Cormark Cuts Earnings Estimates for Royal Bank of Canada

Royal Bank of Canada (NYSE:RY) (TSE:RY) – Research analysts at Cormark cut their FY2025 earnings estimates for shares of Royal Bank of Canada in a note issued to investors on Friday, February 21st. Cormark analyst L. Persaud now anticipates 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.

Several other research firms 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 note on Friday, November 15th. StockNews.com cut shares of Royal Bank of Canada from a “hold” rating to a “sell” rating in a research note on Wednesday, January 1st. BMO Capital Markets cut their target price 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. Finally, Barclays upgraded shares of Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a research note on Thursday, November 21st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $156.50.

Royal Bank of Canada Stock Performance

Shares of Royal Bank of Canada stock opened at $119.25 on Monday. The firm’s 50 day moving average is $120.29 and its two-hundred day moving average is $121.44. Royal Bank of Canada has a 52 week low of $95.84 and a 52 week 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 firm has a market capitalization of $168.66 billion, a P/E ratio of 14.44, a P/E/G ratio of 1.80 and a beta of 0.87.

Institutional Investors Weigh In On Royal Bank of Canada

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Royal Bank of Canada by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 59,183,549 shares of the financial services provider’s stock valued at $7,136,056,000 after acquiring an additional 1,104,975 shares during the last quarter. Norges Bank acquired a new position in shares of Royal Bank of Canada during the fourth quarter worth $2,425,519,000. FMR LLC boosted its position in Royal Bank of Canada by 75.8% in the 3rd quarter. FMR LLC now owns 17,866,021 shares of the financial services provider’s stock valued at $2,229,834,000 after buying an additional 7,702,585 shares during the last quarter. CIBC Asset Management Inc grew 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 valued at $1,706,833,000 after purchasing an additional 124,348 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Royal Bank of Canada by 9.0% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 11,112,451 shares of the financial services provider’s stock worth $1,338,156,000 after buying an additional 921,276 shares during the last quarter. 45.31% of the stock is currently owned by hedge funds and other institutional investors.

Royal Bank of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Monday, January 27th were paid 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 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 presently 49.76%.

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.