Clark Capital Management Group Inc. Increases Stock Position in Royal Bank Of Canada $RY

Clark Capital Management Group Inc. increased its holdings in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 28.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 455,011 shares of the financial services provider’s stock after buying an additional 100,579 shares during the period. Clark Capital Management Group Inc.’s holdings in Royal Bank Of Canada were worth $67,032,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. EverSource Wealth Advisors LLC raised its holdings in Royal Bank Of Canada by 1.6% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 4,836 shares of the financial services provider’s stock valued at $713,000 after acquiring an additional 74 shares during the period. Advisory Resource Group boosted its holdings in shares of Royal Bank Of Canada by 0.8% in the third quarter. Advisory Resource Group now owns 9,110 shares of the financial services provider’s stock worth $1,342,000 after acquiring an additional 75 shares during the period. Ballentine Partners LLC boosted its holdings in shares of Royal Bank Of Canada by 1.5% in the third quarter. Ballentine Partners LLC now owns 5,153 shares of the financial services provider’s stock worth $759,000 after acquiring an additional 75 shares during the period. Knights of Columbus Asset Advisors LLC grew its position in shares of Royal Bank Of Canada by 2.4% in the third quarter. Knights of Columbus Asset Advisors LLC now owns 3,396 shares of the financial services provider’s stock valued at $500,000 after purchasing an additional 80 shares in the last quarter. Finally, Benjamin Edwards Inc. grew its position in shares of Royal Bank Of Canada by 2.6% in the third quarter. Benjamin Edwards Inc. now owns 3,247 shares of the financial services provider’s stock valued at $478,000 after purchasing an additional 81 shares in the last quarter. 45.31% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on RY. National Bank Financial reissued an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, December 4th. Scotiabank reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a report on Friday, January 9th. Zacks Research cut Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. UBS Group reissued a “buy” rating on shares of Royal Bank Of Canada in a report on Tuesday, November 25th. Finally, Raymond James Financial restated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Friday, February 13th. Eleven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $162.00.

Royal Bank Of Canada Trading Down 1.1%

Shares of RY stock opened at $161.25 on Friday. Royal Bank Of Canada has a 52-week low of $106.10 and a 52-week high of $176.19. The business’s fifty day moving average is $168.76 and its 200 day moving average is $157.90. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market capitalization of $225.38 billion, a PE ratio of 15.43, a price-to-earnings-growth ratio of 1.22 and a beta of 0.79.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its earnings results 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 business had revenue of $13.18 billion for the quarter, compared to analyst estimates of $12.60 billion. During the same period in the prior year, the company earned $3.62 EPS. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that Royal Bank Of Canada will post 9.16 EPS for the current fiscal year.

Royal Bank Of Canada Dividend Announcement

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

Key Headlines Impacting 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 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.