Fisher Asset Management LLC lifted its stake in shares of Royal Bank Of Canada (NYSE:RY – Free Report) (TSE:RY) by 4.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,004,866 shares of the financial services provider’s stock after purchasing an additional 281,285 shares during the quarter. Fisher Asset Management LLC owned about 0.43% of Royal Bank Of Canada worth $884,637,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of the stock. Brighton Jones LLC increased its stake in Royal Bank Of Canada by 33.1% during the 4th quarter. Brighton Jones LLC now owns 2,313 shares of the financial services provider’s stock valued at $279,000 after buying an additional 575 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Royal Bank Of Canada by 60.9% in the first quarter. AQR Capital Management LLC now owns 11,779 shares of the financial services provider’s stock valued at $1,321,000 after acquiring an additional 4,460 shares in the last quarter. Sivia Capital Partners LLC boosted its holdings in shares of Royal Bank Of Canada by 57.7% in the second quarter. Sivia Capital Partners LLC now owns 5,284 shares of the financial services provider’s stock valued at $695,000 after acquiring an additional 1,934 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in Royal Bank Of Canada during the second quarter worth approximately $1,131,000. Finally, Assetmark Inc. lifted its position in Royal Bank Of Canada by 5.4% in the second quarter. Assetmark Inc. now owns 4,161 shares of the financial services provider’s stock worth $547,000 after purchasing an additional 212 shares during the period. Institutional investors and hedge funds own 45.31% of the company’s stock.
Analyst Ratings Changes
Several equities analysts have recently issued reports on the company. Raymond James Financial reiterated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Friday, February 13th. BMO Capital Markets restated an “outperform” rating on shares of Royal Bank Of Canada in a report on Wednesday, December 17th. Zacks Research cut shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. National Bank Financial reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research report on Thursday, December 4th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Royal Bank Of Canada in a research report on Thursday, January 22nd. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $162.00.
Royal Bank Of Canada Stock Performance
Shares of RY stock opened at $167.26 on Monday. Royal Bank Of Canada has a fifty-two week low of $106.10 and a fifty-two week high of $176.19. The stock’s 50-day moving average is $170.03 and its two-hundred day moving average is $156.08. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market cap of $233.78 billion, a P/E ratio of 16.01, a PEG ratio of 1.23 and a beta of 0.79.
Royal Bank Of Canada (NYSE:RY – Get Free Report) (TSE:RY) last announced its quarterly earnings results on Thursday, February 26th. The financial services provider reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.13. Royal Bank Of Canada had a return on equity of 17.12% and a net margin of 15.28%.The business had revenue of $13.18 billion during the quarter, compared to analyst estimates of $12.60 billion. During the same period in the previous year, the company earned $3.62 EPS. The firm’s revenue was up 4.4% on a year-over-year basis. Analysts predict that Royal Bank Of Canada will post 9.16 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 Friday, May 22nd. Stockholders of record on Thursday, April 23rd will be issued a dividend of $1.64 per share. The ex-dividend date is Thursday, April 23rd. This represents a $6.56 dividend on an annualized basis and a dividend yield of 3.9%. Royal Bank Of Canada’s dividend payout ratio (DPR) is currently 45.74%.
Trending Headlines about Royal Bank Of Canada
Here are the key news stories impacting Royal Bank Of Canada this week:
- Positive Sentiment: Q1 results beat expectations — RBC reported EPS of $2.94 vs. the $2.81 consensus and revenue of $13.18B (vs. $12.6B est.), driven by growth in personal banking, wealth management and capital markets; this supports the bank’s earnings outlook and valuation. Zacks: RY beats Q1 earnings
- Positive Sentiment: Net income and revenue momentum — reporting showed ~13% net income growth and broad-based revenue strength across retail and capital markets, echoing peer-beating results for Canadian banks this quarter. Financial Post: RBC tops earnings estimates
- Positive Sentiment: Dividend maintained and investor-friendly payout — RBC declared a quarterly dividend of $1.64 (annualized yield ~3.9%, ex-dividend April 23), which supports yield-seeking investors and long-term total-return expectations.
- Neutral Sentiment: Earnings materials released — the company posted its Q1 earnings presentation and call materials (useful for assessing segment-level trends and management commentary). Seeking Alpha: Q1 presentation
- Neutral Sentiment: RBC’s capital markets research remains active — the bank’s equity research is initiating and updating coverage (e.g., Eli Lilly, AbbVie), which speaks to the franchise’s research reach but has limited direct impact on RY’s near-term stock moves. InsiderMonkey: RBC initiates LLY coverage
- Negative Sentiment: Talent attrition and trading losses in high‑yield desk — reports say at least five high‑yield analysts/traders have left after losses tied to the First Brands Group collapse, raising concerns about risk controls, P&L volatility in the corporate credit franchise and potential reputational/human‑capital costs. Financial Post: High-yield desk attrition
About Royal Bank Of Canada
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.
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