Royal Bank of Canada (NYSE:RY – Free Report) (TSE:RY) – Analysts at National Bank Financial issued their Q1 2025 earnings per share (EPS) estimates for shares of Royal Bank of Canada in a research note issued to investors on Wednesday, December 4th. National Bank Financial analyst G. Dechaine expects that the financial services provider will earn $2.33 per share for the quarter. The consensus estimate for Royal Bank of Canada’s current full-year earnings is $8.73 per share. National Bank Financial also issued estimates for Royal Bank of Canada’s Q2 2025 earnings at $2.27 EPS, Q3 2025 earnings at $2.36 EPS, Q4 2025 earnings at $2.39 EPS, FY2025 earnings at $9.35 EPS and FY2026 earnings at $10.44 EPS.
RY has been the subject of several other reports. BMO Capital Markets lowered their price objective on Royal Bank of Canada from $195.00 to $193.00 and set an “outperform” rating for the company in a research note on Thursday. TD Securities lowered shares of Royal Bank of Canada from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, Barclays raised shares of Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a research note on Thursday, November 21st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $156.50.
Royal Bank of Canada Stock Performance
NYSE RY opened at $126.05 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 0.87 and a quick ratio of 0.87. Royal Bank of Canada has a 1-year low of $90.71 and a 1-year high of $128.05. The business has a 50 day simple moving average of $123.78 and a two-hundred day simple moving average of $115.89. The stock has a market capitalization of $178.19 billion, a PE ratio of 15.26, a P/E/G ratio of 1.85 and a beta of 0.86.
Royal Bank of Canada Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Monday, January 27th will be given a dividend of $1.0522 per share. This represents a $4.21 annualized dividend and a dividend yield of 3.34%. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $1.03. The ex-dividend date is Monday, January 27th. Royal Bank of Canada’s dividend payout ratio is presently 52.91%.
Hedge Funds Weigh In On Royal Bank of Canada
Large investors have recently made changes to their positions in the business. Logan Capital Management Inc. raised its position in shares of Royal Bank of Canada by 4.1% in the 3rd quarter. Logan Capital Management Inc. now owns 33,003 shares of the financial services provider’s stock valued at $4,116,000 after purchasing an additional 1,293 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new position in shares of Royal Bank of Canada in the third quarter worth $748,000. Old North State Trust LLC lifted its stake in shares of Royal Bank of Canada by 5.7% during the third quarter. Old North State Trust LLC now owns 8,068 shares of the financial services provider’s stock worth $1,006,000 after buying an additional 432 shares during the period. Synovus Financial Corp purchased a new stake in shares of Royal Bank of Canada during the third quarter valued at $254,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Royal Bank of Canada in the 3rd quarter valued at $167,000. 45.31% of the stock is owned by institutional investors and hedge funds.
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.
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