Royal Bank of Canada (RY)

• Market cap: $173B
• 1 day: 1.41%
• 5 days: 2.77%
• 1 month: 1.26%
• 3 months: -2.20%
• 6 months: 9.53%
• Year to date: 2.14%
• 1 year: 23.54%
• 5 years: 49.68%
• 10 years: 96.65%

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)

143% more first-time investments, than exits

New positions opened: 90 | Existing positions closed: 37

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: $71.5B [Q2] → $80.4B (+$8.88B) [Q3]

7% more funds holding

Funds holding: 665 [Q2] → 710 (+45) [Q3]

2% more funds holding in top 10

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

4% less repeat investments, than reductions

Existing positions increased: 219 | Existing positions reduced: 227

1.75% less ownership

Funds ownership: 47.41% [Q2] → 45.66% (-1.75%) [Q3]

Research analyst outlook

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

• Low target: $193 58% upside
• Avg. target: $193 58% upside
• High target: $193 58% 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

58% upside $193

Outperform Maintained

5 Dec 2024