Calydon Capital decreased its holdings in Royal Bank Of Canada (NYSE:RY – Free Report) (TSE:RY) by 48.3% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,140 shares of the financial services provider’s stock after selling 4,810 shares during the period. Calydon Capital’s holdings in Royal Bank Of Canada were worth $757,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Clark Capital Management Group Inc. boosted its stake in Royal Bank Of Canada by 28.4% in the 3rd quarter. Clark Capital Management Group Inc. now owns 455,011 shares of the financial services provider’s stock worth $67,032,000 after purchasing an additional 100,579 shares during the period. Alliancebernstein L.P. grew its holdings in Royal Bank Of Canada by 3.6% during the 3rd quarter. Alliancebernstein L.P. now owns 1,104,668 shares of the financial services provider’s stock valued at $162,740,000 after buying an additional 38,819 shares in the last quarter. Creative Planning raised its position in shares of Royal Bank Of Canada by 7.9% during the third quarter. Creative Planning now owns 266,980 shares of the financial services provider’s stock valued at $39,332,000 after buying an additional 19,587 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in shares of Royal Bank Of Canada by 2,736.5% in the third quarter. Lazard Asset Management LLC now owns 85,095 shares of the financial services provider’s stock worth $12,539,000 after buying an additional 82,095 shares in the last quarter. Finally, Credit Agricole S A bought a new position in shares of Royal Bank Of Canada during the third quarter worth $3,301,000. Hedge funds and other institutional investors own 45.31% of the company’s stock.
Key Headlines Impacting Royal Bank Of Canada
Here are the key news stories impacting Royal Bank Of Canada this week:
- Positive Sentiment: Recent analyst consensus remains constructive — brokerages give RY an average recommendation of “Moderate Buy,” supporting medium‑term demand for the shares. Article Title
- Positive Sentiment: Q4 results (reported Feb. 26) showed an earnings beat and revenue upside (EPS $2.94 vs. $2.81 est.; revenue $13.18B vs. $12.60B), which is supportive of fundamentals and dividend coverage. (Background filing)
- Positive Sentiment: Dividend appeal highlighted in recent coverage — Zacks profiles RY as an attractive dividend stock for income investors, which can underpin demand from yield‑focused holders. Article Title
- Neutral Sentiment: Valuation/attractiveness debate continues — recent analyst pieces and market commentary ask whether RY remains attractive after multi‑year gains, suggesting mixed views that can limit directional conviction. Article Title
- Negative Sentiment: Near‑term price weakness and underperformance reported — MarketWatch notes RY underperformed the market on Thursday, reflecting either profit‑taking after recent gains or sector‑wide headwinds that weighed on the stock. Article Title
- Negative Sentiment: Technical/flow pressure — intraday volume is below average, the stock has slipped below its 50‑day moving average (~$169) (short‑term bearish signal), though it remains near/above the 200‑day (~$158) which limits a deeper technical sell signal. (Background data)
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on Royal Bank Of Canada
Royal Bank Of Canada Stock Performance
Shares of NYSE:RY opened at $161.25 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.09. Royal Bank Of Canada has a 12 month low of $106.10 and a 12 month high of $176.19. The company has a market capitalization of $225.38 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 1.22 and a beta of 0.79. The firm’s 50-day moving average is $168.76 and its 200 day moving average is $157.90.
Royal Bank Of Canada (NYSE:RY – Get Free Report) (TSE:RY) last announced its quarterly earnings data on Thursday, February 26th. The financial services provider reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 15.28% and a return on equity of 17.12%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $3.62 earnings per share. Research analysts predict that Royal Bank Of Canada will post 9.16 EPS for the current year.
Royal Bank Of Canada Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 22nd. Stockholders of record on Thursday, April 23rd will be issued a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Thursday, April 23rd. Royal Bank Of Canada’s dividend payout ratio is presently 45.93%.
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.
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