Royal Bank Of Canada $RY Shares Sold by QV Investors Inc.

QV Investors Inc. lowered its holdings in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 20.8% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 326,549 shares of the financial services provider’s stock after selling 85,821 shares during the period. Royal Bank Of Canada accounts for approximately 5.2% of QV Investors Inc.’s holdings, making the stock its 3rd largest position. QV Investors Inc.’s holdings in Royal Bank Of Canada were worth $67,596,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Royal Bank Of Canada by 33.1% in the fourth quarter. Brighton Jones LLC now owns 2,313 shares of the financial services provider’s stock valued at $279,000 after buying an additional 575 shares during the last quarter. AQR Capital Management LLC lifted its holdings in Royal Bank Of Canada by 60.9% during the 1st quarter. AQR Capital Management LLC now owns 11,779 shares of the financial services provider’s stock valued at $1,321,000 after purchasing an additional 4,460 shares during the last quarter. Sivia Capital Partners LLC boosted its position in Royal Bank Of Canada by 57.7% during the second quarter. Sivia Capital Partners LLC now owns 5,284 shares of the financial services provider’s stock worth $695,000 after purchasing an additional 1,934 shares during the period. Baird Financial Group Inc. increased its holdings in shares of Royal Bank Of Canada by 39.1% in the second quarter. Baird Financial Group Inc. now owns 13,555 shares of the financial services provider’s stock valued at $1,783,000 after purchasing an additional 3,811 shares during the last quarter. Finally, Cerity Partners LLC raised its position in shares of Royal Bank Of Canada by 9.0% in the second quarter. Cerity Partners LLC now owns 47,721 shares of the financial services provider’s stock valued at $6,279,000 after purchasing an additional 3,928 shares during the period. Institutional investors own 45.31% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on RY. Argus set a $225.00 target price on shares of Royal Bank Of Canada in a report on Thursday, June 11th. Raymond James Financial downgraded shares of Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 12th. Barclays restated an “overweight” rating on shares of Royal Bank Of Canada in a report on Friday, August 21st. Weiss Ratings raised Royal Bank Of Canada from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Wednesday, July 29th. Finally, Keefe, Bruyette & Woods started coverage on Royal Bank Of Canada in a research note on Friday, August 21st. They set a “market perform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $225.00.

Royal Bank Of Canada Trading Up 0.1%

RY stock opened at $204.49 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.81 and a current ratio of 0.81. The company’s 50-day simple moving average is $209.04 and its 200 day simple moving average is $188.01. Royal Bank Of Canada has a 52 week low of $143.13 and a 52 week high of $218.57. The company has a market capitalization of $283.55 billion, a PE ratio of 17.89, a price-to-earnings-growth ratio of 1.51 and a beta of 0.80.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its quarterly earnings data on Thursday, August 27th. The financial services provider reported $3.07 earnings per share for the quarter, topping the consensus estimate of $2.89 by $0.18. The business had revenue of $13.22 billion during the quarter, compared to analysts’ expectations of $12.98 billion. Royal Bank Of Canada had a net margin of 16.17% and a return on equity of 17.79%. As a group, sell-side analysts anticipate that Royal Bank Of Canada will post 11.75 earnings per share for the current year.

Royal Bank Of Canada Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 24th. Stockholders of record on Monday, October 26th will be issued a dividend of $1.76 per share. The ex-dividend date of this dividend 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 (DPR) is currently 43.39%.

More Royal Bank Of Canada News

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

• Positive Sentiment: Record quarterly results beat expectations. RBC reported third-quarter net income of C$6.02 billion, or C$4.23 per share, up from C$5.41 billion and C$3.75 per share a year earlier. On the U.S. reporting measure cited by analysts, earnings were $3.07 per share versus the $2.89 consensus, while revenue of $13.22 billion exceeded the $12.98 billion estimate. Royal Bank of Canada Notches Record Income
• Positive Sentiment: Capital markets and commercial banking led the performance. Management said RBC continues to raise the bar, and coverage highlighted strength in these businesses as key drivers of the earnings beat. The results also exceeded expectations alongside strong reports from several Canadian peers, reinforcing confidence in the domestic banking sector. RBC tops expectations on strength in capital markets, commercial banking
• Positive Sentiment: The dividend remains a source of shareholder support. RBC declared a quarterly dividend of C$1.76 per share, equivalent to an indicated yield of approximately 3.4% based on the cited market data. Royal Bank of Canada dividend announcement
• Neutral Sentiment: Analyst commentary is constructive but valuation is a consideration. Post-earnings coverage views the results as supportive of the investment case, but RBC trades at a relatively full valuation, with a P/E ratio near 18 and shares close to their 52-week high. That may limit the immediate reaction unless earnings growth continues. Is Royal Bank a Good Stock to Buy After Its Q3 Earnings?
• Neutral Sentiment: Oil-market uncertainty is a broader macro risk. RBC Capital Markets strategists see additional hurdles for oil prices despite increased Gulf supply. This is not a direct RBC corporate development, but prolonged energy-market volatility could affect Canadian economic conditions, capital-markets activity and credit demand. Wall Street divisions over oil prices
• Negative Sentiment: A wrongful-dismissal ruling creates a reputational and legal overhang. Commentary says RBC paid a high price in a case involving a former financial adviser, potentially drawing attention to its employment-investigation practices. The item does not indicate a material earnings impact, but it could weigh modestly on sentiment. RBC pays high price for wrongful dismissal of financial adviser

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.