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 dividend on an annualized basis 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 of Directors has authorized a stock buyback plan on Monday, February 26th 2018, which allows the company to repurchase 30,000,000 shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's leadership 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 28th 2020. View Earnings Estimates for Royal Bank of Canada.

8 Wall Street analysts have issued twelve-month price targets for Royal Bank of Canada's shares. Their forecasts range from $108.00 to $120.00. On average, they expect Royal Bank of Canada's stock price to reach $112.60 in the next year. This suggests a possible upside of 38.1% 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 articles about RY stock have been trending positive recently, InfoTrie Sentiment reports. The research firm identifies negative and positive press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Royal Bank of Canada earned a media sentiment score of 3.0 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Royal Bank of Canada.

Royal Bank of Canada saw a increase in short interest in December. As of December 31st, there was short interest totalling 4,420,000 shares, an increase of 9.4% from the December 15th total of 4,040,000 shares. Based on an average trading volume of 897,100 shares, the days-to-cover ratio is currently 4.9 days. Currently, 0.3% of the shares of the company are sold short. 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), Mitsubishi UFJ Financial Group (MUFG), BNP PARIBAS/S (BNPQY), Banco Santander (SAN), Westpac Banking (WBK), Lloyds Banking Group (LYG), Bank of Montreal (BMO), ANZ (ANZBY), Sumitomo Mitsui Financial Grp (SMFG), ICICI Bank (IBN), ING Groep (ING), HANG SENG BK LT/S (HSNGY), Banco Santander Brasil (BSBR) and CR AGRICOLE S A/ADR (CRARY).

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), Cisco Systems (CSCO), Bank of America (BAC) and Intel (INTC).

Royal Bank of Canada's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Cardinal Capital Management Inc. (0.08%), Hexavest Inc. (0.05%), Nexus Investment Management Inc. (0.03%), Donaldson Capital Management LLC (0.02%), JCIC Asset Management Inc. (0.01%) and CLARET ASSET MANAGEMENT Corp (0.01%).

RY stock was sold by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., Commerzbank Aktiengesellschaft FI, CLARET ASSET MANAGEMENT Corp, Hennessy Advisors Inc., JCIC Asset Management Inc., Archford Capital Strategies LLC, Gradient Investments LLC and Cypress Capital Group.

RY stock was acquired by a variety of institutional investors in the last quarter, including Hexavest Inc., Cardinal Capital Management Inc., Chemung Canal Trust Co., Nexus Investment Management Inc., Donaldson Capital Management LLC, Cerebellum GP LLC, Merit Financial Group LLC and Creative Financial Designs Inc. ADV.

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 $81.52.

Royal Bank of Canada has a market capitalization of $116.63 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]