Royal Bank Of Canada (NYSE:RY) Receives Average Rating of “Moderate Buy” from Analysts

Royal Bank Of Canada (NYSE:RY) (TSE:RY) has received an average rating of “Moderate Buy” from the seventeen research firms that are covering the company, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, eleven have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $162.00.

A number of equities research analysts have recently issued reports on the company. National Bankshares restated an “outperform” rating on shares of Royal Bank Of Canada in a report on Thursday, December 4th. Jefferies Financial Group cut Royal Bank Of Canada from a “buy” rating to a “hold” rating in a report on Tuesday, November 25th. TD Cowen raised Royal Bank Of Canada from a “hold” rating to a “buy” rating in a report on Thursday, December 4th. TD Securities raised Royal Bank Of Canada from a “hold” rating to a “buy” rating in a report on Thursday, December 4th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Royal Bank Of Canada in a research report on Thursday, January 22nd.

Institutional Investors Weigh In On Royal Bank Of Canada

Institutional investors have recently made changes to their positions in the stock. Tradewinds Capital Management LLC bought a new position in Royal Bank Of Canada during the 4th quarter worth $26,000. Johnson Financial Group Inc. bought a new position in shares of Royal Bank Of Canada in the third quarter worth $27,000. Toth Financial Advisory Corp acquired a new position in Royal Bank Of Canada in the third quarter valued at about $29,000. True Wealth Design LLC acquired a new position in Royal Bank Of Canada in the third quarter valued at about $31,000. Finally, Highline Wealth Partners LLC grew its stake in Royal Bank Of Canada by 75.4% during the fourth quarter. Highline Wealth Partners LLC now owns 207 shares of the financial services provider’s stock worth $35,000 after buying an additional 89 shares in the last quarter. 45.31% of the stock is currently owned by institutional investors.

Royal Bank Of Canada Trading Down 1.3%

RY stock opened at $166.59 on Thursday. Royal Bank Of Canada has a one year low of $106.10 and a one year high of $174.61. The stock has a market cap of $232.82 billion, a price-to-earnings ratio of 16.61, a price-to-earnings-growth ratio of 1.21 and a beta of 0.79. The company has a fifty day moving average price of $165.19 and a two-hundred day moving average price of $149.98. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.81 and a quick ratio of 0.81.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last posted its 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 during 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 quarterly revenue was up 14.2% compared to the same quarter last year. During the same quarter last year, the company posted $3.07 EPS. Equities analysts anticipate that Royal Bank Of Canada will post 9.16 EPS for the current year.

Royal Bank Of Canada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, February 24th. Shareholders 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 dividend yield of 3.9%. The ex-dividend date is Monday, January 26th. This is a boost from Royal Bank Of Canada’s previous quarterly dividend of $1.54. Royal Bank Of Canada’s dividend payout ratio (DPR) is currently 47.66%.

About Royal Bank Of Canada

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.