Barclays reissued their sell rating on shares of Royal Bank of Canada (NYSE:RY) (TSE:RY) in a research report sent to investors on Friday.

RY has been the subject of several other reports. Zacks Investment Research lowered Royal Bank of Canada from a hold rating to a sell rating in a research report on Tuesday, August 14th. ValuEngine raised Royal Bank of Canada from a sell rating to a hold rating in a research report on Thursday, August 23rd. Scotia Howard Weill raised Royal Bank of Canada from a sector perform rating to a sector outperform rating in a research report on Monday, September 10th. Scotiabank raised Royal Bank of Canada from a sector perform rating to an outperform rating in a research report on Monday, September 10th. Finally, Howard Weil raised Royal Bank of Canada from a sector perform rating to a sector outperform rating in a research report on Monday, September 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. Royal Bank of Canada presently has an average rating of Hold and a consensus target price of $97.20.

Shares of NYSE RY opened at $71.91 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market cap of $104.38 billion, a price-to-earnings ratio of 11.87, a PEG ratio of 1.36 and a beta of 1.14. Royal Bank of Canada has a twelve month low of $71.01 and a twelve month high of $87.10.

Royal Bank of Canada (NYSE:RY) (TSE:RY) last released its quarterly earnings results on Wednesday, August 22nd. The financial services provider reported $1.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.62 by $0.04. The firm had revenue of $8.54 billion during the quarter, compared to analyst estimates of $8.39 billion. Royal Bank of Canada had a return on equity of 18.11% and a net margin of 21.48%. Research analysts expect that Royal Bank of Canada will post 6.52 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 23rd. Stockholders of record on Thursday, October 25th will be given a $0.753 dividend. This represents a $3.01 annualized dividend and a dividend yield of 4.19%. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $0.73. The ex-dividend date of this dividend is Wednesday, October 24th. Royal Bank of Canada’s payout ratio is presently 50.17%.

A number of large investors have recently made changes to their positions in RY. Honkamp Krueger Financial Services Inc. acquired a new position in Royal Bank of Canada during the 3rd quarter valued at about $120,000. Advisors Asset Management Inc. increased its position in Royal Bank of Canada by 154.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 1,888 shares of the financial services provider’s stock valued at $142,000 after buying an additional 1,146 shares in the last quarter. Cornerstone Wealth Management LLC acquired a new position in Royal Bank of Canada during the 2nd quarter valued at about $154,000. Cypress Capital Management LLC acquired a new position in Royal Bank of Canada during the 3rd quarter valued at about $200,000. Finally, ELCO Management Co. LLC acquired a new position in Royal Bank of Canada during the 3rd quarter valued at about $200,000. 40.36% of the stock is currently owned by institutional investors.

About Royal Bank of Canada

Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers personal and business banking services, as well as auto financing and retail investment products. This segment also provides a suite of financial products and services to individual, business clients, and public institutions through its branch, automated teller machines, online, mobile, and telephone banking networks, as well as through sales professionals.

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Analyst Recommendations for Royal Bank of Canada (NYSE:RY)

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