10,089 Shares in Royal Bank Of Canada $RY Bought by Old North State Trust LLC

Old North State Trust LLC purchased a new stake in Royal Bank Of Canada (NYSE:RY) (TSE:RY) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,089 shares of the financial services provider’s stock, valued at approximately $2,088,000. Royal Bank Of Canada makes up approximately 1.1% of Old North State Trust LLC’s investment portfolio, making the stock its 21st largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RY. Harvest Fund Management Co. Ltd acquired a new stake in shares of Royal Bank Of Canada in the 4th quarter valued at approximately $25,000. Key Financial Inc increased its holdings in shares of Royal Bank Of Canada by 63.0% during the 1st quarter. Key Financial Inc now owns 163 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 63 shares during the last quarter. Johnson Financial Group Inc. bought a new position in shares of Royal Bank Of Canada in the third quarter valued at about $27,000. BOK Financial Private Wealth Inc. bought a new stake in shares of Royal Bank Of Canada during the 2nd quarter worth about $28,000. Finally, Maseco LLP grew its stake in Royal Bank Of Canada by 355.0% in the 1st quarter. Maseco LLP now owns 182 shares of the financial services provider’s stock valued at $29,000 after buying an additional 142 shares during the last quarter. 45.31% of the stock is owned by institutional investors.

Trending Headlines about Royal Bank Of Canada

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

Royal Bank Of Canada Trading Down 1.2%

Royal Bank Of Canada stock opened at $204.63 on Friday. 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’s fifty day moving average price is $208.98 and its 200-day moving average price is $187.80. The stock has a market cap of $283.74 billion, a P/E ratio of 18.39, a PEG ratio of 1.56 and a beta of 0.80. Royal Bank Of Canada has a fifty-two week low of $143.13 and a fifty-two week high of $218.57.

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 earnings per share for the quarter, beating analysts’ consensus estimates of $2.89 by $0.18. Royal Bank Of Canada had a return on equity of 17.68% and a net margin of 15.92%.The business had revenue of $13.22 billion for the quarter, compared to the consensus estimate of $12.98 billion. Equities research analysts forecast that Royal Bank Of Canada will post 11.59 earnings per share for the current fiscal year.

Royal Bank Of Canada Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Monday, October 26th will be paid a $1.76 dividend. The ex-dividend date is Monday, October 26th. This represents a $7.04 annualized dividend and a dividend yield of 3.4%. Royal Bank Of Canada’s dividend payout ratio is presently 44.56%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods began coverage on Royal Bank Of Canada in a report on Friday, August 21st. They set a “market perform” rating for the company. TD Securities reissued a “buy” rating on shares of Royal Bank Of Canada in a report on Wednesday, August 12th. Argus set a $225.00 price target on Royal Bank Of Canada in a report on Thursday, June 11th. Barclays reaffirmed an “overweight” rating on shares of Royal Bank Of Canada in a research report on Friday, August 21st. Finally, Canadian Imperial Bank of Commerce restated a “neutral” rating on shares of Royal Bank Of Canada in a research report on Wednesday, August 19th. 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’s stock. According to data from MarketBeat.com, Royal Bank Of Canada presently has an average rating of “Moderate Buy” and a consensus price target of $225.00.

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.