Should I buy or sell Royal Bank of Canada stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" RY shares. View RY analyst ratings or view top-rated stocks .

What is Royal Bank of Canada's stock price target for 2024?

6 analysts have issued 12-month price objectives for Royal Bank of Canada's stock. Their RY share price targets range from $124.00 to $150.00. On average, they predict the company's stock price to reach $137.67 in the next twelve months. This suggests a possible upside of 42.8% from the stock's current price. View analysts price targets for RY or view top-rated stocks among Wall Street analysts .

How have RY shares performed in 2024?

Royal Bank of Canada's stock was trading at $101.13 at the beginning of 2024. Since then, RY shares have decreased by 4.7% and is now trading at $96.40. View the best growth stocks for 2024 here .

Are investors shorting Royal Bank of Canada?

Royal Bank of Canada saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 11,910,000 shares, an increase of 24.7% from the March 15th total of 9,550,000 shares. Based on an average daily volume of 1,230,000 shares, the short-interest ratio is currently 9.7 days. Currently, 0.8% of the shares of the company are sold short. View Royal Bank of Canada's Short Interest .

When is Royal Bank of Canada's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 23rd 2024. View our RY earnings forecast .

How were Royal Bank of Canada's earnings last quarter?

Royal Bank of Canada (NYSE:RY) posted its earnings results on Wednesday, February, 28th. The financial services provider reported $2.11 EPS for the quarter, beating analysts' consensus estimates of $2.06 by $0.05. The financial services provider earned $9.98 billion during the quarter, compared to analysts' expectations of $10.10 billion. Royal Bank of Canada had a net margin of 12.43% and a trailing twelve-month return on equity of 14.74%.

How often does Royal Bank of Canada pay dividends? What is the dividend yield for Royal Bank of Canada?

Royal Bank of Canada announced a quarterly dividend on Thursday, February 29th. Shareholders of record on Thursday, April 25th will be paid a dividend of $1.0207 per share on Friday, May 24th. This represents a $4.08 annualized dividend and a dividend yield of 4.24%. The ex-dividend date is Wednesday, April 24th. This is a positive change from the stock's previous quarterly dividend of $1.02. Read our dividend analysis for RY .

Is Royal Bank of Canada a good dividend stock?

Royal Bank of Canada (NYSE:RY) pays an annual dividend of $2.99 per share and currently has a dividend yield of 3.03%. The dividend payout ratio is 37.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RY will have a dividend payout ratio of 32.43% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for RY .

What ETFs hold Royal Bank of Canada's stock?

ETFs with the largest weight of Royal Bank of Canada (NYSE:RY) stock in their portfolio include JPMorgan BetaBuilders Canada ETF (BBCA) , Invesco International Dividend Achievers ETF (PID) , USCF Dividend Income Fund (UDI) , FlexShares International Quality Dividend Index Fund (IQDF) , BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD) , FlexShares International Quality Dividend Defensive Index Fund (IQDE) , FlexShares International Quality Dividend Dynamic Index Fund (IQDY) and iShares Global Financials ETF (IXG) .

What other stocks do shareholders of Royal Bank of Canada own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Royal Bank of Canada investors own include Toronto-Dominion Bank (TD) , AbbVie (ABBV) , AT&T (T) , Johnson & Johnson (JNJ) , Cisco Systems (CSCO) , Bank of America (BAC) , Bank of Nova Scotia (BNS) , Pfizer (PFE) , JPMorgan Chase & Co. (JPM) and Walt Disney (DIS) .

Who are Royal Bank of Canada's major shareholders?

Royal Bank of Canada's stock is owned by many different institutional and retail investors. Top institutional investors include Cardinal Capital Management Inc. (0.08%), Addenda Capital Inc. (0.06%), Miller Howard Investments Inc. NY (0.04%), Nexus Investment Management ULC (0.04%), NBC Securities Inc. (0.03%) and Hennessy Advisors Inc. (0.00%).

How do I buy shares of Royal Bank of Canada?

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

Does Royal Bank of Canada have any subsidiaries?

