Royal Bank of Canada (RY)

• Market cap: $171B
• 1 day: 0.84%
• 5 days: -2.82%
• 1 month: -0.88%
• 3 months: -0.98%
• 6 months: 16.77%
• Year to date: 20.13%
• 1 year: 21.98%
• 5 years: 52.33%
• 10 years: 76.91%

About: Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the US and other countries.

Employees: 94,838

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

100% more first-time investments, than exits

New positions opened: 90 | Existing positions closed: 45

48% more call options, than puts

Call options by funds: $1.22B | Put options by funds: $828M

12% more capital invested

Capital invested by funds: $70.8B [Q2] → $79.6B (+$8.83B) [Q3]

7% more funds holding

Funds holding: 664 [Q2] → 709 (+45) [Q3]

2% more funds holding in top 10

Funds holding in top 10: 53 [Q2] → 54 (+1) [Q3]

3% less repeat investments, than reductions

Existing positions increased: 219 | Existing positions reduced: 226

1.71% less ownership

Funds ownership: 46.92% [Q2] → 45.21% (-1.71%) [Q3]

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $193 60% upside
• Avg. target: $193 60% upside
• High target: $193 60% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

BMO Capital Sohrab Movahedi 78% 1-year accuracy 7 / 9 met price target

60% upside $193

Outperform Maintained

5 Dec 2024