
Royal Bank of Canada continues to attract institutional interest, yet this does not represent a definitive buy indicator. Data through Wednesday indicates 566 institutional buyers and 298 institutional sellers in the past 12 months. Total inflows amounted to $24.17 billion, compared with $7.28 billion in outflows, resulting in a net inflow of $16.89 billion.
NYSE: RY · institutional demand versus a full valuation
Market quote: $212.30 USD
August 19, 2026, 10:09 EDT · market open
Reported 13F ownership
Calculated inflows less outflows
+25% YoY · down 5% QoQ
8:30 EDT · fiscal Q3 2026
Ratios: inflows were 3.32× outflows; buyers were 1.90× sellers. Filings are delayed and do not show post-quarter trades.
TSX consensus: Moderate Buy. Mean target C$262.96, 10.4% below a cited C$293.47 price.
The filings show broad demand, while Q2 earnings supplied fundamental support. The counterweight is valuation: Canadian banks average about 15× forward earnings versus 12× for U.S. peers. August 27 results must confirm that credit costs and fee income can carry the premium.
Sources: MarketBeat 13F compilation and intraday quote; RBC Q2 2026 release; RBC Investor Relations; PriceTargets.com; Reuters. Monetary amounts follow source currencies.
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