Mangrove Partners IM LLC Makes New $899,000 Investment in Royal Bank Of Canada $RY

Mangrove Partners IM LLC acquired a new stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,100 shares of the financial services provider’s stock, valued at approximately $899,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in RY. Johnson Financial Group Inc. bought a new position in Royal Bank Of Canada in the 3rd quarter worth $27,000. Toth Financial Advisory Corp purchased a new stake in shares of Royal Bank Of Canada in the 3rd quarter worth about $29,000. True Wealth Design LLC purchased a new position in shares of Royal Bank Of Canada during the third quarter valued at about $31,000. Atlantic Union Bankshares Corp bought a new position in Royal Bank Of Canada in the third quarter worth about $38,000. Finally, CoreCap Advisors LLC lifted its holdings in Royal Bank Of Canada by 103.8% in the third quarter. CoreCap Advisors LLC now owns 271 shares of the financial services provider’s stock worth $40,000 after buying an additional 138 shares during the period. Institutional investors own 45.31% of the company’s stock.

Wall Street Analysts Forecast Growth

RY has been the topic of several research reports. Jefferies Financial Group cut Royal Bank Of Canada from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. BMO Capital Markets reissued an “outperform” rating on shares of Royal Bank Of Canada in a research report on Wednesday, December 17th. Zacks Research cut Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. Scotiabank restated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Friday, January 9th. Finally, Barclays reaffirmed an “overweight” rating on shares of Royal Bank Of Canada in a research note on Thursday, February 19th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $162.00.

Royal Bank Of Canada Price Performance

RY opened at $161.25 on Friday. The stock has a 50-day moving average price of $168.76 and a 200-day moving average price of $157.76. 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 firm has a market cap of $225.37 billion, a PE ratio of 15.43, a P/E/G ratio of 1.23 and a beta of 0.79. Royal Bank Of Canada has a 1 year low of $106.10 and a 1 year high of $176.19.

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 EPS for the quarter, beating the consensus estimate of $2.81 by $0.13. The company had revenue of $13.18 billion for the quarter, compared to the consensus estimate of $12.60 billion. Royal Bank Of Canada had a net margin of 15.28% and a return on equity of 17.12%. Royal Bank Of Canada’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the firm posted $3.62 EPS. Sell-side analysts predict that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal year.

Royal Bank Of Canada Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Thursday, April 23rd will be paid a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Thursday, April 23rd. Royal Bank Of Canada’s dividend payout ratio is currently 45.74%.

Royal Bank Of Canada News Summary

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.