National Bank Financial Weighs in on RY FY2025 Earnings

Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY - Stock analysts at National Bank Financial decreased their FY2025 earnings per share estimates for Royal Bank of Canada in a research note issued on Sunday, April 6th. National Bank Financial analyst G. Dechaine now expects that the financial services provider will post earnings of $9.35 per share for the year, down from their prior estimate of $9.62. The consensus estimate for Royal Bank of Canada's current full-year earnings is $9.16 per share. National Bank Financial also issued estimates for Royal Bank of Canada's FY2026 earnings at $9.85 EPS.

Several other research firms have also commented on RY. CIBC raised shares of Royal Bank of Canada from a "neutral" rating to a "sector outperform" rating in a report on Friday, April 4th. Cibc World Mkts raised shares of Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 3rd. Finally, StockNews.com raised shares of Royal Bank of Canada from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Royal Bank of Canada has an average rating of "Buy" and an average price target of $156.50.

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Royal Bank of Canada Stock Performance

Shares of NYSE:RY traded up $1.10 during trading on Wednesday, hitting $114.37. The stock had a trading volume of 425,867 shares, compared to its average volume of 1,092,731. Royal Bank of Canada has a 12-month low of $95.84 and a 12-month high of $128.05. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $161.45 billion, a price-to-earnings ratio of 13.85, a price-to-earnings-growth ratio of 1.80 and a beta of 0.82. The stock has a 50-day simple moving average of $115.13 and a two-hundred day simple moving average of $120.10.

Hedge Funds Weigh In On Royal Bank of Canada

A number of hedge funds have recently made changes to their positions in RY. Norges Bank acquired a new position in Royal Bank of Canada in the 4th quarter valued at $2,425,519,000. Geode Capital Management LLC raised its position in shares of Royal Bank of Canada by 31.2% in the fourth quarter. Geode Capital Management LLC now owns 8,382,278 shares of the financial services provider's stock valued at $1,027,061,000 after buying an additional 1,991,364 shares during the last quarter. APG Asset Management N.V. lifted its stake in shares of Royal Bank of Canada by 1,600.9% in the fourth quarter. APG Asset Management N.V. now owns 1,427,075 shares of the financial services provider's stock worth $166,084,000 after buying an additional 1,343,174 shares in the last quarter. Vanguard Group Inc. boosted its position in Royal Bank of Canada by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 59,183,549 shares of the financial services provider's stock worth $7,136,056,000 after acquiring an additional 1,104,975 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Royal Bank of Canada by 9.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,112,451 shares of the financial services provider's stock valued at $1,338,156,000 after acquiring an additional 921,276 shares in the last quarter. Institutional investors and hedge funds own 45.31% of the company's stock.

Royal Bank of Canada Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 24th will be paid a $1.0251 dividend. This represents a $4.10 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Thursday, April 24th. Royal Bank of Canada's dividend payout ratio is presently 46.18%.

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.