Q1 EPS Estimates for RY Decreased by National Bank Financial

Royal Bank of Canada (NYSE:RY) (TSE:RY) – Research analysts at National Bank Financial reduced their Q1 2025 earnings per share estimates for shares of Royal Bank of Canada in a report issued on Monday, February 17th. National Bank Financial analyst G. Dechaine now forecasts that the financial services provider will earn $2.30 per share for the quarter, down from their prior forecast of $2.33. The consensus estimate for Royal Bank of Canada’s current full-year earnings is $9.20 per share. National Bank Financial also issued estimates for Royal Bank of Canada’s Q2 2025 earnings at $2.24 EPS, Q3 2025 earnings at $2.33 EPS, Q4 2025 earnings at $2.35 EPS and FY2025 earnings at $9.22 EPS.

RY has been the subject of a number of other reports. Barclays raised Royal Bank of Canada from an “equal weight” rating to an “overweight” rating in a research note on Thursday, November 21st. BMO Capital Markets lowered their target price on Royal Bank of Canada from $195.00 to $193.00 and set an “outperform” rating for the company in a research note on Thursday, December 5th. TD Securities cut Royal Bank of Canada from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, StockNews.com cut Royal Bank of Canada from a “hold” rating to a “sell” rating in a research note on Wednesday, January 1st. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Royal Bank of Canada currently has a consensus rating of “Moderate Buy” and an average price target of $156.50.

Royal Bank of Canada Price Performance

Shares of RY opened at $120.89 on Wednesday. The stock has a 50 day simple moving average of $120.82 and a 200 day simple moving average of $121.03. Royal Bank of Canada has a 52-week low of $95.84 and a 52-week high of $128.05. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market capitalization of $170.98 billion, a PE ratio of 14.64, a P/E/G ratio of 1.78 and a beta of 0.87.

Royal Bank of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Monday, January 27th will be paid a dividend of $1.0522 per share. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $1.03. This represents a $4.21 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Monday, January 27th. Royal Bank of Canada’s dividend payout ratio (DPR) is currently 49.76%.

Hedge Funds Weigh In On Royal Bank of Canada

Hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its stake in shares of Royal Bank of Canada by 6.3% in the third quarter. PNC Financial Services Group Inc. now owns 84,045 shares of the financial services provider’s stock valued at $10,483,000 after buying an additional 4,980 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Royal Bank of Canada by 0.9% in the third quarter. CIBC Asset Management Inc now owns 13,622,472 shares of the financial services provider’s stock valued at $1,706,833,000 after buying an additional 124,348 shares in the last quarter. Algert Global LLC bought a new position in shares of Royal Bank of Canada in the third quarter valued at $706,000. Bridgewater Associates LP grew its stake in shares of Royal Bank of Canada by 150.7% in the third quarter. Bridgewater Associates LP now owns 74,025 shares of the financial services provider’s stock valued at $9,249,000 after buying an additional 44,494 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Royal Bank of Canada by 9.3% in the third quarter. Geode Capital Management LLC now owns 6,390,914 shares of the financial services provider’s stock valued at $805,616,000 after buying an additional 541,760 shares in the last quarter. 45.31% of the stock is owned by institutional investors.

About Royal Bank of Canada

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.