Ninepoint Partners LP Grows Stock Position in Royal Bank Of Canada $RY

Ninepoint Partners LP increased its position in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 81.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 47,273 shares of the financial services provider’s stock after purchasing an additional 21,212 shares during the quarter. Royal Bank Of Canada makes up approximately 0.9% of Ninepoint Partners LP’s investment portfolio, making the stock its 15th largest position. Ninepoint Partners LP’s holdings in Royal Bank Of Canada were worth $6,964,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Toth Financial Advisory Corp acquired a new position in Royal Bank Of Canada during the third quarter worth $29,000. True Wealth Design LLC purchased a new position in shares of Royal Bank Of Canada during the 3rd quarter worth $31,000. Atlantic Union Bankshares Corp purchased a new position in shares of Royal Bank Of Canada during the 3rd quarter worth $38,000. CoreCap Advisors LLC boosted its position in shares of Royal Bank Of Canada by 103.8% during the 3rd quarter. CoreCap Advisors LLC now owns 271 shares of the financial services provider’s stock valued at $40,000 after acquiring an additional 138 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Royal Bank Of Canada by 86.5% in the second quarter. Smartleaf Asset Management LLC now owns 388 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 180 shares during the period. Institutional investors and hedge funds own 45.31% of the company’s stock.

Royal Bank Of Canada News Summary

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 Stock Performance

Shares of RY stock opened at $167.26 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81. The firm 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 price is $170.03 and its 200-day moving average price is $155.79. Royal Bank Of Canada has a one year low of $106.10 and a one year high of $176.19.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings results on Thursday, February 26th. The financial services provider reported $2.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. Royal Bank Of Canada had a return on equity of 17.30% and a net margin of 15.28%.The company had revenue of $13.18 billion for the quarter, compared to analyst estimates of $12.60 billion. During the same quarter last year, the company earned $3.62 EPS. Royal Bank Of Canada’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities research analysts predict that Royal Bank Of Canada will post 9.16 EPS for the current year.

Royal Bank Of Canada Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Thursday, April 23rd will be issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Thursday, April 23rd. Royal Bank Of Canada’s dividend payout ratio is currently 45.74%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on RY shares. 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. TD Securities upgraded shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a report on Thursday, December 4th. Raymond James Financial reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a research report on Friday, February 13th. Jefferies Financial Group lowered Royal Bank Of Canada from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Finally, Scotiabank reissued an “outperform” rating on shares of Royal Bank Of Canada in a research note on Friday, January 9th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.00.

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.