108,887 Shares in Royal Bank Of Canada $RY Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 108,887 shares of the financial services provider’s stock, valued at approximately $22,536,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its holdings in Royal Bank Of Canada by 18.5% in the 4th quarter. HighTower Advisors LLC now owns 96,234 shares of the financial services provider’s stock valued at $16,407,000 after acquiring an additional 15,046 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Royal Bank Of Canada during the second quarter valued at approximately $2,296,717,000. Fisher Asset Management LLC lifted its position in Royal Bank Of Canada by 6.1% in the fourth quarter. Fisher Asset Management LLC now owns 6,373,400 shares of the financial services provider’s stock worth $1,086,601,000 after buying an additional 368,534 shares during the last quarter. Rathbones Group PLC lifted its holdings in shares of Royal Bank Of Canada by 9.0% in the 4th quarter. Rathbones Group PLC now owns 325,014 shares of the financial services provider’s stock worth $55,480,000 after acquiring an additional 26,782 shares during the last quarter. Finally, Indivisible Partners purchased a new position in shares of Royal Bank Of Canada during the fourth quarter valued at approximately $7,335,000. Institutional investors own 45.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on RY. Scotiabank restated an “outperform” rating on shares of Royal Bank Of Canada in a report on Monday, June 1st. Keefe, Bruyette & Woods began coverage on Royal Bank Of Canada in a research note on Friday, August 21st. They set a “market perform” rating for the company. Argus set a $225.00 target price on shares of Royal Bank Of Canada in a research note on Thursday, June 11th. Weiss Ratings upgraded shares of Royal Bank Of Canada from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, July 29th. Finally, TD Securities reaffirmed a “buy” rating on shares of Royal Bank Of Canada in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $225.00.

Royal Bank Of Canada Stock Performance

NYSE RY opened at $204.63 on Friday. The stock’s fifty day moving average is $208.98 and its two-hundred day moving average is $187.80. Royal Bank Of Canada has a fifty-two week low of $143.13 and a fifty-two week high of $218.57. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 0.82. The firm has a market capitalization of $283.74 billion, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 1.56 and a beta of 0.80.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings results on Thursday, August 27th. The financial services provider reported $3.07 EPS for the quarter, beating the consensus estimate of $2.89 by $0.18. The firm had revenue of $13.22 billion for the quarter, compared to analyst estimates of $12.98 billion. Royal Bank Of Canada had a net margin of 15.92% and a return on equity of 17.68%. On average, research analysts anticipate that Royal Bank Of Canada will post 11.59 earnings per share for the current year.

Royal Bank Of Canada Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Monday, October 26th will be issued a dividend of $1.76 per share. This represents a $7.04 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date is Monday, October 26th. Royal Bank Of Canada’s dividend payout ratio (DPR) is 44.56%.

Royal Bank Of Canada News Roundup

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

• Positive Sentiment: Royal Bank reported quarterly earnings of $3.07 per share, exceeding the consensus estimate of $2.89 and rising from $2.79 a year earlier. Net margin was 15.92%, while return on equity reached 17.68%. Royal Bank Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Reported third-quarter net income rose to approximately C$6.02 billion, or C$4.23 per share, from C$5.41 billion, or C$3.75 per share, a year earlier—an all-time record. Royal Bank of Canada Notches Record Income
• Positive Sentiment: Management credited strength in capital markets and commercial banking for helping drive the results, with RBC described as exceeding expectations and “raising the bar.” RBC Tops Expectations on Strength in Capital Markets and Commercial Banking
• Positive Sentiment: RBC declared a quarterly dividend of C$1.76 per share, equivalent to an annualized yield of roughly 3.4% based on the current share price. Investors of record on October 26 are scheduled to receive payment on November 24.
• Neutral Sentiment: The strong results were part of a broader trend among Canada’s major banks, with RBC, TD and CIBC all surpassing profit estimates. This validates sector strength but may also temper the impact of RBC’s results as investors compare performance across peers. Canada’s RBC, TD and CIBC Top Bank Profit Estimates

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.