FY2025 EPS Estimates for Royal Bank of Canada Cut by Cormark

Royal Bank of Canada (NYSE:RY) (TSE:RY) – Equities researchers at Cormark dropped their FY2025 earnings per share estimates for Royal Bank of Canada in a report released on Friday, February 21st. Cormark analyst L. Persaud now forecasts that the financial services provider will post earnings of $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.

A number of other equities analysts have also issued reports on RY. Barclays upgraded shares of Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a research report on Thursday, November 21st. TD Securities lowered 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 target on shares of 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 downgraded Royal Bank of Canada from a “hold” rating to a “sell” rating in a report on Wednesday, January 1st. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.50.

Royal Bank of Canada Stock Up 0.6 %

Shares of Royal Bank of Canada stock opened at $119.25 on Monday. Royal Bank of Canada has a 1-year low of $95.84 and a 1-year high of $128.05. The company has a market capitalization of $168.66 billion, a P/E ratio of 14.44, a PEG ratio of 1.80 and a beta of 0.87. The business’s fifty day moving average price is $120.29 and its two-hundred day moving average price is $121.44. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.86 and a quick ratio of 0.86.

Royal Bank of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Stockholders of record on Monday, January 27th were issued a dividend of $1.0522 per share. The ex-dividend date of this dividend was Monday, January 27th. This represents a $4.21 dividend on an annualized basis and a dividend yield of 3.53%. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $1.03. Royal Bank of Canada’s dividend payout ratio (DPR) is currently 49.76%.

Institutional Trading of Royal Bank of Canada

Several large investors have recently made changes to their positions in the stock. Polar Asset Management Partners Inc. lifted its position in Royal Bank of Canada by 32.2% during the 4th quarter. Polar Asset Management Partners Inc. now owns 19,837 shares of the financial services provider’s stock worth $2,390,000 after acquiring an additional 4,837 shares during the last quarter. Ascent Group LLC acquired a new stake in Royal Bank of Canada during the fourth quarter valued at approximately $201,000. Forum Financial Management LP grew its position in Royal Bank of Canada by 7.8% in the fourth quarter. Forum Financial Management LP now owns 17,589 shares of the financial services provider’s stock valued at $2,120,000 after acquiring an additional 1,276 shares during the period. Public Employees Retirement System of Ohio grew its holdings in shares of Royal Bank of Canada by 6.6% in the 4th quarter. Public Employees Retirement System of Ohio now owns 359,017 shares of the financial services provider’s stock worth $43,272,000 after purchasing an additional 22,290 shares during the last quarter. Finally, Vise Technologies Inc. increased its holdings in shares of Royal Bank of Canada by 43.8% during the fourth quarter. Vise Technologies Inc. now owns 14,142 shares of the financial services provider’s stock worth $1,704,000 after buying an additional 4,306 shares in the last quarter. Institutional investors own 45.31% of the company’s stock.

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.