Will The Royal Bank of Canada’s Newest Acquisition Make These Top Institutional Shareholders Happy?

Royal Bank of Canada (NYSE:RY) purchased Ally Financial Inc.’s Canadian auto finance and deposit business for a total amount ranging from $3.1 billion to $3.8 billion. “Ally Canada will add significant scale to our existing consumer and commercial auto financing business and will strengthen our position as a leader in the Canadian auto finance industry,” said Dave McKay, group head of Personal & Commercial Banking for the RBC.

Will the Royal Bank of Canada’s shareholders decrease their holdings? They reported owning a total of 30.944 million shares on 09/30/2012. The shares closed at $57.41 on 09/30/2012.

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Here are the ten largest positions in Royal Bank of Canada at the end of September 30th, 2012.

Beutel Goodman & Co Ltd. held 11,660,202 shares on 09/30/2012 worth $669,412,195. This brought the portfolio total to 11.77%.

Fisher Asset Management LLC held 6,074,439 shares on 09/30/2012 worth $348,733,542. This brought the portfolio total to 0.96%.

AGF Investments Inc. held 3,182,785 shares on 09/30/2012 worth $182,723,686. This brought the portfolio total to 2.15%.

Mizuho Trust & Banking Co. Ltd. held 2,411,287 shares on 09/30/2012 worth $138,431,986. This brought the portfolio total to 0.54%.

Acuity Investment Management Inc held 1,650,980 shares on 09/30/2012 worth $94,782,762. This brought the portfolio total to 8.43%.

Bank of New York Mellon Corp held 1,270,388 shares on 09/30/2012 worth $72,932,975. This brought the portfolio total to 0.03%.

Her Majesty the Queen in right of the Province of Alberta as represented by Alberta Investment Management Corp held 947,487 shares on 09/30/2012 worth $54,395,229. This brought the portfolio total to 1.26%.

Lincluden Management Ltd held 766,373 shares on 09/30/2012 worth $43,997,474. This brought the portfolio total to 3.6%.

Hexavest Inc. held 664,935 shares on 09/30/2012 worth $38,173,918. This brought the portfolio total to 0.89%.

Shell Asset Management Co held 577,743 shares on 09/30/2012 worth $33,168,226. This brought the portfolio total to 0.69%.

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