Erste Group Bank Analysts Increase Earnings Estimates for RY

Royal Bank Of Canada (NYSE:RY) (TSE:RY) – Equities research analysts at Erste Group Bank raised their FY2026 earnings per share (EPS) estimates for Royal Bank Of Canada in a report issued on Wednesday, February 18th. Erste Group Bank analyst H. Engel now forecasts that the financial services provider will post earnings per share of $11.45 for the year, up from their previous forecast of $11.33. The consensus estimate for Royal Bank Of Canada’s current full-year earnings is $9.16 per share.

RY has been the subject of several other research reports. TD Cowen raised shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research report on Thursday, December 4th. Raymond James Financial reiterated an “outperform” rating on shares of Royal Bank Of Canada in a research note on Friday, February 13th. TD Securities raised Royal Bank Of Canada from a “hold” rating to a “buy” rating in a report on Thursday, December 4th. Scotiabank restated an “outperform” rating on shares of Royal Bank Of Canada in a research note on Friday, January 9th. Finally, National Bank Financial reaffirmed an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, December 4th. Eleven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $162.00.

Royal Bank Of Canada Stock Up 1.0%

Shares of Royal Bank Of Canada stock opened at $172.47 on Monday. The company has a 50-day simple moving average of $169.68 and a two-hundred day simple moving average of $154.79. The stock has a market capitalization of $241.05 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 1.29 and a beta of 0.79. Royal Bank Of Canada has a 52-week low of $106.10 and a 52-week high of $176.19. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings results on Wednesday, December 3rd. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.25. The company had revenue of $12.27 billion for the quarter, compared to analysts’ expectations of $12.12 billion. Royal Bank Of Canada had a net margin of 14.83% and a return on equity of 16.83%. Royal Bank Of Canada’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.07 EPS.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of RY. Florida Trust Wealth Management Co grew its holdings in Royal Bank Of Canada by 2.8% in the fourth quarter. Florida Trust Wealth Management Co now owns 2,190 shares of the financial services provider’s stock valued at $373,000 after purchasing an additional 60 shares during the period. Fiduciary Financial Group LLC increased its holdings in Royal Bank Of Canada by 3.4% in the 4th quarter. Fiduciary Financial Group LLC now owns 1,879 shares of the financial services provider’s stock valued at $320,000 after purchasing an additional 61 shares in the last quarter. Alta Capital Management LLC raised its position in Royal Bank Of Canada by 4.0% in the fourth quarter. Alta Capital Management LLC now owns 1,686 shares of the financial services provider’s stock valued at $287,000 after purchasing an additional 65 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Royal Bank Of Canada by 1.6% during the third quarter. EverSource Wealth Advisors LLC now owns 4,836 shares of the financial services provider’s stock worth $713,000 after purchasing an additional 74 shares in the last quarter. Finally, Advisory Resource Group lifted its stake in shares of Royal Bank Of Canada by 0.8% during the third quarter. Advisory Resource Group now owns 9,110 shares of the financial services provider’s stock worth $1,342,000 after purchasing an additional 75 shares in the last quarter. 45.31% of the stock is owned by hedge funds and other institutional investors.

Royal Bank Of Canada Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 24th. Investors of record on Monday, January 26th will be given a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 3.8%. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $1.54. The ex-dividend date is Monday, January 26th. Royal Bank Of Canada’s dividend payout ratio (DPR) is currently 47.66%.

Royal Bank Of Canada Company Profile

Royal Bank of Canada (NYSE: RY) is a diversified financial services company and one of Canada’s largest banks. Founded in 1864 in Halifax, Nova Scotia, the firm is now headquartered in Toronto, Ontario. It provides a broad range of banking and financial services to individuals, businesses, and institutional clients through a network of branches, digital platforms and international offices.

RBC operates across several principal business segments including personal and commercial banking, wealth management, insurance, investor and treasury services, capital markets, and global asset management.