Royal Bank Of Canada $RY Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC cut its stake in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 10.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 183,892 shares of the financial services provider’s stock after selling 20,625 shares during the period. Intech Investment Management LLC’s holdings in Royal Bank Of Canada were worth $31,391,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RY. Florida Trust Wealth Management Co lifted its position in shares of Royal Bank Of Canada by 2.8% during the fourth quarter. Florida Trust Wealth Management Co now owns 2,190 shares of the financial services provider’s stock worth $373,000 after purchasing an additional 60 shares in the last quarter. Fiduciary Financial Group LLC lifted its position in shares of Royal Bank Of Canada by 3.4% during the fourth quarter. Fiduciary Financial Group LLC now owns 1,879 shares of the financial services provider’s stock worth $320,000 after purchasing an additional 61 shares in the last quarter. Alta Capital Management LLC lifted its position in shares of Royal Bank Of Canada by 4.0% during the fourth quarter. Alta Capital Management LLC now owns 1,686 shares of the financial services provider’s stock worth $287,000 after purchasing an additional 65 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Royal Bank Of Canada by 1.6% during the third quarter. EverSource Wealth Advisors LLC now owns 4,836 shares of the financial services provider’s stock worth $713,000 after purchasing an additional 74 shares in the last quarter. Finally, Ballentine Partners LLC lifted its position in shares of Royal Bank Of Canada by 1.5% during the third quarter. Ballentine Partners LLC now owns 5,153 shares of the financial services provider’s stock worth $759,000 after purchasing an additional 75 shares in the last quarter. 45.31% of the stock is owned by institutional investors and hedge funds.

Royal Bank Of Canada Price Performance

Shares of NYSE RY opened at $188.99 on Friday. Royal Bank Of Canada has a 1-year low of $124.19 and a 1-year high of $191.51. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.70 and a quick ratio of 0.70. The business’s fifty day moving average price is $174.72 and its two-hundred day moving average price is $168.31. The firm has a market capitalization of $264.16 billion, a PE ratio of 18.09, a P/E/G ratio of 1.48 and a beta of 0.80.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its earnings results on Thursday, February 26th. The financial services provider reported $2.94 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.13. Royal Bank Of Canada had a return on equity of 17.12% and a net margin of 15.28%.The firm had revenue of $13.18 billion for the quarter, compared to analyst estimates of $12.60 billion. During the same period last year, the company earned $3.62 earnings per share. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, research analysts expect that Royal Bank Of Canada will post 11.53 EPS for the current year.

Royal Bank Of Canada Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Monday, July 27th will be given a $1.76 dividend. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $1.64. This represents a $7.04 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, July 27th. Royal Bank Of Canada’s dividend payout ratio is 45.17%.

Trending Headlines about Royal Bank Of Canada

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

• Positive Sentiment: Royal Bank of Canada beat quarterly earnings and revenue estimates, with EPS of $2.84 topping consensus and revenue rising 11.4% year over year, helped by stronger results across most business lines and lower-than-expected loan-loss provisions. Earnings release
• Positive Sentiment: The bank raised its quarterly dividend to $1.76 per share from $1.64, a 7.3% increase, signaling confidence in earnings strength and capital generation. Dividend news
• Positive Sentiment: Management said it is not worried about fintech disruption and highlighted the resilience of the Canadian economy, which supports the outlook for RBC’s core banking franchise. CEO comments on fintech
• Neutral Sentiment: Analysts continue to view Royal Bank of Canada as a “Moderate Buy,” and short interest fell sharply in May, which is a favorable positioning signal but not a direct fundamental catalyst. Analyst and short-interest update
• Negative Sentiment: Some coverage noted that RY had recently underperformed the market on a down day, though that appears secondary to the stronger earnings and dividend news. Recent weakness

Wall Street Analysts Forecast Growth

RY has been the topic of a number of recent research reports. Scotiabank reissued an “outperform” rating on shares of Royal Bank Of Canada in a research report on Monday, May 4th. Weiss Ratings lowered Royal Bank Of Canada from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. Zacks Research lowered Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Barclays reaffirmed an “overweight” rating on shares of Royal Bank Of Canada in a research report on Thursday, February 19th. Finally, Raymond James Financial lowered Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 12th. Ten equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Royal Bank Of Canada has a consensus rating of “Moderate Buy” and a consensus target price of $162.00.

Royal Bank Of Canada Company 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.