The following companies are subsidiares of Royal Bank of Canada: Abacus Financial Services Group Limited, Admiralty Bancorp Inc., Alabama National BanCorporation, American Guaranty & Trust, BlueBay Asset Management, Brewin Dolphin, Business Men’s Assurance Company, Capital Funding Alberta Limited, Centura Banks Inc., City National Bank, City National Corporation, Credit Suisse Private Banking North America, Dain Rauscher, Daniels & Associates L.P., Eagle Bancshares Inc., Ferris Baker Watts Incorporated, Flag Financial Corporation, Investment Holdings (Cayman) Limited, J.B. Hanauer & Co., Liberty Insurance Services Corporation, Liberty Life Insurance Company, Mourant Private Wealth, Phillips Hager & North Investment Management Ltd., Prism Financial, Provident Financial Group Inc., R.B.C. Holdings (Bahamas) Limited, RBC (Barbados) Funding Ltd., RBC (Barbados) Trading Bank Corporation, RBC Capital Markets LLC, RBC Caribbean Investments Limited, RBC Direct Investing Inc., RBC Dominion Securities Inc., RBC Dominion Securities Limited, RBC Europe Limited, RBC Global Asset Management Inc., RBC Insurance Holdings Inc, RBC Investor Services Bank S.A., RBC Investor Services Trust, RBC Life Insurance Company, RBC U.S. Group Holdings LLC, RBC USA Holdco Corporation, RBTT Financial Group, Richardson Barr & Co., Richardson Greenshields, Royal Bank Holding Inc., Royal Bank Mortgage Corporation, Royal Bank of Canada Insurance Company Ltd., Royal Trust, Royal Trust Corporation of Canada, Seasongood & Mayer LLC, Security First Network Bank, Sterling Capital Mortgage Company, The Royal Trust Company, Tucker Anthony Sutro Corporation, Voyageur Insurance Company, WayPay, Westbury Canadian Life Insurance Company, and William R. Hough & Co. Inc.. Read More

NYSE:RY

Royal Bank of Canada (RY) Stock Price, News & Analysis

→ Your eBook: Mastering Earnings Announcements Trading (From StockEarnings) (Ad)

Free RY Stock Alerts

$96.66

-1.26 (-1.29%)

(As of 03:09 PM ET)

Compare

Today's Range: $96.20
▼
$97.42
50-Day Range: $94.70
▼
$103.06
52-Week Range: $77.90
▼
$103.88

Volume: 517,516 shs
Average Volume: 1.19 million shs
Market Capitalization: $136.74 billion

P/E Ratio: 12.17
Dividend Yield: 3.09%
Price Target: $137.67

Get Royal Bank of Canada alerts:

Royal Bank of Canada MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 42.8% Upside
$137.67 Price Target
Short Interest: Bearish
0.84% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.43
Upright™ Environmental Score
News Sentiment: 0.42
Based on 11 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 8.47%
From $8.50 to $9.22 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.36 out of 5 stars

Finance Sector

219th out of 852 stocks

Commercial Banks, Not Elsewhere Classified Industry

9th out of 28 stocks

3.3

Analyst's Opinion

Consensus Rating
Royal Bank of Canada has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Royal Bank of Canada has only been the subject of 3 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
0.84% of the float of Royal Bank of Canada has been sold short.
Short Interest Ratio / Days to Cover
Royal Bank of Canada has a short interest ratio ("days to cover") of 9.7.
Change versus previous month
Short interest in Royal Bank of Canada has recently increased by 24.71%, indicating that investor sentiment is decreasing significantly.

2.5

Dividend Strength

Dividend Yield
Royal Bank of Canada pays a meaningful dividend of 3.03%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Royal Bank of Canada does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Royal Bank of Canada is 37.66%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Royal Bank of Canada will have a dividend payout ratio of 32.43% next year. This indicates that Royal Bank of Canada will be able to sustain or increase its dividend.

3.0

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Royal Bank of Canada has received a 27.11% net impact score from Upright. Royal Bank of Canada seems to create the most significant positive value in categories "Taxes", "Societal infrastructure", and "Jobs". The positive contribution in the "Societal infrastructure" impact category is mostly driven by its "Pension funding services", "Mortgages", "Commercial deposit accounts", and "Consumer deposit accounts" products. See details.
Environmental Sustainability
The Environmental Impact score for Royal Bank of Canada is -0.43.

