider’s stock valued at $26,000 after buying an additional 63 shares during the period. Apella Capital LLC lifted its position in shares of Royal Bank Of Canada by 3.1% in the second quarter. Apella Capital LLC now owns 2,155 shares of the financial services provider’s stock valued at $451,000 after buying an additional 64 shares during the last quarter. Alta Capital Management LLC increased its holdings in shares of Royal Bank Of Canada by 4.0% during the 4th quarter. Alta Capital Management LLC now owns 1,686 shares of the financial services provider’s stock worth $287,000 after acquiring an additional 65 shares during the last quarter. Finally, Fiduciary Financial Group LLC increased its holdings in shares of Royal Bank Of Canada by 3.5% during the 2nd quarter. Fiduciary Financial Group LLC now owns 2,026 shares of the financial services provider’s stock worth $419,000 after acquiring an additional 68 shares during the last quarter. 45.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

RY has been the subject of several research reports. Scotiabank reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a report on Friday. Argus set a $225.00 target price on shares of Royal Bank Of Canada in a research note on Thursday, June 11th. Keefe, Bruyette & Woods began coverage on shares of Royal Bank Of Canada in a report on Friday, August 21st. They issued a “market perform” rating on the stock. TD Securities restated a “buy” rating on shares of Royal Bank Of Canada in a report on Wednesday, August 12th. Finally, Barclays reaffirmed an “overweight” rating on shares of Royal Bank Of Canada in a research report on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the company’s 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 Stock Performance

Shares of Royal Bank Of Canada stock opened at $204.49 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.10. The company has a market cap of $283.55 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 1.51 and a beta of 0.80. The company has a 50 day moving average of $209.04 and a 200-day moving average of $188.01. 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 announced its quarterly earnings data on Thursday, August 27th. The financial services provider reported $3.07 EPS for the quarter, beating the consensus estimate of $2.89 by $0.18. The business had revenue of $13.22 billion during 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 17.79%. As a group, equities research analysts forecast that Royal Bank Of Canada will post 11.75 earnings per share for the current fiscal year.

Royal Bank Of Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Monday, October 26th will be paid a $1.76 dividend. The ex-dividend date of this dividend is Monday, October 26th. This represents a $7.04 annualized dividend and a yield of 3.4%. Royal Bank Of Canada’s dividend payout ratio is presently 43.39%.

Royal Bank Of Canada News Summary

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 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.