Intech Investment Management LLC Trims Stock Holdings in Royal Bank Of Canada $RY

Key Points

• Intech Investment Management reduced its Royal Bank of Canada stake by 10.1% in the fourth quarter, selling 20,625 shares and leaving it with 183,892 shares worth about $31.4 million.
• Analysts remain generally constructive on RBC, with a consensus rating of Moderate Buy and an average price target of $162, even though several firms recently trimmed their ratings.
• Royal Bank of Canada reported solid results and raised its dividend: quarterly EPS and revenue beat estimates, and the bank lifted its dividend to $1.76 per share, up from $1.64, for a 3.7% annualized yield.

Intech Investment Management LLC lowered its position in Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 10.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 183,892 shares of the financial services provider's stock after selling 20,625 shares during the quarter. Intech Investment Management LLC's holdings in Royal Bank Of Canada were worth $31,391,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of RY. Brighton Jones LLC raised its stake in shares of Royal Bank Of Canada by 33.1% during the fourth quarter. Brighton Jones LLC now owns 2,313 shares of the financial services provider's stock worth $279,000 after purchasing an additional 575 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of Royal Bank Of Canada by 60.9% in the 1st quarter. AQR Capital Management LLC now owns 11,779 shares of the financial services provider's stock worth $1,321,000 after acquiring an additional 4,460 shares during the period. Sivia Capital Partners LLC lifted its stake in shares of Royal Bank Of Canada by 57.7% in the 2nd quarter. Sivia Capital Partners LLC now owns 5,284 shares of the financial services provider's stock worth $695,000 after acquiring an additional 1,934 shares during the period. Baird Financial Group Inc. lifted its stake in shares of Royal Bank Of Canada by 39.1% in the 2nd quarter. Baird Financial Group Inc. now owns 13,555 shares of the financial services provider's stock worth $1,783,000 after acquiring an additional 3,811 shares during the period. Finally, Cerity Partners LLC lifted its stake in shares of Royal Bank Of Canada by 9.0% in the 2nd quarter. Cerity Partners LLC now owns 47,721 shares of the financial services provider's stock worth $6,279,000 after acquiring an additional 3,928 shares during the period. Hedge funds and other institutional investors own 45.31% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on RY. Zacks Research cut Royal Bank Of Canada from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, February 3rd. Weiss Ratings cut Royal Bank Of Canada from a "buy (b+)" rating to a "buy (b)" rating in a research report on Monday, May 18th. Raymond James Financial cut Royal Bank Of Canada from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 12th. Scotiabank reiterated an "outperform" rating on shares of Royal Bank Of Canada in a research report on Monday, May 4th. Finally, Barclays reiterated an "overweight" rating on shares of Royal Bank Of Canada in a research report on Thursday, February 19th. Ten equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $162.00.

Royal Bank Of Canada Trading Down 0.1%

Royal Bank Of Canada stock opened at $188.99 on Friday. The stock has a market cap of $264.16 billion, a PE ratio of 18.09, a P/E/G ratio of 1.48 and a beta of 0.80. The stock has a 50-day moving average price of $174.72 and a 200 day moving average price of $168.31. Royal Bank Of Canada has a 52 week low of $124.19 and a 52 week high of $191.51. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 0.09.

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last issued its quarterly earnings results on Thursday, February 26th. The financial services provider reported $2.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 EPS. The firm's quarterly revenue was up 4.4% on a year-over-year basis. Equities research analysts predict that Royal Bank Of Canada will post 11.53 earnings per share for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, July 27th will be issued a $1.76 dividend. The ex-dividend date is Monday, July 27th. This is a positive change from Royal Bank Of Canada's previous quarterly dividend of $1.64. This represents a $7.04 dividend on an annualized basis and a yield of 3.7%. Royal Bank Of Canada's payout ratio is presently 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

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.

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