Q2 EPS Estimate for Royal Bank of Canada Lifted by Analyst

Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY - Equities researchers at National Bank Financial lifted their Q2 2025 earnings per share estimates for shares of Royal Bank of Canada in a research note issued to investors on Thursday, May 15th. National Bank Financial analyst G. Dechaine now anticipates that the financial services provider will post earnings per share of $2.35 for the quarter, up from their previous estimate of $2.30. The consensus estimate for Royal Bank of Canada's current full-year earnings is $9.16 per share.

Other research analysts have also recently issued reports about the stock. Cibc World Mkts raised shares of Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 3rd. StockNews.com raised shares of Royal Bank of Canada from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. CIBC raised shares of Royal Bank of Canada from a "neutral" rating to a "sector outperform" rating in a research report on Friday, April 4th. Finally, Scotiabank initiated coverage on Royal Bank of Canada in a research note on Thursday, May 15th. They set a "sector outperform" rating for the company. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $156.50.

Royal Bank of Canada Stock Down 0.6%

Royal Bank of Canada stock traded down $0.70 during midday trading on Monday, hitting $126.44. 1,619,863 shares of the company were exchanged, compared to its average volume of 1,120,657. The company has a market cap of $178.84 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 1.80 and a beta of 0.89. Royal Bank of Canada has a fifty-two week low of $102.44 and a fifty-two week high of $128.05. The company's fifty day moving average price is $116.31 and its 200-day moving average price is $119.37. 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 Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, April 24th will be issued a dividend of $1.0251 per share. This represents a $4.10 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Thursday, April 24th. Royal Bank of Canada's dividend payout ratio is presently 46.18%.

Institutional Trading of Royal Bank of Canada

Institutional investors and hedge funds have recently modified their holdings of the business. Park Square Financial Group LLC acquired a new stake in Royal Bank of Canada during the fourth quarter worth about $25,000. WealthTrak Capital Management LLC acquired a new stake in shares of Royal Bank of Canada during the 4th quarter worth approximately $28,000. Roxbury Financial LLC acquired a new stake in shares of Royal Bank of Canada during the 4th quarter worth approximately $29,000. Sunbelt Securities Inc. lifted its holdings in shares of Royal Bank of Canada by 2,272.7% in the 1st quarter. Sunbelt Securities Inc. now owns 261 shares of the financial services provider's stock worth $29,000 after purchasing an additional 250 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Royal Bank of Canada during the 1st quarter valued at approximately $32,000. 45.31% of the stock is owned by institutional investors and hedge funds.

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.