Research Analysts Issue Forecasts for RY FY2026 Earnings

Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY - National Bank Financial decreased their FY2026 earnings estimates for shares of Royal Bank of Canada in a research note issued to investors on Monday, February 17th. National Bank Financial analyst G. Dechaine now forecasts that the financial services provider will post earnings of $10.30 per share for the year, down from their prior forecast of $10.44. The consensus estimate for Royal Bank of Canada's current full-year earnings is $9.16 per share.

Several other research firms have also issued reports on RY. 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, December 5th. StockNews.com downgraded Royal Bank of Canada from a "hold" rating to a "sell" rating in a research report on Wednesday, January 1st. 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. Finally, TD Securities lowered shares of Royal Bank of Canada from a "buy" rating to a "hold" rating in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $156.50.

Royal Bank of Canada Trading Down 0.6 %

RY traded down $0.74 on Thursday, hitting $118.92. The company had a trading volume of 2,169,987 shares, compared to its average volume of 1,258,011. The business's fifty day simple moving average is $120.61 and its 200 day simple moving average is $121.01. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.11. Royal Bank of Canada has a 12-month low of $95.84 and a 12-month high of $128.05. The company has a market cap of $168.20 billion, a PE ratio of 14.40, a PEG ratio of 1.81 and a beta of 0.87.

Royal Bank of Canada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Monday, January 27th will be paid a $1.0522 dividend. 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. This represents a $4.21 dividend on an annualized basis and a yield of 3.54%. Royal Bank of Canada's dividend payout ratio (DPR) is presently 49.76%.

Institutional Trading of Royal Bank of Canada

Several institutional investors and hedge funds have recently made changes to their positions in the business. Ascent Group LLC purchased a new position in Royal Bank of Canada in the 4th quarter worth about $201,000. Forum Financial Management LP increased its position in shares of Royal Bank of Canada by 7.8% during the fourth quarter. Forum Financial Management LP now owns 17,589 shares of the financial services provider's stock worth $2,120,000 after acquiring an additional 1,276 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Royal Bank of Canada by 6.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 359,017 shares of the financial services provider's stock valued at $43,272,000 after acquiring an additional 22,290 shares in the last quarter. Vise Technologies Inc. boosted its holdings in shares of Royal Bank of Canada by 43.8% in the fourth quarter. Vise Technologies Inc. now owns 14,142 shares of the financial services provider's stock valued at $1,704,000 after purchasing an additional 4,306 shares during the period. Finally, Focus Partners Advisor Solutions LLC boosted its holdings in shares of Royal Bank of Canada by 11.9% in the fourth quarter. Focus Partners Advisor Solutions LLC now owns 8,788 shares of the financial services provider's stock valued at $1,059,000 after purchasing an additional 932 shares during the period. 45.31% of the stock is currently owned by institutional investors.

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.