Royal Bank Of Canada (NYSE:RY) Short Interest Down 49.5% in August

Royal Bank Of Canada (NYSE:RY) (TSE:RY) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 3,350,969 shares, a decline of 49.5% from the July 30th total of 6,630,140 shares. Based on an average trading volume of 1,253,902 shares, the days-to-cover ratio is presently 2.7 days. Currently, 0.2% of the company’s stock are short sold.

Trending Headlines about Royal Bank Of Canada

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

Institutional Trading of Royal Bank Of Canada

Institutional investors have recently made changes to their positions in the stock. Harvest Fund Management Co. Ltd bought a new position in Royal Bank Of Canada during the fourth quarter valued at approximately $25,000. Key Financial Inc grew its position in 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 worth $26,000 after purchasing an additional 63 shares during the period. Johnson Financial Group Inc. bought a new stake in Royal Bank Of Canada in the 3rd quarter worth approximately $27,000. BOK Financial Private Wealth Inc. purchased a new stake in Royal Bank Of Canada during the 2nd quarter valued at $28,000. Finally, Maseco LLP raised its stake in Royal Bank Of Canada by 355.0% during the 1st quarter. Maseco LLP now owns 182 shares of the financial services provider’s stock valued at $29,000 after buying an additional 142 shares during the last quarter. Hedge funds and other institutional investors own 45.31% of the company’s stock.

Royal Bank Of Canada Stock Down 0.0%

Shares of Royal Bank Of Canada stock traded down $0.05 on Friday, reaching $204.49. The company’s stock had a trading volume of 970,243 shares, compared to its average volume of 1,347,657. The company has a market capitalization of $283.55 billion, a price-to-earnings ratio of 17.89, a P/E/G ratio of 1.51 and a beta of 0.80. The firm’s fifty day simple moving average is $209.04 and its two-hundred day simple moving average is $188.01. 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.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its quarterly earnings results on Thursday, August 27th. The financial services provider reported $3.07 earnings per share for the quarter, topping the consensus estimate of $2.89 by $0.18. Royal Bank Of Canada had a return on equity of 17.79% and a net margin of 16.17%.The firm had revenue of $13.22 billion during the quarter, compared to analysts’ expectations of $12.98 billion. Equities analysts anticipate that Royal Bank Of Canada will post 11.75 earnings per share for the current year.

Royal Bank Of Canada Announces Dividend

The firm also recently announced 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 of this dividend is Monday, October 26th. This represents a $7.04 dividend on an annualized basis and a yield of 3.4%. Royal Bank Of Canada’s payout ratio is 43.39%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RY. TD Securities restated a “buy” rating on shares of Royal Bank Of Canada in a report on Wednesday, August 12th. Barclays reissued an “overweight” rating on shares of Royal Bank Of Canada in a research report on Friday, August 21st. Raymond James Financial lowered shares of Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research note on Tuesday, May 12th. Keefe, Bruyette & Woods initiated coverage on shares of Royal Bank Of Canada in a report on Friday, August 21st. They issued a “market perform” rating for the company. 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 given a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $225.00.

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.