BlackRock Inc. Invests $303.75 Million in Royal Bank Of Canada $RY

Posted by Stanley Muller on Aug 27th, 2026

BlackRock Inc. acquired a new stake in Royal Bank Of Canada (NYSE:RY – Free Report) (TSE:RY) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,467,611 shares of the financial services provider’s stock, valued at approximately $303,751,000.

Other large investors also recently modified their holdings of the company. Norges Bank bought a new position in Royal Bank Of Canada during the fourth quarter worth $3,472,382,000. Deutsche Bank AG bought a new stake in Royal Bank Of Canada during the second quarter valued at $540,037,000. Alberta Investment Management Corp acquired a new stake in Royal Bank Of Canada during the 4th quarter worth about $324,237,000. Assenagon Asset Management S.A. grew its holdings in Royal Bank Of Canada by 3,329.9% during the 2nd quarter. Assenagon Asset Management S.A. now owns 1,589,605 shares of the financial services provider’s stock worth $329,002,000 after acquiring an additional 1,543,260 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in shares of Royal Bank Of Canada in the 2nd quarter worth about $281,071,000. 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 $207.52 on Thursday. Royal Bank Of Canada has a one year low of $141.37 and a one year high of $218.57. The firm has a market capitalization of $287.75 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 1.56 and a beta of 0.80. The business has a 50-day simple moving average of $208.92 and a 200 day simple moving average of $187.56. 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 (NYSE:RY – Get Free Report) (TSE:RY) last announced its quarterly earnings results on Thursday, May 28th. The financial services provider reported $2.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.03. Royal Bank Of Canada had a return on equity of 17.68% and a net margin of 15.92%.The business had revenue of $12.84 billion for the quarter, compared to analyst estimates of $12.74 billion. During the same quarter in the prior year, the company earned $3.12 earnings per share. The company’s quarterly revenue was up 11.4% on a year-over-year basis. On average, research analysts anticipate that Royal Bank Of Canada will post 11.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

RY has been the topic of several research analyst reports. TD Securities restated a “buy” rating on shares of Royal Bank Of Canada in a research report on Wednesday, August 12th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Royal Bank Of Canada in a report on Wednesday, August 19th. Barclays reissued an “overweight” rating on shares of Royal Bank Of Canada in a research note on Friday, August 21st. Argus set a $225.00 price target on Royal Bank Of Canada in a report on Thursday, June 11th. Finally, Weiss Ratings raised shares of Royal Bank Of Canada from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $225.00.

Read Our Latest Research Report on Royal Bank Of Canada

About Royal Bank Of Canada

(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.