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 announced a quarterly dividend on Thursday, December 5th. Shareholders of record on Monday, January 27th will be given 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 is Friday, January 24th. View Royal Bank of Canada's Dividend History.

Royal Bank of Canada announced that its Board of Directors has approved a share repurchase program on Monday, February 26th 2018, which authorizes the company to repurchase 30,000,000 shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's board believes its stock is undervalued.

Royal Bank of Canada (NYSE:RY) released its 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. 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 brokerages have issued twelve-month price targets 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.

Headlines about RY stock have trended neutral this week, according to InfoTrie Sentiment. The research firm rates the sentiment of news coverage by reviewing more than six thousand blog and news 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 media sentiment score of 0.2 on InfoTrie's scale. They also assigned headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next several days. View News Stories for Royal Bank of Canada.

Royal Bank of Canada saw a increase in short interest in the month of 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 trading volume, of 887,900 shares, the short-interest ratio is currently 5.4 days. Currently, 0.3% of the company's stock are sold short. View Royal Bank of Canada's Current Options Chain.

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 investors 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 purchased 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.