Canoe Financial LP significantly increased its stake in Royal Bank of Canada (RY) in Q4, becoming its largest position.
Canoe Financial LP increased its stake in Royal Bank of Canada (RY) by 11,061.2% in Q4, making it the company's largest position. RY reported Q4 earnings of $2.11 EPS, beating the consensus estimate of $2.06. The bank has a dividend yield of 3.96% and a payout ratio of 51.39%. Royal Bank of Canada received a "Moderate Buy" consensus rating from six research firms, with an average 12-month target price of $137.67.
May 12, 2024
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