Royal Bank Of Canada $RY Shares Acquired by Harvest Portfolios Group Inc.

Harvest Portfolios Group Inc. boosted its position in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 238.4% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 101,067 shares of the financial services provider’s stock after purchasing an additional 71,198 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in Royal Bank Of Canada were worth $14,896,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in RY. Norges Bank purchased a new stake in shares of Royal Bank Of Canada in the 2nd quarter worth about $2,599,262,000. Fisher Asset Management LLC raised its position in Royal Bank Of Canada by 1,218.0% during the second quarter. Fisher Asset Management LLC now owns 5,723,581 shares of the financial services provider’s stock worth $752,937,000 after acquiring an additional 5,289,330 shares during the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of Royal Bank Of Canada in the second quarter valued at about $329,983,000. Vanguard Group Inc. grew its position in shares of Royal Bank Of Canada by 3.9% in the second quarter. Vanguard Group Inc. now owns 65,008,684 shares of the financial services provider’s stock valued at $8,567,752,000 after purchasing an additional 2,437,164 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Royal Bank Of Canada by 20.2% during the 2nd quarter. Geode Capital Management LLC now owns 11,374,800 shares of the financial services provider’s stock worth $1,517,123,000 after purchasing an additional 1,910,492 shares in the last quarter. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Barclays restated an “overweight” rating on shares of Royal Bank Of Canada in a research report on Thursday, February 19th. BMO Capital Markets restated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Wednesday, December 17th. Weiss Ratings restated a “buy (b)” rating on shares of Royal Bank Of Canada in a report on Thursday, January 22nd. Jefferies Financial Group downgraded shares of Royal Bank Of Canada from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. Finally, TD Cowen raised shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research note on Thursday, December 4th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $162.00.

Royal Bank Of Canada Stock Performance

NYSE:RY opened at $167.26 on Friday. The company has a market cap of $233.78 billion, a P/E ratio of 16.01, a P/E/G ratio of 1.26 and a beta of 0.79. The firm’s 50 day moving average is $170.03 and its two-hundred day moving average is $155.79. Royal Bank Of Canada has a fifty-two week low of $106.10 and a fifty-two week high of $176.19. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.11.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings data on Thursday, February 26th. The financial services provider reported $2.94 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. The business had revenue of $13.18 billion during the quarter, compared to the consensus estimate of $12.60 billion. Royal Bank Of Canada had a return on equity of 17.30% and a net margin of 15.28%.The business’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. Analysts expect that Royal Bank Of Canada will post 9.16 EPS for the current year.

Royal Bank Of Canada Dividend Announcement

The company also recently disclosed 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 3.9%. The ex-dividend date of this dividend is Thursday, April 23rd. Royal Bank Of Canada’s payout ratio is currently 45.74%.

Key Headlines Impacting Royal Bank Of Canada

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

• Positive Sentiment: Q1 results beat expectations — RBC reported EPS of $2.94 vs. the $2.81 consensus and revenue of $13.18B (vs. $12.6B est.), driven by growth in personal banking, wealth management and capital markets; this supports the bank’s earnings outlook and valuation. Zacks: RY beats Q1 earnings
• Positive Sentiment: Net income and revenue momentum — reporting showed ~13% net income growth and broad-based revenue strength across retail and capital markets, echoing peer-beating results for Canadian banks this quarter. Financial Post: RBC tops earnings estimates
• Positive Sentiment: Dividend maintained and investor-friendly payout — RBC declared a quarterly dividend of $1.64 (annualized yield ~3.9%, ex-dividend April 23), which supports yield-seeking investors and long-term total-return expectations.
• Neutral Sentiment: Earnings materials released — the company posted its Q1 earnings presentation and call materials (useful for assessing segment-level trends and management commentary). Seeking Alpha: Q1 presentation
• Neutral Sentiment: RBC’s capital markets research remains active — the bank’s equity research is initiating and updating coverage (e.g., Eli Lilly, AbbVie), which speaks to the franchise’s research reach but has limited direct impact on RY’s near-term stock moves. InsiderMonkey: RBC initiates LLY coverage
• Negative Sentiment: Talent attrition and trading losses in high‑yield desk — reports say at least five high‑yield analysts/traders have left after losses tied to the First Brands Group collapse, raising concerns about risk controls, P&L volatility in the corporate credit franchise and potential reputational/human‑capital costs. Financial Post: High-yield desk attrition

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.