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. Stockholders 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 dividend 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 initiated a stock buyback program on Monday, February 26th 2018, which allows the company to repurchase 30,000,000 outstanding shares, according to EventVestor. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its stock is undervalued.

Royal Bank of Canada (NYSE:RY) announced its quarterly earnings data on Wednesday, December, 4th. The financial services provider reported $1.68 EPS for the quarter, missing the consensus estimate of $1.74 by $0.06. The financial services provider had revenue of $8.59 billion for the quarter, compared to the consensus estimate 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 brokerages have issued twelve-month price objectives for Royal Bank of Canada's shares. 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 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.

Media coverage about RY stock has trended neutral recently, InfoTrie Sentiment Analysis reports. InfoTrie ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Royal Bank of Canada earned a news sentiment score of 0.1 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect 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 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 presently 5.4 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), BNP PARIBAS/S (BNPQY), Mitsubishi UFJ Financial Group (MUFG), Banco Santander (SAN), Westpac Banking (WBK), ANZ (ANZBY), Lloyds Banking Group (LYG), 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) and Barclays (BCS).

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 Johnson & Johnson (JNJ).

Royal Bank of Canada's stock is owned by a number of of retail and institutional 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, Alberta Investment Management Corp, Toronto Dominion Bank and DekaBank Deutsche Girozentrale.

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., Intact Investment Management Inc. and Cardinal Capital Management Inc..

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 $116.30 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]