Hsbc Holdings PLC Purchases Shares of 108,887 Royal Bank Of Canada $RY

Hsbc Holdings PLC purchased a new position in Royal Bank Of Canada (NYSE:RY) (TSE:RY) in the 2nd quarter, HoldingsChannel reports. The fund purchased 108,887 shares of the financial services provider’s stock, valued at approximately $22,536,000.

Other large investors have also modified their holdings of the company. Harvest Fund Management Co. Ltd purchased a new stake in Royal Bank Of Canada during the 4th quarter worth about $25,000. Key Financial Inc boosted its stake in shares of Royal Bank Of Canada by 63.0% in the 1st quarter. Key Financial Inc now owns 163 shares of the financial services provider’s stock valued at $26,000 after buying an additional 63 shares during the period. Johnson Financial Group Inc. acquired a new position in shares of Royal Bank Of Canada during the third quarter worth about $27,000. BOK Financial Private Wealth Inc. acquired a new position in shares of Royal Bank Of Canada during the second quarter worth about $28,000. Finally, Maseco LLP increased its stake in shares of Royal Bank Of Canada by 355.0% during the first quarter. Maseco LLP now owns 182 shares of the financial services provider’s stock worth $29,000 after buying an additional 142 shares during the period. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Trending Headlines about Royal Bank Of Canada

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

• Positive Sentiment: Royal Bank reported quarterly earnings of $3.07 per share, exceeding the consensus estimate of $2.89 and rising from $2.79 a year earlier. Net margin was 15.92%, while return on equity reached 17.68%. Royal Bank Q3 Earnings and Revenues Beat Estimates
• Positive Sentiment: Reported third-quarter net income rose to approximately C$6.02 billion, or C$4.23 per share, from C$5.41 billion, or C$3.75 per share, a year earlier—an all-time record. Royal Bank of Canada Notches Record Income
• Positive Sentiment: Management credited strength in capital markets and commercial banking for helping drive the results, with RBC described as exceeding expectations and “raising the bar.” RBC Tops Expectations on Strength in Capital Markets and Commercial Banking
• Positive Sentiment: RBC declared a quarterly dividend of C$1.76 per share, equivalent to an annualized yield of roughly 3.4% based on the current share price. Investors of record on October 26 are scheduled to receive payment on November 24.
• Neutral Sentiment: The strong results were part of a broader trend among Canada’s major banks, with RBC, TD and CIBC all surpassing profit estimates. This validates sector strength but may also temper the impact of RBC’s results as investors compare performance across peers. Canada’s RBC, TD and CIBC Top Bank Profit Estimates

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Weiss Ratings raised shares of Royal Bank Of Canada from a “buy (b+)” rating to a “buy (a-)” rating in a report on Wednesday, July 29th. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Royal Bank Of Canada in a report on Wednesday, August 19th. Scotiabank reissued an “outperform” rating on shares of Royal Bank Of Canada in a research report on Monday, June 1st. Argus set a $225.00 price objective on shares of Royal Bank Of Canada in a report on Thursday, June 11th. Finally, TD Securities reaffirmed a “buy” rating on shares of Royal Bank Of Canada in a research report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $225.00.

Royal Bank Of Canada Stock Down 1.2%

Shares of NYSE:RY opened at $204.63 on Friday. The stock has a market cap of $283.74 billion, a P/E ratio of 18.39, a P/E/G ratio of 1.56 and a beta of 0.80. The firm has a fifty day moving average price of $208.98 and a 200 day moving average price of $187.80. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.82 and a quick ratio of 0.82. Royal Bank Of Canada has a 1-year low of $143.13 and a 1-year high of $218.57.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings data on Thursday, August 27th. The financial services provider reported $3.07 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $0.18. Royal Bank Of Canada had a net margin of 15.92% and a return on equity of 17.68%. The company had revenue of $13.22 billion for the quarter, compared to analyst estimates of $12.98 billion. Sell-side analysts predict that Royal Bank Of Canada will post 11.59 EPS for the current year.

Royal Bank Of Canada Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 24th. Investors of record on Monday, October 26th will be given a $1.76 dividend. This represents a $7.04 annualized dividend and a yield of 3.4%. The ex-dividend date is Monday, October 26th. Royal Bank Of Canada’s payout ratio is 44.56%.

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.