Royal Bank Of Canada $RY Shares Bought by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. boosted its stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 238.4% in the 3rd quarter, Holdings Channel reports. The firm owned 101,067 shares of the financial services provider’s stock after buying an additional 71,198 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Royal Bank Of Canada were worth $14,896,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of RY. Canada Pension Plan Investment Board raised its stake in shares of 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 purchasing an additional 521,132 shares during the period. Savant Capital LLC grew its holdings in 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 purchasing an additional 3,179 shares in the last quarter. Vontobel Holding Ltd. increased its stake 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 buying an additional 266,636 shares during the period. Vise Technologies Inc. acquired a new position in Royal Bank Of Canada in the 2nd quarter worth $2,780,000. Finally, Ontario Teachers Pension Plan Board purchased a new position in Royal Bank Of Canada in the 2nd quarter valued at about $2,670,000. Institutional investors and hedge funds own 45.31% of the company’s stock.

Royal Bank Of Canada Stock Down 1.5%

Shares of NYSE:RY opened at $167.26 on Friday. The company’s fifty day moving average is $170.03 and its two-hundred day moving average is $155.79. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81. Royal Bank Of Canada has a 1-year low of $106.10 and a 1-year high of $176.19. The stock has a market capitalization of $233.78 billion, a price-to-earnings ratio of 16.01, a price-to-earnings-growth ratio of 1.26 and a beta of 0.79.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings data on Thursday, February 26th. The financial services provider reported $2.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. Royal Bank Of Canada had a net margin of 15.28% and a return on equity of 17.30%. The business had revenue of $13.18 billion during the quarter, compared to the consensus estimate of $12.60 billion. During the same quarter in the prior year, the firm earned $3.62 EPS. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. Equities analysts anticipate that Royal Bank Of Canada will post 9.16 EPS for the current year.

Royal Bank Of Canada Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Thursday, April 23rd will be issued a $1.64 dividend. The ex-dividend date of this dividend is Thursday, April 23rd. This represents a $6.56 annualized dividend and a dividend yield of 3.9%. Royal Bank Of Canada’s dividend payout ratio (DPR) is 45.74%.

Analyst Ratings Changes

RY has been the subject of a number of analyst reports. TD Securities raised Royal Bank Of Canada from a “hold” rating to a “buy” rating in a report on Thursday, December 4th. National Bank Financial reissued an “outperform” rating on shares of Royal Bank Of Canada in a research report on Thursday, December 4th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a report on Wednesday, December 17th. TD Cowen upgraded shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research note on Thursday, December 4th. Finally, Wall Street Zen raised shares of Royal Bank Of Canada from a “sell” rating to a “hold” rating in a research report on Saturday, November 1st. Eleven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $162.00.

Key Headlines Impacting Royal Bank Of Canada

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

• Positive Sentiment: Q1 results beat expectations — RBC reported EPS of $2.94 vs. the $2.81 consensus and revenue of $13.18B (vs. $12.6B est.), driven by growth in personal banking, wealth management and capital markets; this supports the bank’s earnings outlook and valuation. Zacks: RY beats Q1 earnings
• Positive Sentiment: Net income and revenue momentum — reporting showed ~13% net income growth and broad-based revenue strength across retail and capital markets, echoing peer-beating results for Canadian banks this quarter. Financial Post: RBC tops earnings estimates
• Positive Sentiment: Dividend maintained and investor-friendly payout — RBC declared a quarterly dividend of $1.64 (annualized yield ~3.9%, ex-dividend April 23), which supports yield-seeking investors and long-term total-return expectations.
• Neutral Sentiment: Earnings materials released — the company posted its Q1 earnings presentation and call materials (useful for assessing segment-level trends and management commentary). Seeking Alpha: Q1 presentation
• Neutral Sentiment: RBC’s capital markets research remains active — the bank’s equity research is initiating and updating coverage (e.g., Eli Lilly, AbbVie), which speaks to the franchise’s research reach but has limited direct impact on RY’s near-term stock moves. InsiderMonkey: RBC initiates LLY coverage
• Negative Sentiment: Talent attrition and trading losses in high‑yield desk — reports say at least five high‑yield analysts/traders have left after losses tied to the First Brands Group collapse, raising concerns about risk controls, P&L volatility in the corporate credit franchise and potential reputational/human‑capital costs. Financial Post: High-yield desk attrition

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.