Royal Bank Of Canada $RY Shares Sold by Cannell & Spears LLC

Key Points

• Cannell & Spears LLC cut its stake in Royal Bank of Canada by 33.3% in Q3, selling 10,668 shares and leaving it with 21,340 shares valued at $3.144 million.
• RBC beat Q4 expectations with EPS $2.94 vs. $2.81 forecast and revenue $13.18B vs. $12.6B, and announced a quarterly dividend of $1.64 (annualized $6.56, ~4.1% yield).
• Analysts remain broadly constructive — consensus rating is “Moderate Buy” with a $162 price target — while shares trade near $161 and institutional investors own roughly 45% of the stock.

Cannell & Spears LLC lowered its stake in shares of Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 33.3% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 21,340 shares of the financial services provider's stock after selling 10,668 shares during the period. Cannell & Spears LLC's holdings in Royal Bank Of Canada were worth $3,144,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Canada Pension Plan Investment Board grew its position in Royal Bank Of Canada by 8.2% in the 2nd quarter. Canada Pension Plan Investment Board now owns 6,867,900 shares of the financial services provider's stock valued at $905,726,000 after acquiring an additional 521,132 shares in the last quarter. Vontobel Holding Ltd. increased its stake in Royal Bank Of Canada by 289.6% during the third quarter. Vontobel Holding Ltd. now owns 358,695 shares of the financial services provider's stock worth $52,856,000 after purchasing an additional 266,636 shares during the period. Ontario Teachers Pension Plan Board acquired a new stake in shares of Royal Bank Of Canada during the second quarter worth about $2,670,000. Osaic Holdings Inc. lifted its position in shares of Royal Bank Of Canada by 104.6% during the second quarter. Osaic Holdings Inc. now owns 75,866 shares of the financial services provider's stock worth $9,136,000 after purchasing an additional 38,794 shares in the last quarter. Finally, Truist Financial Corp boosted its stake in shares of Royal Bank Of Canada by 10.6% in the third quarter. Truist Financial Corp now owns 101,173 shares of the financial services provider's stock valued at $14,905,000 after purchasing an additional 9,677 shares during the period. Institutional investors and hedge funds own 45.31% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on RY shares. UBS Group reaffirmed a "buy" rating on shares of Royal Bank Of Canada in a research note on Tuesday, November 25th. TD Securities raised shares of Royal Bank Of Canada from a "hold" rating to a "buy" rating in a research report on Thursday, December 4th. National Bank Financial restated an "outperform" rating on shares of Royal Bank Of Canada in a research note on Thursday, December 4th. Barclays reaffirmed an "overweight" rating on shares of Royal Bank Of Canada in a research report on Thursday, February 19th. Finally, Jefferies Financial Group lowered Royal Bank Of Canada from a "buy" rating to a "hold" rating in a report on Tuesday, November 25th. Eleven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $162.00.

Royal Bank Of Canada Stock Down 1.1%

Shares of Royal Bank Of Canada stock opened at $161.25 on Monday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.09. Royal Bank Of Canada has a 52-week low of $106.10 and a 52-week high of $176.19. The company has a market capitalization of $225.37 billion, a P/E ratio of 15.43, a P/E/G ratio of 1.22 and a beta of 0.79. The company has a 50 day moving average of $168.76 and a 200 day moving average of $157.99.

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, beating analysts' consensus estimates of $2.81 by $0.13. Royal Bank Of Canada had a net margin of 15.28% and a return on equity of 17.12%. The company had revenue of $13.18 billion for the quarter, compared to the consensus estimate of $12.60 billion. During the same period in the prior year, the firm posted $3.62 EPS. The company's quarterly revenue was up 4.4% compared to the same quarter last year. As a group, research analysts forecast that Royal Bank Of Canada will post 9.16 EPS for the current fiscal year.

Royal Bank Of Canada Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Thursday, April 23rd will be issued a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Thursday, April 23rd. Royal Bank Of Canada's dividend payout ratio is 45.74%.

Royal Bank Of Canada News Roundup

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)

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.

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