Royal Bank Of Canada (NYSE:RY – Free Report) (TSE:RY) – Erste Group Bank reduced their FY2026 earnings per share (EPS) estimates for shares of Royal Bank Of Canada in a note issued to investors on Monday, July 27th. Erste Group Bank analyst H. Engel now anticipates that the financial services provider will post earnings of $11.40 per share for the year, down from their previous forecast of $11.53. The consensus estimate for Royal Bank Of Canada’s current full-year earnings is $11.45 per share. Erste Group Bank also issued estimates for Royal Bank Of Canada’s FY2027 earnings at $12.41 EPS.
A number of other research analysts also recently weighed in on the stock. Raymond James Financial downgraded shares of Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 12th. TD Securities restated a “buy” rating on shares of Royal Bank Of Canada in a research report on Friday, May 29th. Scotiabank reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a report on Monday, June 1st. Argus set a $225.00 target price on Royal Bank Of Canada in a report on Thursday, June 11th. Finally, Weiss Ratings cut shares of Royal Bank Of Canada from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Monday, June 29th. Ten research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Royal Bank Of Canada has a consensus rating of “Moderate Buy” and a consensus price target of $225.00.
Royal Bank Of Canada Trading Down 2.9%
NYSE:RY opened at $206.22 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.10. Royal Bank Of Canada has a 1-year low of $127.38 and a 1-year high of $218.57. The business’s 50-day moving average price is $202.37 and its two-hundred day moving average price is $181.70. The firm has a market capitalization of $285.94 billion, a price-to-earnings ratio of 18.53, a PEG ratio of 1.68 and a beta of 0.80.
Royal Bank Of Canada (NYSE:RY – Get Free Report) (TSE:RY) last announced its earnings results on Thursday, May 28th. The financial services provider reported $2.84 EPS for the quarter, topping the consensus estimate of $2.81 by $0.03. Royal Bank Of Canada had a return on equity of 17.68% and a net margin of 15.92%.The company had revenue of $12.84 billion for the quarter, compared to analysts’ expectations of $12.74 billion. During the same quarter in the prior year, the business earned $3.12 earnings per share. The business’s revenue for the quarter was up 11.4% on a year-over-year basis.
Institutional Trading of Royal Bank Of Canada
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RY. Fiduciary Financial Group LLC raised its holdings in Royal Bank Of Canada by 3.5% during the second quarter. Fiduciary Financial Group LLC now owns 2,026 shares of the financial services provider’s stock worth $419,000 after buying an additional 68 shares during the last quarter. Valeo Financial Advisors LLC lifted its holdings in Royal Bank Of Canada by 7.4% during the second quarter. Valeo Financial Advisors LLC now owns 1,929 shares of the financial services provider’s stock worth $399,000 after acquiring an additional 133 shares during the period. Gradient Investments LLC raised its stake in shares of Royal Bank Of Canada by 3.9% during the 2nd quarter. Gradient Investments LLC now owns 32,151 shares of the financial services provider’s stock worth $6,654,000 after purchasing an additional 1,195 shares during the period. Cooper Financial Group raised its position in Royal Bank Of Canada by 31.7% in the second quarter. Cooper Financial Group now owns 1,671 shares of the financial services provider’s stock worth $346,000 after acquiring an additional 402 shares during the period. Finally, PensionDanmark Pensionsforsikringsaktieselskab grew its position in shares of Royal Bank Of Canada by 14.1% during the 2nd quarter. PensionDanmark Pensionsforsikringsaktieselskab now owns 162,096 shares of the financial services provider’s stock valued at $33,554,000 after acquiring an additional 20,000 shares during the period. 45.31% of the stock is owned by institutional investors.
Royal Bank Of Canada Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 24th. Investors of record on Monday, July 27th will be paid a dividend of $1.76 per share. This is an increase from Royal Bank Of Canada’s previous quarterly dividend of $1.64. This represents a $7.04 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Monday, July 27th. Royal Bank Of Canada’s payout ratio is 44.56%.
Royal Bank Of Canada Company Profile
Royal Bank of Canada (NYSE: RY) is a diversified financial services company and one of Canada’s largest banks. Founded in 1864 in Halifax, Nova Scotia, the firm is now headquartered in Toronto, Ontario. It provides a broad range of banking and financial services to individuals, businesses, and institutional clients through a network of branches, digital platforms and international offices.
RBC operates across several principal business segments including personal and commercial banking, wealth management, insurance, investor and treasury services, capital markets, and global asset management.
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