Royal Bank of CanadaRY
Market Cap: $171B
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: 96,165
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
61% more call options, than puts
Call options by funds: $955M | Put options by funds: $594M
14% more first-time investments, than exits
New positions opened: 74 | Existing positions closed: 65
11% more capital invested
Capital invested by funds: $63.9B [Q1] → $70.6B (+$6.71B) [Q2]
6% more funds holding in top 10
Funds holding in top 10: 50 [Q1] → 53 (+3) [Q2]
2.02% more ownership
Funds ownership: 44.65% [Q1] → 46.67% (+2.02%) [Q2]
1% more funds holding
Funds holding: 651 [Q1] → 660 (+9) [Q2]
7% more repeat investments, than reductions
Existing positions increased: 221 | Existing positions reduced: 207
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
BMO Capital Sohrab Movahedi 86% 1-year accuracy 6 / 7 met price target | 36%upside $165 | Outperform Maintained | 29 Aug 2024 |
Financial journalist opinion
Based on 12 articles about RY published over the past 30 days