Q2 Earnings Estimate for RY Issued By Cormark

Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY - Equities researchers at Cormark issued their Q2 2025 EPS estimates for shares of Royal Bank of Canada in a research report issued on Tuesday, May 20th. Cormark analyst L. Persaud expects that the financial services provider will post earnings of $2.25 per share for the quarter. The consensus estimate for Royal Bank of Canada's current full-year earnings is $9.16 per share.

A number of other brokerages have also weighed in on RY. Scotiabank assumed coverage on shares of Royal Bank of Canada in a research note on Thursday, May 15th. They issued a "sector outperform" rating for the company. Cibc World Mkts raised shares of Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 3rd. CIBC reaffirmed an "outperform" rating on shares of Royal Bank of Canada in a research note on Tuesday, May 20th. Finally, Wall Street Zen raised shares of Royal Bank of Canada from a "sell" rating to a "hold" rating in a research note on Friday, May 9th. Two investment 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $156.50.

Royal Bank of Canada Stock Up 1.3%

NYSE RY traded up $1.69 on Friday, reaching $128.21. The company had a trading volume of 1,355,532 shares, compared to its average volume of 1,127,749. The firm has a market capitalization of $181.33 billion, a price-to-earnings ratio of 15.52, a price-to-earnings-growth ratio of 1.80 and a beta of 0.89. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.86 and a current ratio of 0.86. Royal Bank of Canada has a 1-year low of $102.44 and a 1-year high of $128.73. The company's fifty day moving average is $117.54 and its 200-day moving average is $119.47.

Royal Bank of Canada Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th were paid a dividend of $1.0251 per share. The ex-dividend date was Thursday, April 24th. This represents a $4.10 dividend on an annualized basis and a dividend yield of 3.20%. Royal Bank of Canada's dividend payout ratio is 46.18%.

Hedge Funds Weigh In On Royal Bank of Canada

A number of large investors have recently modified their holdings of RY. HB Wealth Management LLC boosted its stake in shares of Royal Bank of Canada by 47.4% during the 4th quarter. HB Wealth Management LLC now owns 5,144 shares of the financial services provider's stock worth $620,000 after buying an additional 1,654 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Royal Bank of Canada by 17.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,321 shares of the financial services provider's stock valued at $159,000 after purchasing an additional 192 shares during the period. Ballentine Partners LLC raised its holdings in shares of Royal Bank of Canada by 2.2% in the 4th quarter. Ballentine Partners LLC now owns 4,308 shares of the financial services provider's stock valued at $519,000 after purchasing an additional 94 shares during the period. Brighton Jones LLC raised its holdings in shares of Royal Bank of Canada by 33.1% in the 4th quarter. Brighton Jones LLC now owns 2,313 shares of the financial services provider's stock valued at $279,000 after purchasing an additional 575 shares during the period. Finally, LexAurum Advisors LLC raised its holdings in shares of Royal Bank of Canada by 24.2% in the 4th quarter. LexAurum Advisors LLC now owns 2,422 shares of the financial services provider's stock valued at $292,000 after purchasing an additional 472 shares during the period. 45.31% of the stock is currently 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.