JTC Employer Solutions Trustee Ltd Purchases 7,934 Shares of Royal Bank Of Canada $RY

JTC Employer Solutions Trustee Ltd boosted its position in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 511.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 9,484 shares of the financial services provider’s stock after buying an additional 7,934 shares during the quarter. JTC Employer Solutions Trustee Ltd’s holdings in Royal Bank Of Canada were worth $1,624,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RY. Canerector Inc. raised its position in Royal Bank Of Canada by 20,412.0% during the third quarter. Canerector Inc. now owns 13,332,800 shares of the financial services provider’s stock worth $1,964,188,000 after acquiring an additional 13,267,800 shares in the last quarter. Quadrature Capital Ltd raised its position in Royal Bank Of Canada by 603.1% during the third quarter. Quadrature Capital Ltd now owns 1,746,400 shares of the financial services provider’s stock worth $257,183,000 after acquiring an additional 1,498,000 shares in the last quarter. Vanguard Group Inc. raised its position in Royal Bank Of Canada by 2.0% during the third quarter. Vanguard Group Inc. now owns 66,338,321 shares of the financial services provider’s stock worth $9,777,472,000 after acquiring an additional 1,329,637 shares in the last quarter. Geode Capital Management LLC raised its position in Royal Bank Of Canada by 6.9% during the fourth quarter. Geode Capital Management LLC now owns 13,741,480 shares of the financial services provider’s stock worth $2,389,773,000 after acquiring an additional 882,253 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in Royal Bank Of Canada by 11.3% during the third quarter. JPMorgan Chase & Co. now owns 7,296,221 shares of the financial services provider’s stock worth $1,074,879,000 after acquiring an additional 740,276 shares in the last quarter. 45.31% of the stock is owned by institutional investors.

Royal Bank Of Canada Price Performance

NYSE:RY opened at $188.99 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.70 and a quick ratio of 0.70. The firm’s fifty day moving average price is $174.72 and its two-hundred day moving average price is $168.31. Royal Bank Of Canada has a one year low of $124.19 and a one year high of $191.51. The company has a market cap of $264.16 billion, a P/E ratio of 18.09, a P/E/G ratio of 1.48 and a beta of 0.80.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings results 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. Royal Bank Of Canada had a net margin of 15.28% and a return on equity of 17.12%. The business had revenue of $13.18 billion for the quarter, compared to the consensus estimate of $12.60 billion. During the same period in the prior year, the company posted $3.62 earnings per share. Royal Bank Of Canada’s revenue was up 4.4% compared to the same quarter last year. Equities analysts expect that Royal Bank Of Canada will post 11.53 earnings per share for the current year.

Royal Bank Of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, July 27th will be paid a $1.76 dividend. This represents a $7.04 annualized dividend and a dividend yield of 3.7%. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $1.64. The ex-dividend date is Monday, July 27th. Royal Bank Of Canada’s dividend payout ratio is currently 45.17%.

Trending Headlines about Royal Bank Of Canada

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

• Positive Sentiment: Royal Bank of Canada beat quarterly earnings and revenue estimates, with EPS of $2.84 topping consensus and revenue rising 11.4% year over year, helped by stronger results across most business lines and lower-than-expected loan-loss provisions. Earnings release
• Positive Sentiment: The bank raised its quarterly dividend to $1.76 per share from $1.64, a 7.3% increase, signaling confidence in earnings strength and capital generation. Dividend news
• Positive Sentiment: Management said it is not worried about fintech disruption and highlighted the resilience of the Canadian economy, which supports the outlook for RBC’s core banking franchise. CEO comments on fintech
• Neutral Sentiment: Analysts continue to view Royal Bank of Canada as a “Moderate Buy,” and short interest fell sharply in May, which is a favorable positioning signal but not a direct fundamental catalyst. Analyst and short-interest update
• Negative Sentiment: Some coverage noted that RY had recently underperformed the market on a down day, though that appears secondary to the stronger earnings and dividend news. Recent weakness

Analyst Ratings Changes

Several analysts have issued reports on RY shares. Scotiabank reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research report on Monday, May 4th. Weiss Ratings downgraded shares of Royal Bank Of Canada from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. Zacks Research downgraded shares of Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Raymond James Financial downgraded shares of Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 12th. Finally, Barclays reiterated an “overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, February 19th. Ten investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Royal Bank Of Canada presently has a consensus rating of “Moderate Buy” and an average target price of $162.00.

About Royal Bank Of Canada

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.