Hillsdale Investment Management Inc. Acquires 111,220 Shares of Royal Bank Of Canada $RY

Posted by Geri Gentry on May 30th, 2026

Hillsdale Investment Management Inc. boosted its holdings in shares of Royal Bank Of Canada (NYSE:RY – Free Report) (TSE:RY) by 13.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 965,757 shares of the financial services provider’s stock after buying an additional 111,220 shares during the period. Royal Bank Of Canada accounts for 4.6% of Hillsdale Investment Management Inc.’s investment portfolio, making the stock its largest holding. Hillsdale Investment Management Inc.’s holdings in Royal Bank Of Canada were worth $164,934,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in RY. Canerector Inc. lifted its holdings in Royal Bank Of Canada by 20,412.0% during the 3rd quarter. Canerector Inc. now owns 13,332,800 shares of the financial services provider’s stock worth $1,964,188,000 after buying an additional 13,267,800 shares in the last quarter. Quadrature Capital Ltd lifted its holdings in Royal Bank Of Canada by 603.1% during the 3rd quarter. Quadrature Capital Ltd now owns 1,746,400 shares of the financial services provider’s stock worth $257,183,000 after buying an additional 1,498,000 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Royal Bank Of Canada by 2.0% during the 3rd quarter. Vanguard Group Inc. now owns 66,338,321 shares of the financial services provider’s stock worth $9,777,472,000 after buying an additional 1,329,637 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Royal Bank Of Canada by 6.9% during the 4th quarter. Geode Capital Management LLC now owns 13,741,480 shares of the financial services provider’s stock worth $2,389,773,000 after buying an additional 882,253 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Royal Bank Of Canada by 11.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 7,296,221 shares of the financial services provider’s stock worth $1,074,879,000 after buying an additional 740,276 shares in the last quarter. 45.31% of the stock is currently owned by institutional investors and hedge funds.

Royal Bank Of Canada Stock Performance

Shares of Royal Bank Of Canada stock opened at $189.92 on Friday. The firm’s fifty day simple moving average is $175.27 and its 200-day simple moving average is $168.46. Royal Bank Of Canada has a 12 month low of $124.19 and a 12 month high of $191.51. The stock has a market capitalization of $265.45 billion, a price-to-earnings ratio of 17.06, a PEG ratio of 1.48 and a beta of 0.80. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.70 and a quick ratio of 0.70.

Royal Bank Of Canada (NYSE:RY – Get Free Report) (TSE:RY) last issued its quarterly earnings results on Thursday, May 28th. The financial services provider reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.03. Royal Bank Of Canada had a net margin of 15.92% and a return on equity of 17.83%. The firm had revenue of $12.84 billion during the quarter, compared to analysts’ expectations of $12.74 billion. During the same quarter in the prior year, the business earned $3.12 EPS. Royal Bank Of Canada’s quarterly revenue was up 11.4% compared to the same quarter last year. As a group, equities analysts forecast that Royal Bank Of Canada will post 11.53 earnings per share for the current year.

Royal Bank Of Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Monday, July 27th will be given a dividend of $1.76 per share. This represents a $7.04 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, July 27th. This is an increase from Royal Bank Of Canada’s previous quarterly dividend of $1.64. Royal Bank Of Canada’s payout ratio is 45.17%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on RY. Weiss Ratings lowered shares of Royal Bank Of Canada from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. Barclays restated an “overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, February 19th. Scotiabank restated an “outperform” rating on shares of Royal Bank Of Canada in a report on Monday, May 4th. Zacks Research lowered shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Royal Bank Of Canada in a report on Friday. Ten investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $162.00.

Check Out Our Latest Stock Report on RY

Key Stories Impacting Royal Bank Of Canada

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

Positive Sentiment: Royal Bank of Canada reported quarterly earnings and revenue above analyst expectations, helped by stronger-than-forecast results across most business segments and lower loan-loss provisions. RBC Beats Estimates on Strong Results Across Its Business Lines
Positive Sentiment: The company increased its quarterly dividend to $1.76 per share from $1.64, signaling management confidence in earnings power and capital strength. Royal Bank Of Canada Price Performance
Positive Sentiment: Management sounded upbeat on the Canadian economy and said it is not worried about fintech competition, reinforcing the view that RBC can defend its market position. RBC CEO not afraid of competition, dismisses possibility of fintech disruption
Neutral Sentiment: Insider buying was reported in a separate RIAEX filing tied to Global Asset Management (U.S.) Inc. RBC, but it does not appear directly related to Royal Bank of Canada’s public shares. Insider Purchase: 10% owner at $RIAEX Buys 1,956,000 Shares

Royal Bank Of Canada Company Profile

(Free Report)

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.