1.9

News and Social Media Coverage

News Sentiment
Royal Bank of Canada has a news sentiment score of 0.42. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 11 news articles for Royal Bank of Canada this week, compared to 8 articles on an average week.
Search Interest
Only 25 people have searched for RY on MarketBeat in the last 30 days. This is a decrease of -22% compared to the previous 30 days.
MarketBeat Follows
Only 9 people have added Royal Bank of Canada to their MarketBeat watchlist in the last 30 days. This is a decrease of -53% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Royal Bank of Canada insiders have not sold or bought any company stock.
Percentage Held by Institutions
45.31% of the stock of Royal Bank of Canada is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Royal Bank of Canada are expected to grow by 8.47% in the coming year, from $8.50 to $9.22 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Royal Bank of Canada is 12.14, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.63.
Price to Earnings Ratio vs. Sector
The P/E ratio of Royal Bank of Canada is 12.14, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 59.36.
Price to Earnings Growth Ratio
Royal Bank of Canada has a PEG Ratio of 1.69. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Royal Bank of Canada has a P/B Ratio of 1.65. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Ad StockEarnings

Your eBook: Mastering Earnings Announcements Trading

Trading around earnings announcements (Pre-Earnings, Into-Earnings, and Post-Earnings) provides a unique trading opportunity. That is because trading around earnings announcements presents short-term trading opportunities (these are great because they don’t tie your money up for very long).

Click Here to Claim Your FREE The Ultimate Strategy Guide To Trade Earnings E-Book .

About Royal Bank of Canada Stock (NYSE:RY)

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. This segment offers financial products and services through branches, automated teller machines, and mobile sales network. Its Wealth Management segment provides a suite of wealth, investment, trust, banking, credit, and other advice-based solutions and strategies to high net worth and ultra-high net worth individuals, and institutional clients; asset management products to institutional and individual clients; and asset and investor services to financial institutions, asset managers, and asset owners. The company's Insurance segment offers life, health, home, auto, travel, wealth, annuities, property and casualty, and reinsurance advice and solutions; and business insurance services to individual, business, and group clients through its advice centers, RBC insurance stores, and mobile advisors; digital platforms; and independent brokers and partners. The company's Capital Markets segment offers advisory and origination, sales and trading, lending and financing, and transaction banking services to corporations, institutional clients, asset managers, private equity firms, and governments. The company was founded in 1864 and is headquartered in Toronto, Canada.

RY Stock Price History

30 days | 90 days | 365 days | Advanced Chart

RY Stock News Headlines

April 11, 2024 | marketbeat.com

Taylor Morrison: A Home Building Stock You Can Buy at a Discount (RY)

Taylor Morrison stock is one homebuilder stock that still has some upside left to it, analysts like the way fundamentals have developed.

April 1, 2024 | marketbeat.com

This Underrated Natural Gas Stock Could Rally Double-Digits Soon (RY)

As demand for natural gas could make its prices catch up to oil, this stock is the clear choice for institutions to consider buying for double-digit upside

April 16, 2024 | StockEarnings (Ad)

Your eBook: Mastering Earnings Announcements Trading

April 12, 2024 | finance.yahoo.com

RBC Global Asset Management Inc. announces March sales results for RBC Funds, RBC Private Pools, RBC Alternative Funds and PH&N Funds

April 12, 2024 | financialpost.com

Canada’s AAA Credit Rating at Risk From Deeper Deficit, RBC Says

April 12, 2024 | americanbankingnews.com

Royal Bank of Canada (NYSE:RY) Given Average Rating of "Moderate Buy" by Analysts

April 11, 2024 | msn.com

The firing of RBC’s CFO shines a fresh spotlight on office relationships: ‘This kind of behavior happens more often than you realize’

April 11, 2024 | finance.yahoo.com

Investing in Royal Bank of Canada (TSE:RY) five years ago would have delivered you a 59% gain

April 16, 2024 | StockEarnings (Ad)

Your eBook: Mastering Earnings Announcements Trading

April 11, 2024 | finance.yahoo.com

The firing of RBC‘s CFO shines a fresh spotlight on office relationships: ‘This kind of behavior happens more often than you realize’

April 9, 2024 | msn.com

Who is Nadine Ahn? 7 points on ex-CFO of Royal Bank Of Canada fired over 'undisclosed relationship'

