Royal Bank of Canada (NYSE:RY - Get Free Report) TSE: RY is anticipated to issue its Q2 2025 quarterly earnings data before the market opens on Thursday, May 29th. Analysts expect Royal Bank of Canada to post earnings of $2.18 per share and revenue of $15.77 billion for the quarter.
Royal Bank of Canada Trading Up 0.1%
Shares of RY stock traded up $0.11 during mid-day trading on Tuesday, reaching $128.54. The stock had a trading volume of 1,246,754 shares, compared to its average volume of 1,128,618. The stock's 50-day moving average price is $118.11 and its two-hundred day moving average price is $119.56. Royal Bank of Canada has a 52-week low of $102.44 and a 52-week high of $129.42. The firm has a market capitalization of $181.81 billion, a PE ratio of 15.56, a price-to-earnings-growth ratio of 1.80 and a beta of 0.89. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.11.
Royal Bank of Canada Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th were issued 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 3.19%. Royal Bank of Canada's dividend payout ratio is currently 46.18%.
Hedge Funds Weigh In On Royal Bank of Canada
An institutional investor recently raised its position in Royal Bank of Canada stock. AQR Capital Management LLC increased its stake in Royal Bank of Canada (NYSE:RY - Free Report) TSE: RY by 60.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,779 shares of the financial services provider's stock after purchasing an additional 4,460 shares during the quarter. AQR Capital Management LLC's holdings in Royal Bank of Canada were worth $1,321,000 at the end of the most recent quarter. Institutional investors own 45.31% of the company's stock.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on RY shares. Scotiabank began coverage on shares of Royal Bank of Canada in a research report on Thursday, May 15th. They set a "sector outperform" rating on the stock. CIBC reiterated an "outperform" rating on shares of Royal Bank of Canada in a report on Tuesday, May 20th. Wall Street Zen raised Royal Bank of Canada from a "sell" rating to a "hold" rating in a research report on Friday, May 9th. Finally, Cibc World Mkts upgraded Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 3rd. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Royal Bank of Canada presently has an average rating of "Moderate Buy" and an average price target of $156.50.
Check Out Our Latest Stock Analysis on Royal Bank of Canada
Royal Bank of Canada Company Profile
(
Get Free Report)
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.
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