Bank of Nova Scotia Trims Holdings in Royal Bank Of Canada $RY

Bank of Nova Scotia lessened its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 9.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,994,943 shares of the financial services provider’s stock after selling 1,602,202 shares during the quarter. Royal Bank Of Canada accounts for 3.9% of Bank of Nova Scotia’s investment portfolio, making the stock its 4th biggest position. Bank of Nova Scotia’s holdings in Royal Bank Of Canada were worth $2,210,236,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Johnson Financial Group Inc. bought a new position in shares of Royal Bank Of Canada during the third quarter valued at about $27,000. Toth Financial Advisory Corp bought a new stake in shares of Royal Bank Of Canada in the 3rd quarter valued at about $29,000. True Wealth Design LLC bought a new stake in shares of Royal Bank Of Canada in the 3rd quarter valued at about $31,000. Atlantic Union Bankshares Corp purchased a new stake in Royal Bank Of Canada during the 3rd quarter valued at about $38,000. Finally, CoreCap Advisors LLC boosted its holdings in Royal Bank Of Canada by 103.8% during the 3rd quarter. CoreCap Advisors LLC now owns 271 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 138 shares during the period. 45.31% of the stock is owned by institutional investors.

Royal Bank Of Canada Trading Down 1.1%

RY opened at $161.25 on Friday. Royal Bank Of Canada has a one year low of $106.10 and a one year high of $176.19. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.83 and a quick ratio of 0.83. The business has a 50 day simple moving average of $168.76 and a two-hundred day simple moving average of $157.90. The firm has a market capitalization of $225.38 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 1.22 and a beta of 0.79.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its quarterly earnings data on Thursday, February 26th. The financial services provider reported $2.94 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. Royal Bank Of Canada had a return on equity of 17.12% and a net margin of 15.28%.The firm had revenue of $13.18 billion for the quarter, compared to analyst estimates of $12.60 billion. During the same period last year, the company earned $3.62 EPS. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. Analysts predict that Royal Bank Of Canada will post 9.16 EPS for the current year.

Royal Bank Of Canada Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Thursday, April 23rd will be paid a $1.64 dividend. The ex-dividend date of this dividend is Thursday, April 23rd. This represents a $6.56 dividend on an annualized basis and a yield of 4.1%. Royal Bank Of Canada’s dividend payout ratio (DPR) is presently 45.93%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on RY. Scotiabank reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research note on Friday, January 9th. Barclays reissued an “overweight” rating on shares of Royal Bank Of Canada in a research note on Thursday, February 19th. TD Cowen upgraded shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a report on Thursday, December 4th. Jefferies Financial Group downgraded shares of Royal Bank Of Canada from a “buy” rating to a “hold” rating in a research note on Tuesday, November 25th. Finally, Zacks Research lowered shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Eleven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Royal Bank Of Canada has an average rating of “Moderate Buy” and a consensus target price of $162.00.

Trending Headlines about Royal Bank Of Canada

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

• Positive Sentiment: Recent analyst consensus remains constructive — brokerages give RY an average recommendation of “Moderate Buy,” supporting medium‑term demand for the shares. Article Title
• Positive Sentiment: Q4 results (reported Feb. 26) showed an earnings beat and revenue upside (EPS $2.94 vs. $2.81 est.; revenue $13.18B vs. $12.60B), which is supportive of fundamentals and dividend coverage. (Background filing)
• Positive Sentiment: Dividend appeal highlighted in recent coverage — Zacks profiles RY as an attractive dividend stock for income investors, which can underpin demand from yield‑focused holders. Article Title
• Neutral Sentiment: Valuation/attractiveness debate continues — recent analyst pieces and market commentary ask whether RY remains attractive after multi‑year gains, suggesting mixed views that can limit directional conviction. Article Title
• Negative Sentiment: Near‑term price weakness and underperformance reported — MarketWatch notes RY underperformed the market on Thursday, reflecting either profit‑taking after recent gains or sector‑wide headwinds that weighed on the stock. Article Title
• Negative Sentiment: Technical/flow pressure — intraday volume is below average, the stock has slipped below its 50‑day moving average (~$169) (short‑term bearish signal), though it remains near/above the 200‑day (~$158) which limits a deeper technical sell signal. (Background data)

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.