April 8, 2024 | financialpost.com

Shock Exit of CFO Ahn Comes at Crucial Time for Canada’s Largest Bank

April 8, 2024 | ca.finance.yahoo.com

Paul Deegan: Dismissal of Royal Bank CFO is no run-of-the-mill firing

April 8, 2024 | nypost.com

Royal Bank of Canada fires finance boss over undisclosed relationship

April 7, 2024 | gurufocus.com

Gold Hits New Peaks, Oil Hedges Costlier Amid Bull Market

April 6, 2024 | americanbankingnews.com

Royal Bank of Canada (NYSE:RY) Reaches New 52-Week High at $102.12

April 6, 2024 | americanbankingnews.com

Royal Bank of Canada (NYSE:RY) Upgraded to "Outperform" at BMO Capital Markets

April 6, 2024 | financialpost.com

RBC Fires CFO Ahn After Probe Into Personal Relationship

April 5, 2024 | financialpost.com

Canadian banks risk falling behind global peers under new capital rules, RBC's McKay warns

April 5, 2024 | reuters.com

Canada equity, debt deals surge in first quarter, but M&A skids

April 4, 2024 | markets.businessinsider.com

Buy Rating Affirmed for Royal Bank of Canada on Strategic Acquisitions and Market Leadership

April 4, 2024 | ca.finance.yahoo.com

Tighter capital rules could leave Canadian banks uncompetitive, RBC's McKay warns

April 3, 2024 | finance.yahoo.com

NYC Pensions Reach Deal With RBC to Publish Green-Funding Ratio

April 1, 2024 | financialpost.com

HSBC Canada branches reopen under RBC brand with takeover complete

March 30, 2024 | msn.com

Completion of HSBC’s Sale of Canadian Unit to RBC

March 29, 2024 | finance.yahoo.com

HSBC Global Asset Management (Canada) Limited is renamed RBC Indigo Asset Management Inc. and announces fund name changes and capping of certain funds and series

March 26, 2024 | seekingalpha.com

Royal Bank of Canada (RY) CEO Derek Neldner presents at National Bank Financial's 22nd Annual Financial Services Conference (Transcript)

See More Headlines

Receive RY Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Royal Bank of Canada and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Ex-Dividend for 2/23 Dividend: 1/24/2024
Dividend Payable: 2/23/2024
Last Earnings: 2/28/2024
Today: 4/16/2024
Ex-Dividend for 5/24 Dividend: 4/24/2024
Next Earnings (Estimated): 5/23/2024
Dividend Payable: 5/24/2024
Fiscal Year End: 10/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Commercial banks, not elsewhere classified
Sub-Industry: N/A
Current Symbol: NYSE:RY
CUSIP: N/A
CIK: 1000275
Web: www.rbc.com
Phone: (888) 212-5533
Fax: 416-955-7800
Employees: 91,398
Year Founded: 1896

Price Target and Rating

Average Stock Price Target: $137.67
High Stock Price Target: $150.00
Low Stock Price Target: $124.00
Potential Upside/Downside: +40.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 6 Analysts

Profitability

EPS (Most Recent Fiscal Year): $7.94
Trailing P/E Ratio: 12.33
Forward P/E Ratio: 11.52
P/E Growth: 1.69
Net Income: $11.02 billion
Net Margins: 12.43%
Pretax Margin: 14.26%
Return on Equity: 14.74%
Return on Assets: 0.80%

Debt

Debt-to-Equity Ratio: 0.11
Current Ratio: 0.89
Quick Ratio: 0.89

Sales & Book Value

Annual Sales: $87.48 billion
Price / Sales: 1.58
Cash Flow: $9.94 per share
Price / Cash Flow: 9.85
Book Value: $58.30 per share
Price / Book: 1.68

Miscellaneous

Outstanding Shares: 1,414,690,000
Free Float: N/A
Market Cap: $138.53 billion
Optionable: Optionable
Beta: 0.86

Social Links

13 Stocks Institutional Investors Won't Stop Buying

Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.

