Royal Bank Of Canada $RY Shares Sold by Royal London Asset Management Ltd.

Key Points

• Royal London Asset Management reduced its RBC position by 3.4%, selling 6,035 shares and retaining 170,799 shares valued at approximately $35.35 million. Institutional investors collectively own 45.31% of the company.
• RBC exceeded quarterly expectations, reporting $3.07 in EPS versus the $2.89 consensus and $13.22 billion in revenue versus $12.98 billion expected.
• The bank declared a quarterly dividend of $1.76 per share, representing an annualized payout of $7.04 and a 3.4% yield. Analysts maintain a “Moderate Buy” consensus with a $225 target price, though shares trade near their 52-week high.

Royal London Asset Management Ltd. trimmed its position in Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 3.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 170,799 shares of the financial services provider's stock after selling 6,035 shares during the quarter. Royal London Asset Management Ltd.'s holdings in Royal Bank Of Canada were worth $35,350,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Harvest Fund Management Co. Ltd acquired a new position in Royal Bank Of Canada in the 4th quarter worth approximately $25,000. Key Financial Inc lifted its stake in Royal Bank Of Canada by 63.0% during the 1st quarter. Key Financial Inc now owns 163 shares of the financial services provider's stock valued at $26,000 after acquiring an additional 63 shares during the period. Johnson Financial Group Inc. acquired a new stake in Royal Bank Of Canada during the 3rd quarter valued at approximately $27,000. BOK Financial Private Wealth Inc. purchased a new stake in shares of Royal Bank Of Canada in the 2nd quarter valued at $28,000. Finally, Maseco LLP boosted its holdings in shares of Royal Bank Of Canada by 355.0% in the 1st quarter. Maseco LLP now owns 182 shares of the financial services provider's stock valued at $29,000 after acquiring an additional 142 shares during the last quarter. Institutional investors and hedge funds own 45.31% of the company's stock.

Royal Bank Of Canada Price Performance

NYSE:RY opened at $204.49 on Friday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.82 and a quick ratio of 0.82. The company has a 50 day moving average price of $209.04 and a 200-day moving average price of $187.92. Royal Bank Of Canada has a 1-year low of $143.13 and a 1-year high of $218.57. The firm has a market cap of $283.55 billion, a price-to-earnings ratio of 17.89, a price-to-earnings-growth ratio of 1.53 and a beta of 0.80.

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last announced its quarterly earnings results on Thursday, August 27th. The financial services provider reported $3.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.89 by $0.18. The firm had revenue of $13.22 billion for the quarter, compared to the consensus estimate of $12.98 billion. Royal Bank Of Canada had a net margin of 16.17% and a return on equity of 17.94%. Equities research analysts forecast that Royal Bank Of Canada will post 11.75 EPS for the current year.

Royal Bank Of Canada Dividend Announcement

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 given a $1.76 dividend. The ex-dividend date is Monday, October 26th. This represents a $7.04 dividend on an annualized basis and a dividend yield of 3.4%. Royal Bank Of Canada's dividend payout ratio is 44.56%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on RY. Canadian Imperial Bank of Commerce reissued a "neutral" rating on shares of Royal Bank Of Canada in a report on Wednesday, August 19th. Barclays reaffirmed an "overweight" rating on shares of Royal Bank Of Canada in a report on Friday, August 21st. Raymond James Financial downgraded Royal Bank Of Canada from an "outperform" rating to a "market perform" rating in a research report on Tuesday, May 12th. Weiss Ratings upgraded Royal Bank Of Canada from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Wednesday, July 29th. Finally, Keefe, Bruyette & Woods initiated coverage on Royal Bank Of Canada in a report on Friday, August 21st. They issued a "market perform" rating for the company. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat, Royal Bank Of Canada currently has an average rating of "Moderate Buy" and a consensus target price of $225.00.

Royal Bank Of Canada News Roundup

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

• Positive Sentiment: Record quarterly results beat expectations. RBC reported third-quarter net income of C$6.02 billion, or C$4.23 per share, up from C$5.41 billion and C$3.75 per share a year earlier. On the U.S. reporting measure cited by analysts, earnings were $3.07 per share versus the $2.89 consensus, while revenue of $13.22 billion exceeded the $12.98 billion estimate. Royal Bank of Canada Notches Record Income
• Positive Sentiment: Capital markets and commercial banking led the performance. Management said RBC continues to raise the bar, and coverage highlighted strength in these businesses as key drivers of the earnings beat. The results also exceeded expectations alongside strong reports from several Canadian peers, reinforcing confidence in the domestic banking sector. RBC tops expectations on strength in capital markets, commercial banking
• Positive Sentiment: The dividend remains a source of shareholder support. RBC declared a quarterly dividend of C$1.76 per share, equivalent to an indicated yield of approximately 3.4% based on the cited market data. Royal Bank of Canada dividend announcement
• Neutral Sentiment: Analyst commentary is constructive but valuation is a consideration. Post-earnings coverage views the results as supportive of the investment case, but RBC trades at a relatively full valuation, with a P/E ratio near 18 and shares close to their 52-week high. That may limit the immediate reaction unless earnings growth continues. Is Royal Bank a Good Stock to Buy After Its Q3 Earnings?
• Neutral Sentiment: Oil-market uncertainty is a broader macro risk. RBC Capital Markets strategists see additional hurdles for oil prices despite increased Gulf supply. This is not a direct RBC corporate development, but prolonged energy-market volatility could affect Canadian economic conditions, capital-markets activity and credit demand. Wall Street divisions over oil prices
• Negative Sentiment: A wrongful-dismissal ruling creates a reputational and legal overhang. Commentary says RBC paid a high price in a case involving a former financial adviser, potentially drawing attention to its employment-investigation practices. The item does not indicate a material earnings impact, but it could weigh modestly on sentiment. RBC pays high price for wrongful dismissal of financial adviser

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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