Turn8 Private Wealth Inc. Acquires 3,455 Shares of Royal Bank Of Canada $RY

Posted by Francis Steltz on Jul 4th, 2026

Turn8 Private Wealth Inc. raised its holdings in shares of Royal Bank Of Canada (NYSE:RY – Free Report) (TSE:RY) by 12.4% in the first quarter, Holdings Channel reports. The institutional investor owned 31,386 shares of the financial services provider’s stock after buying an additional 3,455 shares during the quarter. Royal Bank Of Canada accounts for about 3.2% of Turn8 Private Wealth Inc.’s portfolio, making the stock its 11th biggest holding. Turn8 Private Wealth Inc.’s holdings in Royal Bank Of Canada were worth $5,059,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of RY. Brighton Jones LLC raised 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 purchasing an additional 575 shares during the last quarter. AQR Capital Management LLC grew its position in Royal Bank Of Canada by 60.9% in the 1st quarter. AQR Capital Management LLC now owns 11,779 shares of the financial services provider’s stock worth $1,321,000 after purchasing an additional 4,460 shares during the last quarter. Sivia Capital Partners LLC grew its position in Royal Bank Of Canada by 57.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,284 shares of the financial services provider’s stock worth $695,000 after purchasing an additional 1,934 shares during the last quarter. Baird Financial Group Inc. increased its holdings in shares of Royal Bank Of Canada by 39.1% during the 2nd quarter. Baird Financial Group Inc. now owns 13,555 shares of the financial services provider’s stock worth $1,783,000 after purchasing an additional 3,811 shares during the period. Finally, Cerity Partners LLC increased its holdings in shares of Royal Bank Of Canada by 9.0% during the 2nd quarter. Cerity Partners LLC now owns 47,721 shares of the financial services provider’s stock worth $6,279,000 after purchasing an additional 3,928 shares during the period. 45.31% of the stock is owned by institutional investors.

Royal Bank Of Canada Price Performance

NYSE:RY opened at $204.64 on Friday. The company has a 50-day moving average of $191.45 and a 200-day moving average of $176.46. The company has a market capitalization of $284.39 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 1.62 and a beta of 0.80. Royal Bank Of Canada has a 52 week low of $127.38 and a 52 week high of $209.37. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 0.82.

Royal Bank Of Canada (NYSE:RY – Get Free Report) (TSE:RY) last issued its earnings results on Thursday, May 28th. The financial services provider reported $2.84 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.03. The business had revenue of $12.84 billion for the quarter, compared to analyst estimates of $12.74 billion. Royal Bank Of Canada had a net margin of 15.92% and a return on equity of 17.68%. The firm’s revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the business earned $3.12 EPS. As a group, equities research analysts anticipate that Royal Bank Of Canada will post 11.45 earnings per share for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Monday, July 27th will be issued a dividend of $1.76 per share. The ex-dividend date of this dividend is Monday, July 27th. This is a positive change from Royal Bank Of Canada’s previous quarterly dividend of $1.64. This represents a $7.04 dividend on an annualized basis and a yield of 3.4%. Royal Bank Of Canada’s dividend payout ratio (DPR) is presently 42.41%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on RY shares. TD Securities reiterated a “buy” rating on shares of Royal Bank Of Canada in a research note on Friday, May 29th. Argus set a $225.00 price target on Royal Bank Of Canada in a research note on Thursday, June 11th. Scotiabank reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a report on Monday, June 1st. Raymond James Financial downgraded Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 12th. Finally, Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Royal Bank Of Canada in a report on Friday, May 29th. Ten analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Royal Bank Of Canada currently has an average rating of “Moderate Buy” and an average price target of $225.00.

Check Out Our Latest Research Report on RY

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.

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Institutional Ownership by Quarter for Royal Bank Of Canada (NYSE:RY)

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