Lorne Steinberg Wealth Management Inc. Purchases 5,013 Shares of Royal Bank Of Canada $RY

Lorne Steinberg Wealth Management Inc. raised its position in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 4.1% in the third quarter, Holdings Channel.com reports. The fund owned 126,917 shares of the financial services provider’s stock after buying an additional 5,013 shares during the quarter. Royal Bank Of Canada comprises approximately 4.5% of Lorne Steinberg Wealth Management Inc.’s holdings, making the stock its largest position. Lorne Steinberg Wealth Management Inc.’s holdings in Royal Bank Of Canada were worth $18,701,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Canada Pension Plan Investment Board lifted its position in Royal Bank Of Canada by 8.2% during the second quarter. Canada Pension Plan Investment Board now owns 6,867,900 shares of the financial services provider’s stock valued at $905,726,000 after buying an additional 521,132 shares in the last quarter. Baskin Financial Services Inc. raised its stake in shares of Royal Bank Of Canada by 3.3% in the 2nd quarter. Baskin Financial Services Inc. now owns 64,946 shares of the financial services provider’s stock valued at $8,558,000 after acquiring an additional 2,091 shares during the period. Savant Capital LLC lifted its holdings in shares of Royal Bank Of Canada by 37.8% during the 2nd quarter. Savant Capital LLC now owns 11,590 shares of the financial services provider’s stock valued at $1,525,000 after acquiring an additional 3,179 shares in the last quarter. Vontobel Holding Ltd. boosted its position in Royal Bank Of Canada by 289.6% during the 3rd quarter. Vontobel Holding Ltd. now owns 358,695 shares of the financial services provider’s stock worth $52,856,000 after purchasing an additional 266,636 shares during the period. Finally, Vise Technologies Inc. purchased a new stake in Royal Bank Of Canada during the 2nd quarter worth $2,780,000. 45.31% of the stock is currently owned by hedge funds and other institutional investors.

Royal Bank Of Canada News Summary

Here are the key news stories impacting Royal Bank Of Canada this week:

• Positive Sentiment: RBC recommended shareholders reject TRC Capital Investment’s unsolicited mini‑tender (offer to buy ~0.036% of shares at CAD 224, about 4.5% below the prior close), framing the bid as below‑market and urging investors to protect value — a shareholder‑protective action that can reduce buyout downside risk. RBC recommends shareholders reject TRC Capital Investment’s below-market “mini tender” offer for common shares
• Neutral Sentiment: RBC’s Capital Markets & research teams remain highly active (initiations/coverage on Nvidia, Micron, Broadcom; reiterations like ServiceNow; chip sector thematic notes), highlighting recurring fee/research revenue potential but with varying near‑term earnings implications. RBC Initiates Nvidia (NVDA) at Outperform, Cites $500B+ AI Backlog and Ecosystem Dominance
• Neutral Sentiment: RBC research is publishing macro/commodity views (e.g., a note on gold approaching $5,000) that can drive client trading flows and volatility in markets RBC serves—indirectly relevant to trading and wealth‑management revenues but not an immediate bank earnings driver. Gold’s Race to $5,000 Driven by ‘Unavoidable Uncertainty,’ Says RBC Capital
• Negative Sentiment: Analyst/commentary pieces questioning whether Royal Bank of Canada’s multi‑year share gains have peaked introduce valuation concerns that could cap near‑term upside if macro or rate dynamics shift. Has Royal Bank of Canada (TSX:RY) Peaked After Strong Multi Year Share Price Gains?

Analyst Ratings Changes

A number of research analysts have commented on RY shares. Weiss Ratings restated a “buy (b)” rating on shares of Royal Bank Of Canada in a research note on Thursday. National Bankshares reissued an “outperform” rating on shares of Royal Bank Of Canada in a research report on Thursday, December 4th. UBS Group restated a “buy” rating on shares of Royal Bank Of Canada in a report on Tuesday, November 25th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research report on Wednesday, December 17th. Finally, Jefferies Financial Group cut shares of Royal Bank Of Canada from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.00.

Royal Bank Of Canada Stock Up 0.6%

RY stock opened at $169.81 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 0.11. The firm has a 50 day simple moving average of $164.03 and a 200-day simple moving average of $149.37. The company has a market capitalization of $237.32 billion, a P/E ratio of 16.93, a PEG ratio of 1.22 and a beta of 0.79. Royal Bank Of Canada has a twelve month low of $106.10 and a twelve month high of $174.61.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings results on Wednesday, December 3rd. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.25. Royal Bank Of Canada had a net margin of 14.83% and a return on equity of 16.83%. The firm had revenue of $12.27 billion for the quarter, compared to analysts’ expectations of $12.12 billion. During the same period in the prior year, the company posted $3.07 earnings per share. The firm’s quarterly revenue was up 14.2% on a year-over-year basis. On average, equities research analysts predict that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, February 24th. Stockholders of record on Monday, January 26th will be given a dividend of $1.64 per share. The ex-dividend date of this dividend is Monday, January 26th. This is a positive change from Royal Bank Of Canada’s previous quarterly dividend of $1.54. This represents a $6.56 annualized dividend and a dividend yield of 3.9%. Royal Bank Of Canada’s dividend payout ratio is 44.07%.

Royal Bank Of Canada Company 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.