Montrusco Bolton Investments Inc. Sells 33,648 Shares of Royal Bank Of Canada $RY

Posted by Francis Steltz on Oct 13th, 2026

Montrusco Bolton Investments Inc. decreased its holdings in Royal Bank Of Canada (NYSE:RY – Free Report) (TSE:RY) by 13.3% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 219,335 shares of the financial services provider’s stock after selling 33,648 shares during the quarter. Montrusco Bolton Investments Inc.’s holdings in Royal Bank Of Canada were worth $43,248,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Bank of Nova Scotia acquired a new stake in Royal Bank Of Canada in the second quarter worth about $2,549,157,000. The Manufacturers Life Insurance Company increased its stake in Royal Bank Of Canada by 2.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 12,130,512 shares of the financial services provider’s stock valued at $1,959,185,000 after buying an additional 250,859 shares during the period. Canada Pension Plan Investment Board acquired a new position in Royal Bank Of Canada during the 2nd quarter valued at about $2,275,797,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Royal Bank Of Canada during the 2nd quarter worth about $2,260,820,000. Finally, Legal & General Group Plc bought a new stake in shares of Royal Bank Of Canada during the 2nd quarter worth about $1,645,758,000. 45.31% of the stock is owned by institutional investors and hedge funds.

Royal Bank Of Canada Price Performance

RY stock traded up $2.12 on Tuesday, hitting $194.88. 1,508,979 shares of the company’s stock traded hands, compared to its average volume of 1,426,954. The stock has a market cap of $269.71 billion, a price-to-earnings ratio of 17.05, a P/E/G ratio of 1.72 and a beta of 0.80. Royal Bank Of Canada has a 1-year low of $143.13 and a 1-year high of $218.57. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.10. The stock has a fifty day moving average of $204.45 and a 200-day moving average of $195.85.

Royal Bank Of Canada (NYSE:RY – Get Free Report) (TSE:RY) last announced its quarterly earnings data on Thursday, August 27th. The financial services provider reported $3.07 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $0.18. The company had revenue of $13.22 billion during the quarter, compared to the consensus estimate of $12.98 billion. Royal Bank Of Canada had a return on equity of 17.79% and a net margin of 16.17%. On average, analysts forecast that Royal Bank Of Canada will post 11.83 EPS for the current fiscal year.

Royal Bank Of Canada Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Monday, October 26th will be given a C$1.76 dividend. This represents a $7.04 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Monday, October 26th. Royal Bank Of Canada’s dividend payout ratio (DPR) is 43.39%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on RY shares. Keefe, Bruyette & Woods began coverage on shares of Royal Bank Of Canada in a report on Friday, August 21st. They issued a “market perform” rating for the company. Scotiabank reissued an “outperform” rating on shares of Royal Bank Of Canada in a report on Friday, August 28th. Barclays restated an “overweight” rating on shares of Royal Bank Of Canada in a research report on Friday, August 21st. TD Securities reaffirmed a “buy” rating on shares of Royal Bank Of Canada in a research note on Wednesday, August 12th. Finally, Weiss Ratings upgraded 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, seven have issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Royal Bank Of Canada currently has an average rating of “Moderate Buy” and a consensus target price of $225.00.

Read Our Latest Report on Royal Bank Of Canada

Royal Bank Of Canada Company Profile

(Free Report)

Royal Bank of Canada (NYSE: RY) is a diversified financial services company headquartered in Toronto, Canada. Founded in 1864, it operates under the RBC brand and serves individuals, businesses, institutional clients and governments.

RBC provides personal and commercial banking services, including deposit accounts, lending, mortgages, credit cards, payment solutions and financial advice. Its wealth management operations offer investment management, brokerage, trust, private banking and financial planning services to individuals, families and institutions.

Through RBC Capital Markets, the company provides investment banking, corporate banking, securities, sales and trading, and financial advisory services.