Cormark Reduces Earnings Estimates for Royal Bank of Canada

Royal Bank of Canada (NYSE:RY) (TSE:RY) – Equities research analysts at Cormark decreased their FY2025 earnings per share estimates for Royal Bank of Canada in a note issued to investors on Friday, February 21st. Cormark analyst L. Persaud now forecasts that the financial services provider will earn $9.08 per share for the year, down from their previous estimate of $9.10. The consensus estimate for Royal Bank of Canada’s current full-year earnings is $9.16 per share. Cormark also issued estimates for Royal Bank of Canada’s FY2026 earnings at $9.84 EPS.

Other research analysts have also recently issued reports about the company. TD Securities cut Royal Bank of Canada from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Barclays raised Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a research report on Thursday, November 21st. BMO Capital Markets cut 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 report on Thursday, December 5th. Finally, StockNews.com cut Royal Bank of Canada from a “hold” rating to a “sell” rating in a research report on Wednesday, January 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Royal Bank of Canada presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.50.

Royal Bank of Canada Stock Performance

Shares of NYSE RY opened at $118.92 on Monday. The stock has a 50 day moving average price of $120.50 and a 200 day moving average price of $121.30. Royal Bank of Canada has a 52 week low of $95.84 and a 52 week high of $128.05. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market capitalization of $168.20 billion, a PE ratio of 14.40, a price-to-earnings-growth ratio of 1.80 and a beta of 0.87.

Royal Bank of Canada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Monday, January 27th will be paid a dividend of $1.0522 per share. The ex-dividend date of this dividend is Monday, January 27th. This represents a $4.21 dividend on an annualized basis and a dividend yield of 3.54%. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $1.03. Royal Bank of Canada’s dividend payout ratio (DPR) is 49.76%.

Hedge Funds Weigh In On Royal Bank of Canada

A number of large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its stake in Royal Bank of Canada by 6.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 84,045 shares of the financial services provider’s stock worth $10,483,000 after acquiring an additional 4,980 shares during the period. CIBC Asset Management Inc increased its stake in Royal Bank of Canada by 0.9% during the 3rd quarter. CIBC Asset Management Inc now owns 13,622,472 shares of the financial services provider’s stock worth $1,706,833,000 after acquiring an additional 124,348 shares during the period. Algert Global LLC bought a new position in Royal Bank of Canada during the 3rd quarter worth $706,000. Bridgewater Associates LP increased its stake in Royal Bank of Canada by 150.7% during the 3rd quarter. Bridgewater Associates LP now owns 74,025 shares of the financial services provider’s stock worth $9,249,000 after acquiring an additional 44,494 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Royal Bank of Canada by 9.3% in the 3rd quarter. Geode Capital Management LLC now owns 6,390,914 shares of the financial services provider’s stock valued at $805,616,000 after purchasing an additional 541,760 shares in the last quarter. Institutional investors own 45.31% of the company’s stock.

Royal Bank of Canada Company Profile

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.