RY FY2025 EPS Forecast Reduced by National Bank Financial

Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY - National Bank Financial lowered their FY2025 earnings per share estimates for shares of Royal Bank of Canada in a research report issued on Tuesday, November 19th. National Bank Financial analyst G. Dechaine now forecasts that the financial services provider will earn $9.46 per share for the year, down from their prior estimate of $9.96. The consensus estimate for Royal Bank of Canada's current full-year earnings is $8.88 per share.

Several other research analysts also recently issued reports on RY. TD Securities downgraded shares of Royal Bank of Canada from a "buy" rating to a "hold" rating in a research report on Friday, November 15th. Barclays raised shares of Royal Bank of Canada from an "equal weight" rating to an "overweight" rating in a research note on Thursday. Finally, BMO Capital Markets boosted their price objective on shares of Royal Bank of Canada from $151.00 to $165.00 and gave the stock an "outperform" rating in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $142.50.

Royal Bank of Canada Price Performance

Royal Bank of Canada stock traded down $0.01 on Friday, reaching $125.08. The company's stock had a trading volume of 682,076 shares, compared to its average volume of 1,096,496. Royal Bank of Canada has a twelve month low of $85.02 and a twelve month high of $126.96. The company has a market cap of $176.82 billion, a price-to-earnings ratio of 15.12, a PEG ratio of 1.88 and a beta of 0.86. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.87 and a current ratio of 0.87. The business's fifty day moving average price is $123.36 and its 200 day moving average price is $114.40.

Royal Bank of Canada (NYSE:RY - Get Free Report) TSE: RY last issued its earnings results on Wednesday, August 28th. The financial services provider reported $2.38 EPS for the quarter, beating the consensus estimate of $2.15 by $0.23. Royal Bank of Canada had a net margin of 12.28% and a return on equity of 15.17%. The company had revenue of $10.68 billion for the quarter, compared to the consensus estimate of $10.40 billion.

Institutional Trading of Royal Bank of Canada

Large investors have recently made changes to their positions in the company. Shell Asset Management Co. boosted its holdings in shares of Royal Bank of Canada by 3.8% in the first quarter. Shell Asset Management Co. now owns 2,711 shares of the financial services provider's stock valued at $274,000 after buying an additional 100 shares during the period. EP Wealth Advisors LLC raised its position in Royal Bank of Canada by 15.0% in the 1st quarter. EP Wealth Advisors LLC now owns 3,052 shares of the financial services provider's stock valued at $308,000 after buying an additional 397 shares during the last quarter. Advisors Asset Management Inc. raised its position in Royal Bank of Canada by 29.0% in the 1st quarter. Advisors Asset Management Inc. now owns 2,953 shares of the financial services provider's stock valued at $298,000 after buying an additional 664 shares during the last quarter. Capital Research Global Investors lifted its stake in Royal Bank of Canada by 1.1% in the 1st quarter. Capital Research Global Investors now owns 345,156 shares of the financial services provider's stock valued at $34,812,000 after acquiring an additional 3,639 shares in the last quarter. Finally, Tremblant Capital Group boosted its position in Royal Bank of Canada by 71.8% during the 1st quarter. Tremblant Capital Group now owns 13,429 shares of the financial services provider's stock worth $1,355,000 after acquiring an additional 5,612 shares during the last quarter. Institutional investors own 45.31% of the company's stock.

Royal Bank of Canada Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, October 24th will be issued a dividend of $1.028 per share. This represents a $4.11 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend is Thursday, October 24th. Royal Bank of Canada's dividend payout ratio is currently 50.79%.

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.