AlphaCore Capital LLC Increases Holdings in Royal Bank Of Canada $RY

AlphaCore Capital LLC lifted its stake in shares of Royal Bank Of Canada (NYSE:RY) (TSE:RY) by 692.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,618 shares of the financial services provider’s stock after purchasing an additional 4,035 shares during the quarter. AlphaCore Capital LLC’s holdings in Royal Bank Of Canada were worth $680,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in RY. Norges Bank bought a new stake in shares of Royal Bank Of Canada during the second quarter valued at about $2,599,262,000. Fisher Asset Management LLC boosted its position in shares of Royal Bank Of Canada by 1,218.0% in the second quarter. Fisher Asset Management LLC now owns 5,723,581 shares of the financial services provider’s stock valued at $752,937,000 after acquiring an additional 5,289,330 shares during the period. Picton Mahoney Asset Management bought a new position in shares of Royal Bank Of Canada in the second quarter valued at approximately $329,983,000. Vanguard Group Inc. grew its stake in Royal Bank Of Canada by 3.9% during the second quarter. Vanguard Group Inc. now owns 65,008,684 shares of the financial services provider’s stock valued at $8,567,752,000 after acquiring an additional 2,437,164 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in Royal Bank Of Canada by 20.2% during the 2nd quarter. Geode Capital Management LLC now owns 11,374,800 shares of the financial services provider’s stock worth $1,517,123,000 after acquiring an additional 1,910,492 shares during the period. Institutional investors own 45.31% of the company’s stock.

Royal Bank Of Canada Stock Performance

Royal Bank Of Canada stock opened at $167.26 on Friday. Royal Bank Of Canada has a fifty-two week low of $106.10 and a fifty-two week high of $176.19. The stock’s 50 day simple moving average is $170.03 and its two-hundred day simple moving average is $155.79. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market cap of $233.78 billion, a price-to-earnings ratio of 16.01, a PEG ratio of 1.26 and a beta of 0.79.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last released its earnings results 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 return on equity of 17.30% and a net margin of 15.28%.The company had revenue of $13.18 billion during the quarter, compared to analysts’ expectations of $12.60 billion. During the same quarter last year, the business posted $3.62 EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, analysts expect that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal year.

Royal Bank Of Canada Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Thursday, April 23rd will be given a dividend of $1.64 per share. The ex-dividend date of this dividend is Thursday, April 23rd. This represents a $6.56 annualized dividend and a yield of 3.9%. Royal Bank Of Canada’s dividend payout ratio (DPR) is currently 45.74%.

Key Stories Impacting Royal Bank Of Canada

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

• Positive Sentiment: Q1 results beat expectations — RBC reported EPS of $2.94 vs. the $2.81 consensus and revenue of $13.18B (vs. $12.6B est.), driven by growth in personal banking, wealth management and capital markets; this supports the bank’s earnings outlook and valuation. Zacks: RY beats Q1 earnings
• Positive Sentiment: Net income and revenue momentum — reporting showed ~13% net income growth and broad-based revenue strength across retail and capital markets, echoing peer-beating results for Canadian banks this quarter. Financial Post: RBC tops earnings estimates
• Positive Sentiment: Dividend maintained and investor-friendly payout — RBC declared a quarterly dividend of $1.64 (annualized yield ~3.9%, ex-dividend April 23), which supports yield-seeking investors and long-term total-return expectations.
• Neutral Sentiment: Earnings materials released — the company posted its Q1 earnings presentation and call materials (useful for assessing segment-level trends and management commentary). Seeking Alpha: Q1 presentation
• Neutral Sentiment: RBC’s capital markets research remains active — the bank’s equity research is initiating and updating coverage (e.g., Eli Lilly, AbbVie), which speaks to the franchise’s research reach but has limited direct impact on RY’s near-term stock moves. InsiderMonkey: RBC initiates LLY coverage
• Negative Sentiment: Talent attrition and trading losses in high‑yield desk — reports say at least five high‑yield analysts/traders have left after losses tied to the First Brands Group collapse, raising concerns about risk controls, P&L volatility in the corporate credit franchise and potential reputational/human‑capital costs. Financial Post: High-yield desk attrition

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on RY shares. TD Securities upgraded shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research report on Thursday, December 4th. Scotiabank restated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Friday, January 9th. Raymond James Financial reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a report on Friday, February 13th. Jefferies Financial Group downgraded Royal Bank Of Canada from a “buy” rating to a “hold” rating in a research report on Tuesday, November 25th. Finally, National Bank Financial restated an “outperform” rating on shares of Royal Bank Of Canada in a research report on Thursday, December 4th. Eleven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.