Get This Free Report

Key Executives

Mr. David I. McKay (Age 61)
President, CEO & Director
Comp: $3.14M
Ms. Nadine Ahn (Age 53)
Chief Financial Officer
Comp: $1.2M
Mr. Douglas Antony Guzman
Group Head of RBC Wealth Management & RBC Insurance
Mr. Neil McLaughlin
Group Head of Personal & Commercial Banking
Mr. Derek Neldner CFA
Group Head & CEO of RBC Capital Markets
Mr. Bruce Ross
Group Head of Technology & Operations
Ms. Maria Douvas
Chief Legal & Administrative Officer
Mr. Asim Imran
VP & Head of Investor Relations
Ms. Amy Cairncross
Senior Vice President of Communications
Ms. Kelly Pereira
Chief Human Resources Officer

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

Should I Buy Royal Bank of Canada Stock? RY Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Royal Bank of Canada:

Strong institutional investor ownership, indicating confidence in the company's performance and stability.
Consistent growth in position by major financial institutions like Norges Bank and TD Asset Management Inc, reflecting positive outlook on the company's future prospects.
Diversified financial services offered globally, providing stability and potential for revenue growth across different markets and sectors.
Recent increase in stock price, suggesting positive market sentiment and potential for capital appreciation.
Robust financial performance and market position, positioning the company as a reliable investment option in the financial services sector.

Cons

Investors should be bearish about investing in Royal Bank of Canada for these reasons:

High competition in the financial services industry, leading to potential margin pressures and challenges in market share growth.
Market volatility and economic uncertainties may impact the company's financial performance and stock price in the short term.
Regulatory changes and compliance requirements could increase operational costs and affect profitability.
Dependency on interest rates and economic conditions, exposing the company to risks associated with fluctuations in interest rates and market conditions.
Potential impact of global events and geopolitical factors on the company's operations and financial stability.

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these Royal Bank of Canada pros and cons to contact@marketbeat.com.

RY Stock Analysis - Frequently Asked Questions

Should I buy or sell Royal Bank of Canada stock right now?: 6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Royal Bank of Canada in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" RY shares.
View RY analyst ratings or view top-rated stocks.
What is Royal Bank of Canada's stock price target for 2024?: 6 analysts have issued 12-month price objectives for Royal Bank of Canada's stock. Their RY share price targets range from $124.00 to $150.00. On average, they predict the company's stock price to reach $137.67 in the next twelve months. This suggests a possible upside of 42.8% from the stock's current price.
View analysts price targets for RY or view top-rated stocks among Wall Street analysts.
How have RY shares performed in 2024?: Royal Bank of Canada's stock was trading at $101.13 at the beginning of 2024. Since then, RY shares have decreased by 4.7% and is now trading at $96.40.
View the best growth stocks for 2024 here.
Are investors shorting Royal Bank of Canada?: Royal Bank of Canada saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 11,910,000 shares, an increase of 24.7% from the March 15th total of 9,550,000 shares. Based on an average daily volume of 1,230,000 shares, the short-interest ratio is currently 9.7 days. Currently, 0.8% of the shares of the company are sold short.
View Royal Bank of Canada's Short Interest.
When is Royal Bank of Canada's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 23rd 2024.
View our RY earnings forecast.
How were Royal Bank of Canada's earnings last quarter?: Royal Bank of Canada (NYSE:RY) posted its earnings results on Wednesday, February, 28th. The financial services provider reported $2.11 EPS for the quarter, beating analysts' consensus estimates of $2.06 by $0.05. The financial services provider earned $9.98 billion during the quarter, compared to analysts' expectations of $10.10 billion. Royal Bank of Canada had a net margin of 12.43% and a trailing twelve-month return on equity of 14.74%.
How often does Royal Bank of Canada pay dividends? What is the dividend yield for Royal Bank of Canada?: Royal Bank of Canada announced a quarterly dividend on Thursday, February 29th. Shareholders of record on Thursday, April 25th will be paid a dividend of $1.0207 per share on Friday, May 24th. This represents a $4.08 annualized dividend and a dividend yield of 4.24%. The ex-dividend date is Wednesday, April 24th. This is a positive change from the stock's previous quarterly dividend of $1.02.
Read our dividend analysis for RY.

