United Capital Financial Advisors LLC acquired a new position in Royal Bank Of Canada (NYSE:RY – Free Report) (TSE:RY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 42,869 shares of the financial services provider’s stock, valued at approximately $8,872,000.
Other large investors have also recently made changes to their positions in the company. Echo45 Advisors LLC boosted its holdings in shares of Royal Bank Of Canada by 5.0% in the 1st quarter. Echo45 Advisors LLC now owns 1,258 shares of the financial services provider’s stock worth $204,000 after buying an additional 60 shares during the last quarter. Key Financial Inc increased its holdings in Royal Bank Of Canada by 63.0% during the first quarter. Key Financial Inc now owns 163 shares of the financial services provider’s stock worth $26,000 after buying an additional 63 shares during the last quarter. Apella Capital LLC raised its position in Royal Bank Of Canada by 3.1% in the second quarter. Apella Capital LLC now owns 2,155 shares of the financial services provider’s stock worth $451,000 after acquiring an additional 64 shares during the period. Alta Capital Management LLC raised its position in Royal Bank Of Canada by 4.0% in the fourth quarter. Alta Capital Management LLC now owns 1,686 shares of the financial services provider’s stock worth $287,000 after acquiring an additional 65 shares during the period. Finally, Fiduciary Financial Group LLC boosted its stake in Royal Bank Of Canada by 3.5% in the second quarter. Fiduciary Financial Group LLC now owns 2,026 shares of the financial services provider’s stock valued at $419,000 after acquiring an additional 68 shares during the last quarter. 45.31% of the stock is owned by hedge funds and other institutional investors.
Royal Bank Of Canada News Roundup
Here are the key news stories impacting Royal Bank Of Canada this week:
- Positive Sentiment: Royal Bank reported quarterly earnings of $3.07 per share, exceeding the consensus estimate of $2.89 and rising from $2.79 a year earlier. Net margin was 15.92%, while return on equity reached 17.68%. Royal Bank Q3 Earnings and Revenues Beat Estimates
- Positive Sentiment: Reported third-quarter net income rose to approximately C$6.02 billion, or C$4.23 per share, from C$5.41 billion, or C$3.75 per share, a year earlier—an all-time record. Royal Bank of Canada Notches Record Income
- Positive Sentiment: Management credited strength in capital markets and commercial banking for helping drive the results, with RBC described as exceeding expectations and “raising the bar.” RBC Tops Expectations on Strength in Capital Markets and Commercial Banking
- Positive Sentiment: RBC declared a quarterly dividend of C$1.76 per share, equivalent to an annualized yield of roughly 3.4% based on the current share price. Investors of record on October 26 are scheduled to receive payment on November 24.
- Neutral Sentiment: The strong results were part of a broader trend among Canada’s major banks, with RBC, TD and CIBC all surpassing profit estimates. This validates sector strength but may also temper the impact of RBC’s results as investors compare performance across peers. Canada’s RBC, TD and CIBC Top Bank Profit Estimates
Analyst Ratings Changes
Read Our Latest Stock Report on RY
Royal Bank Of Canada Stock Performance
Shares of RY stock opened at $204.63 on Friday. The firm’s 50 day moving average is $208.98 and its 200 day moving average is $187.80. The stock has a market capitalization of $283.74 billion, a P/E ratio of 18.39, a PEG ratio of 1.56 and a beta of 0.80. Royal Bank Of Canada has a 12 month low of $143.13 and a 12 month high of $218.57. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.10.
Royal Bank Of Canada (NYSE:RY – Get Free Report) (TSE:RY) last released its quarterly earnings data on Thursday, August 27th. The financial services provider reported $3.07 earnings per share for the quarter, beating analysts’ consensus estimates of $2.89 by $0.18. Royal Bank Of Canada had a net margin of 15.92% and a return on equity of 17.68%. The business had revenue of $13.22 billion during the quarter, compared to analyst estimates of $12.98 billion. On average, sell-side analysts anticipate that Royal Bank Of Canada will post 11.59 earnings per share for the current year.
Royal Bank Of Canada Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Monday, October 26th will be given a $1.76 dividend. The ex-dividend date is Monday, October 26th. This represents a $7.04 annualized dividend and a dividend yield of 3.4%. Royal Bank Of Canada’s payout ratio is 44.56%.
Royal Bank Of Canada Profile
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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