Cormark Reduces Earnings Estimates for Royal Bank of Canada

Royal Bank of Canada (NYSE:RY) (TSE:RY) – Cormark dropped their FY2025 earnings per share (EPS) estimates for Royal Bank of Canada in a research report issued to clients and investors on Thursday, December 5th. Cormark analyst L. Persaud now expects that the financial services provider will post earnings per share of $9.10 for the year, down from their previous forecast of $9.30. The consensus estimate for Royal Bank of Canada’s current full-year earnings is $8.73 per share. Cormark also issued estimates for Royal Bank of Canada’s FY2026 earnings at $9.85 EPS.

RY has been the topic of several other research reports. TD Securities downgraded Royal Bank of Canada from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. BMO Capital Markets reduced their price objective on Royal Bank of Canada from $195.00 to $193.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, Barclays upgraded Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a research report on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $156.50.

Royal Bank of Canada Stock Down 1.5 %

Shares of RY opened at $126.05 on Friday. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.12. Royal Bank of Canada has a 12 month low of $90.71 and a 12 month high of $128.05. The stock’s 50 day moving average is $123.78 and its two-hundred day moving average is $115.89. The firm has a market cap of $178.19 billion, a P/E ratio of 15.26, a PEG ratio of 1.85 and a beta of 0.86.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in RY. National Bank of Canada FI lifted its holdings in shares of Royal Bank of Canada by 16.7% in the 2nd quarter. National Bank of Canada FI now owns 20,232,204 shares of the financial services provider’s stock valued at $2,141,681,000 after purchasing an additional 2,901,033 shares during the last quarter. FMR LLC lifted its holdings in shares of Royal Bank of Canada by 75.8% in the 3rd quarter. FMR LLC now owns 17,866,021 shares of the financial services provider’s stock valued at $2,229,834,000 after purchasing an additional 7,702,585 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Royal Bank of Canada by 0.9% in the 3rd quarter. CIBC Asset Management Inc now owns 13,622,472 shares of the financial services provider’s stock valued at $1,706,833,000 after purchasing an additional 124,348 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Royal Bank of Canada by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 12,127,506 shares of the financial services provider’s stock valued at $1,289,274,000 after purchasing an additional 256,023 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Royal Bank of Canada by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 10,504,593 shares of the financial services provider’s stock valued at $1,118,150,000 after purchasing an additional 190,341 shares during the last quarter. 45.31% of the stock is owned by institutional investors and hedge funds.

Royal Bank of Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Monday, January 27th will be given a dividend of $1.0522 per share. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $1.03. This represents a $4.21 annualized dividend and a dividend yield of 3.34%. The ex-dividend date is Monday, January 27th. Royal Bank of Canada’s dividend payout ratio is currently 52.91%.

About Royal Bank of Canada

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.