NYSE:RY - Royal Bank of Canada Stock Price, Forecast & News

Royal Bank of Canada trades on the New York Stock Exchange (NYSE) under the ticker symbol "RY."

Royal Bank of Canada declared a quarterly dividend on Thursday, December 5th. Shareholders of record on Monday, January 27th will be paid a dividend of $0.7897 per share on Monday, February 24th. This represents a $3.16 annualized dividend and a yield of 3.87%. The ex-dividend date of this dividend is Friday, January 24th. View Royal Bank of Canada's Dividend History.

Royal Bank of Canada declared that its board has approved a stock buyback plan on Monday, February 26th 2018, which permits the company to buyback 30,000,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Royal Bank of Canada (NYSE:RY) issued its quarterly earnings results on Wednesday, December, 4th. The financial services provider reported $1.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.74 by $0.06. The financial services provider had revenue of $8.59 billion for the quarter, compared to analyst estimates of $8.97 billion. Royal Bank of Canada had a net margin of 19.07% and a return on equity of 17.04%. View Royal Bank of Canada's Earnings History.

Royal Bank of Canada is scheduled to release their next quarterly earnings announcement on Friday, February 21st 2020. View Earnings Estimates for Royal Bank of Canada.

Royal Bank of Canada will be holding an earnings conference call on Friday, February 21st at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

8 analysts have issued 1 year target prices for Royal Bank of Canada's stock. Their forecasts range from $108.00 to $120.00. On average, they anticipate Royal Bank of Canada's stock price to reach $112.60 in the next year. This suggests a possible upside of 37.8% from the stock's current price. View Analyst Price Targets for Royal Bank of Canada.

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last year. There are currently 1 sell rating, 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Royal Bank of Canada.

News headlines about RY stock have been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Royal Bank of Canada earned a coverage optimism score of 1.8 on InfoTrie's scale. They also gave media coverage about the financial services provider a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Royal Bank of Canada.

Royal Bank of Canada saw a increase in short interest in January. As of January 31st, there was short interest totalling 4,780,000 shares, an increase of 8.1% from the January 15th total of 4,420,000 shares. Based on an average daily volume of 887,900 shares, the short-interest ratio is presently 5.4 days. Approximately 0.3% of the shares of the company are short sold. View Royal Bank of Canada's Current Options Chain.

Some companies that are related to Royal Bank of Canada include HDFC Bank (HDB), Toronto-Dominion Bank (TD), BNP PARIBAS/S (BNPQY), Mitsubishi UFJ Financial Group (MUFG), Banco Santander (SAN), Lloyds Banking Group (LYG), ANZ (ANZBY), Bank of Montreal (BMO), ICICI Bank (IBN), Sumitomo Mitsui Financial Grp (SMFG), ING Groep (ING), CR AGRICOLE S A/ADR (CRARY), HANG SENG BK LT/S (HSNGY), Barclays (BCS) and Boc Hong Kong (BHKLY).

Based on aggregate information from My MarketBeat watchlists, some companies that other Royal Bank of Canada investors own include Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), AT&T (T), AbbVie (ABBV), General Electric (GE), Pfizer (PFE), Enbridge (ENB), Bank of America (BAC), Cisco Systems (CSCO) and Intel (INTC).

Royal Bank of Canada's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include TD Asset Management Inc. (2.12%), FIL Ltd (1.52%), Toronto Dominion Bank (1.29%), Connor Clark & Lunn Investment Management Ltd. (0.95%), Great West Life Assurance Co. Can (0.86%) and Jarislowsky Fraser Ltd (0.82%).

RY stock was sold by a variety of institutional investors in the last quarter, including FIL Ltd, Acadian Asset Management LLC, Russell Investments Group Ltd., Renaissance Technologies LLC, Bank of New York Mellon Corp, Toronto Dominion Bank, DekaBank Deutsche Girozentrale and QV Investors Inc..

RY stock was bought by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Jane Street Group LLC, M&G Investment Management Ltd., BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp, Hexavest Inc., Value Partner Investments Inc., Cardinal Capital Management Inc. and Schroder Investment Management Group.

Shares of RY can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of RY stock can currently be purchased for approximately $81.71.

Royal Bank of Canada has a market capitalization of $116.58 billion and generates $50.86 billion in revenue each year. The financial services provider earns $9.68 billion in net income (profit) each year or $6.69 on an earnings per share basis. Royal Bank of Canada employs 82,801 workers across the globe.View Additional Information About Royal Bank of Canada.

The official website for Royal Bank of Canada is http://www.rbc.com/.

Royal Bank of Canada's mailing address is 200 BAY STREET, TORONTO A6, M5J2J5. The financial services provider can be reached via phone at 888-212-5533 or via email at [email protected]