11,113,364 Shares in Royal Bank Of Canada $RY Bought by The Manufacturers Life Insurance Company

Posted by Francis Steltz on Aug 25th, 2026

The Manufacturers Life Insurance Company bought a new stake in Royal Bank Of Canada (NYSE:RY – Free Report) (TSE:RY) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 11,113,364 shares of the financial services provider’s stock, valued at approximately $2,296,717,000. Royal Bank Of Canada comprises about 1.8% of The Manufacturers Life Insurance Company’s portfolio, making the stock its 8th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in RY. FIL Ltd grew its holdings in shares of Royal Bank Of Canada by 1.1% during the 4th quarter. FIL Ltd now owns 23,258,871 shares of the financial services provider’s stock worth $3,965,133,000 after purchasing an additional 255,465 shares during the period. Norges Bank purchased a new position in Royal Bank Of Canada in the fourth quarter valued at approximately $3,472,382,000. Bank of Nova Scotia lifted its position in Royal Bank Of Canada by 1.6% during the fourth quarter. Bank of Nova Scotia now owns 15,233,532 shares of the financial services provider’s stock valued at $2,596,904,000 after buying an additional 238,589 shares in the last quarter. Geode Capital Management LLC lifted its position in Royal Bank Of Canada by 6.9% during the fourth quarter. Geode Capital Management LLC now owns 13,741,480 shares of the financial services provider’s stock valued at $2,389,773,000 after buying an additional 882,253 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Royal Bank Of Canada during the second quarter worth approximately $2,260,820,000. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Royal Bank Of Canada Trading Down 0.6%

NYSE:RY opened at $203.99 on Tuesday. 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 has a one year low of $136.10 and a one year high of $218.57. The business’s 50-day simple moving average is $208.67 and its 200 day simple moving average is $187.02. The stock has a market cap of $282.85 billion, a price-to-earnings ratio of 18.33, a price-to-earnings-growth ratio of 1.54 and a beta of 0.80.

Royal Bank Of Canada (NYSE:RY – Get Free Report) (TSE:RY) last issued its quarterly earnings data on Thursday, May 28th. The financial services provider reported $2.84 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $12.84 billion during the quarter, compared to analyst estimates of $12.74 billion. During the same quarter last year, the firm earned $3.12 EPS. Royal Bank Of Canada’s quarterly revenue was up 11.4% on a year-over-year basis. As a group, sell-side analysts predict that Royal Bank Of Canada will post 11.59 earnings per share for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, July 27th were given a dividend of $1.76 per share. The ex-dividend date of this dividend was Monday, July 27th. This is an increase from Royal Bank Of Canada’s previous quarterly dividend of $1.64. This represents a $7.04 dividend on an annualized basis and a dividend yield of 3.5%. Royal Bank Of Canada’s dividend payout ratio is 44.56%.

Analyst Ratings Changes

A number of equities analysts have recently commented on RY shares. Keefe, Bruyette & Woods started coverage on shares of Royal Bank Of Canada in a research note on Friday. They issued a “market perform” rating on the stock. Raymond James Financial cut shares of Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 12th. TD Securities reiterated a “buy” rating on shares of Royal Bank Of Canada in a report on Wednesday, August 12th. Argus set a $225.00 price objective on Royal Bank Of Canada in a research report on Thursday, June 11th. Finally, Barclays restated an “overweight” rating on shares of Royal Bank Of Canada in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Royal Bank Of Canada presently has a consensus rating of “Moderate Buy” and a consensus price target of $225.00.

Get Our Latest Stock Report on RY

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.