Royal Bank Of Canada $RY Stock Holdings Lifted by Addenda Capital Inc.

Addenda Capital Inc. grew its holdings in Royal Bank Of Canada (NYSE:RY - Free Report) TSE: RY by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 750,840 shares of the financial services provider's stock after purchasing an additional 5,080 shares during the quarter. Royal Bank Of Canada makes up 5.3% of Addenda Capital Inc.'s portfolio, making the stock its 2nd biggest position. Addenda Capital Inc. owned 0.05% of Royal Bank Of Canada worth $155,401,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Susquehanna Fundamental Investments LLC boosted its position in Royal Bank Of Canada by 20.7% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 158,300 shares of the financial services provider's stock valued at $32,763,000 after acquiring an additional 27,200 shares in the last quarter. Benjamin Edwards Inc. increased its holdings in shares of Royal Bank Of Canada by 12.1% in the 2nd quarter. Benjamin Edwards Inc. now owns 3,956 shares of the financial services provider's stock valued at $819,000 after acquiring an additional 426 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in shares of Royal Bank Of Canada by 0.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 28,086 shares of the financial services provider's stock worth $5,813,000 after acquiring an additional 181 shares in the last quarter. Wedbush Securities Inc. raised its position in shares of Royal Bank Of Canada by 1.1% in the 2nd quarter. Wedbush Securities Inc. now owns 7,610 shares of the financial services provider's stock worth $1,575,000 after acquiring an additional 83 shares in the last quarter. Finally, Greenleaf Trust lifted its stake in shares of Royal Bank Of Canada by 9.6% during the 2nd quarter. Greenleaf Trust now owns 1,485 shares of the financial services provider's stock worth $307,000 after purchasing an additional 130 shares during the last quarter. Hedge funds and other institutional investors own 45.31% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Barclays reaffirmed an "overweight" rating on shares of Royal Bank Of Canada in a research report on Friday, August 21st. Keefe, Bruyette & Woods started coverage on shares of Royal Bank Of Canada in a research 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 report on Tuesday, May 12th. TD Securities reaffirmed a "buy" rating on shares of Royal Bank Of Canada in a research report on Wednesday, August 12th. Finally, Scotiabank reiterated an "outperform" rating on shares of Royal Bank Of Canada in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Royal Bank Of Canada currently has a consensus rating of "Moderate Buy" and a consensus price target of $225.00.

Royal Bank Of Canada Stock Performance

RY opened at $204.49 on Monday. Royal Bank Of Canada has a 52-week low of $143.13 and a 52-week high of $218.57. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 0.10. The company has a market cap of $283.55 billion, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 1.51 and a beta of 0.80. The firm's 50-day moving average price is $209.04 and its 200-day moving average price is $188.01.

Royal Bank Of Canada (NYSE:RY - Get Free Report) TSE: RY last released its earnings results on Thursday, August 27th. The financial services provider reported $3.07 EPS for the quarter, topping analysts' consensus estimates of $2.89 by $0.18. The company had revenue of $13.22 billion during the quarter, compared to analysts' expectations of $12.98 billion. Royal Bank Of Canada had a net margin of 16.17% and a return on equity of 17.79%. As a group, equities analysts anticipate that Royal Bank Of Canada will post 11.75 EPS for the current fiscal year.

Royal Bank Of Canada Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Shareholders of record on Monday, October 26th will be issued a $1.76 dividend. The ex-dividend date of this dividend 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 (DPR) is currently 43.39%.

Key Royal Bank Of Canada News

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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