JTC Employer Solutions Trustee Ltd Has $1.62 Million Position in Royal Bank Of Canada $RY

Key Points

• JTC Employer Solutions Trustee Ltd increased its stake in Royal Bank of Canada by 511.9% in the fourth quarter, ending with 9,484 shares valued at about $1.62 million.
• Royal Bank of Canada reported strong quarterly results, beating both earnings and revenue estimates with EPS of $2.94 and revenue of $13.18 billion, supported by broad business strength and lower-than-expected loan-loss provisions.
• The bank also raised its quarterly dividend to $1.76 per share from $1.64, a 7.3% increase that lifts the annualized payout to $7.04 per share and signals confidence in future cash generation.

JTC Employer Solutions Trustee Ltd boosted its position in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 511.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,484 shares of the financial services provider's stock after purchasing an additional 7,934 shares during the quarter. JTC Employer Solutions Trustee Ltd's holdings in Royal Bank Of Canada were worth $1,624,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Royal Bank Of Canada by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 67,628,463 shares of the financial services provider's stock valued at $11,529,165,000 after purchasing an additional 1,290,142 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Royal Bank Of Canada by 6.9% in the fourth quarter. Geode Capital Management LLC now owns 13,741,480 shares of the financial services provider's stock valued at $2,389,773,000 after buying an additional 882,253 shares during the period. Canerector Inc. boosted its holdings in shares of Royal Bank Of Canada by 20,412.0% in the third quarter. Canerector Inc. now owns 13,332,800 shares of the financial services provider's stock valued at $1,964,188,000 after buying an additional 13,267,800 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Royal Bank Of Canada by 3.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,147,980 shares of the financial services provider's stock valued at $1,642,712,000 after buying an additional 338,575 shares during the period. Finally, Legal & General Group Plc boosted its holdings in shares of Royal Bank Of Canada by 6.0% in the fourth quarter. Legal & General Group Plc now owns 8,773,645 shares of the financial services provider's stock valued at $1,497,675,000 after buying an additional 498,511 shares during the period. Institutional investors and hedge funds own 45.31% of the company's stock.

Royal Bank Of Canada News Roundup

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 Stock Performance

Shares of RY stock opened at $188.99 on Friday. The company's fifty day simple moving average is $174.72 and its 200-day simple moving average is $168.31. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.09. The firm 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. Royal Bank Of Canada has a 12 month low of $124.19 and a 12 month high of $191.51.

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 EPS for the quarter, topping analysts' consensus estimates of $2.81 by $0.13. The business had revenue of $13.18 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.62 earnings per share. Equities research analysts expect that Royal Bank Of Canada will post 11.53 EPS for the current fiscal year.

Royal Bank Of Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 24th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, July 27th. Royal Bank Of Canada's payout ratio is presently 45.17%.

Wall Street Analyst Weigh In

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

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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