Is Royal Bank of Canada a good dividend stock?: Royal Bank of Canada (NYSE:RY) pays an annual dividend of $2.99 per share and currently has a dividend yield of 3.03%. The dividend payout ratio is 37.66%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RY will have a dividend payout ratio of 32.43% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RY.
What ETFs hold Royal Bank of Canada's stock?: ETFs with the largest weight of Royal Bank of Canada (NYSE:RY) stock in their portfolio include JPMorgan BetaBuilders Canada ETF (BBCA), Invesco International Dividend Achievers ETF (PID), USCF Dividend Income Fund (UDI), FlexShares International Quality Dividend Index Fund (IQDF), BlackRock World ex U.S. Carbon Transition Readiness ETF (LCTD), FlexShares International Quality Dividend Defensive Index Fund (IQDE), FlexShares International Quality Dividend Dynamic Index Fund (IQDY) and iShares Global Financials ETF (IXG).
What other stocks do shareholders of Royal Bank of Canada own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Royal Bank of Canada investors own include Toronto-Dominion Bank (TD), AbbVie (ABBV), AT&T (T), Johnson & Johnson (JNJ), Cisco Systems (CSCO), Bank of America (BAC), Bank of Nova Scotia (BNS), Pfizer (PFE), JPMorgan Chase & Co. (JPM) and Walt Disney (DIS).
Who are Royal Bank of Canada's major shareholders?: Royal Bank of Canada's stock is owned by many different institutional and retail investors. Top institutional investors include Cardinal Capital Management Inc. (0.08%), Addenda Capital Inc. (0.06%), Miller Howard Investments Inc. NY (0.04%), Nexus Investment Management ULC (0.04%), NBC Securities Inc. (0.03%) and Hennessy Advisors Inc. (0.00%).
How do I buy shares of Royal Bank of Canada?: Shares of RY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.
Does Royal Bank of Canada have any subsidiaries?: The following companies are subsidiares of Royal Bank of Canada: Abacus Financial Services Group Limited, Admiralty Bancorp Inc., Alabama National BanCorporation, American Guaranty & Trust, BlueBay Asset Management, Brewin Dolphin, Business Men’s Assurance Company, Capital Funding Alberta Limited, Centura Banks Inc., City National Bank, City National Corporation, Credit Suisse Private Banking North America, Dain Rauscher, Daniels & Associates L.P., Eagle Bancshares Inc., Ferris Baker Watts Incorporated, Flag Financial Corporation, Investment Holdings (Cayman) Limited, J.B. Hanauer & Co., Liberty Insurance Services Corporation, Liberty Life Insurance Company, Mourant Private Wealth, Phillips Hager & North Investment Management Ltd., Prism Financial, Provident Financial Group Inc., R.B.C. Holdings (Bahamas) Limited, RBC (Barbados) Funding Ltd., RBC (Barbados) Trading Bank Corporation, RBC Capital Markets LLC, RBC Caribbean Investments Limited, RBC Direct Investing Inc., RBC Dominion Securities Inc., RBC Dominion Securities Limited, RBC Europe Limited, RBC Global Asset Management Inc., RBC Insurance Holdings Inc, RBC Investor Services Bank S.A., RBC Investor Services Trust, RBC Life Insurance Company, RBC U.S. Group Holdings LLC, RBC USA Holdco Corporation, RBTT Financial Group, Richardson Barr & Co., Richardson Greenshields, Royal Bank Holding Inc., Royal Bank Mortgage Corporation, Royal Bank of Canada Insurance Company Ltd., Royal Trust, Royal Trust Corporation of Canada, Seasongood & Mayer LLC, Security First Network Bank, Sterling Capital Mortgage Company, The Royal Trust Company, Tucker Anthony Sutro Corporation, Voyageur Insurance Company, WayPay, Westbury Canadian Life Insurance Company, and William R. Hough & Co. Inc..
Read More

This page (NYSE:RY) was last updated on 4/16/2024 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access Free

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your 30-Day Free Trial

Royal Bank of Canada (RY) Stock Price, News & Analysis

Royal Bank of Canada MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Royal Bank of Canada Stock (NYSE:RY)

RY Stock Price History

RY Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

Should I Buy Royal Bank of Canada Stock? RY Pros and Cons Explained

Pros

Cons

RY Stock Analysis - Frequently Asked Questions

Overall MarketRank^™