Public Employees Retirement System of Ohio Buys New Stake in Royal Bank Of Canada $RY

Public Employees Retirement System of Ohio purchased a new position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 302,664 shares of the financial services provider’s stock, valued at approximately $62,649,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Royal Bank Of Canada during the 4th quarter worth approximately $3,472,382,000. Bank of Nova Scotia acquired a new position in Royal Bank Of Canada during the second quarter worth $2,549,157,000. The Manufacturers Life Insurance Company bought a new position in shares of Royal Bank Of Canada during the second quarter valued at $2,296,717,000. Canada Pension Plan Investment Board acquired a new stake in shares of Royal Bank Of Canada in the 2nd quarter valued at $2,275,797,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Royal Bank Of Canada in the 2nd quarter worth about $2,260,820,000. 45.31% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on RY. Keefe, Bruyette & Woods began coverage on shares of Royal Bank Of Canada in a report on Friday, August 21st. They set a “market perform” rating for the company. Raymond James Financial cut shares of Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 12th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Royal Bank Of Canada in a report on Wednesday, August 19th. Argus set a $225.00 price target on Royal Bank Of Canada in a research report on Thursday, June 11th. Finally, Weiss Ratings raised Royal Bank Of Canada from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, July 29th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, Royal Bank Of Canada currently has an average rating of “Moderate Buy” and an average price target of $225.00.

Royal Bank Of Canada Stock Down 1.2%

NYSE RY opened at $204.63 on Friday. The stock has a fifty day moving average of $208.98 and a 200-day moving average of $187.80. The stock has a market capitalization of $283.74 billion, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 1.56 and a beta of 0.80. Royal Bank Of Canada has a 52 week low of $143.13 and a 52 week high of $218.57. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.82 and a current ratio of 0.82.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its earnings results on Thursday, August 27th. The financial services provider reported $3.07 earnings per share for the quarter, topping analysts’ consensus estimates of $2.89 by $0.18. Royal Bank Of Canada had a return on equity of 17.68% and a net margin of 15.92%.The company had revenue of $13.22 billion during the quarter, compared to the consensus estimate of $12.98 billion. On average, equities research analysts forecast that Royal Bank Of Canada will post 11.59 EPS for the current year.

Royal Bank Of Canada Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Monday, October 26th will be issued a dividend of $1.76 per share. This represents a $7.04 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Monday, October 26th. Royal Bank Of Canada’s payout ratio is currently 44.56%.

Royal Bank Of Canada News Summary

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

• Positive Sentiment: Royal Bank reported quarterly earnings of $3.07 per share, exceeding the consensus estimate of $2.89 and rising from $2.79 a year earlier. Net margin was 15.92%, while return on equity reached 17.68%. Royal Bank Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Reported third-quarter net income rose to approximately C$6.02 billion, or C$4.23 per share, from C$5.41 billion, or C$3.75 per share, a year earlier—an all-time record. Royal Bank of Canada Notches Record Income
• Positive Sentiment: Management credited strength in capital markets and commercial banking for helping drive the results, with RBC described as exceeding expectations and “raising the bar.” RBC Tops Expectations on Strength in Capital Markets and Commercial Banking
• Positive Sentiment: RBC declared a quarterly dividend of C$1.76 per share, equivalent to an annualized yield of roughly 3.4% based on the current share price. Investors of record on October 26 are scheduled to receive payment on November 24.
• Neutral Sentiment: The strong results were part of a broader trend among Canada’s major banks, with RBC, TD and CIBC all surpassing profit estimates. This validates sector strength but may also temper the impact of RBC’s results as investors compare performance across peers. Canada’s RBC, TD and CIBC Top Bank Profit Estimates

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.