Royal Bank of Canada (NYSE:RY, TSE:RY) recently disclosed its quarterly earnings, reporting an earnings per share (EPS) of $2.20. This figure fell short of the Zacks consensus estimate of $2.25 by $0.05. The financial services provider announced revenues of $11.38 billion for the quarter, which was below analyst expectations of $15.77 billion. Despite the lower-than-anticipated revenue, the company's revenue marked a 10.7% increase on a year-over-year basis. In the corresponding quarter of the previous year, Royal Bank of Canada had posted an EPS of $2.92. The bank maintained a net margin of 12.08% and achieved a return on equity of 15.26%.

On the stock market, Royal Bank of Canada's shares (RY) opened at $124.90 on a recent Friday. The company holds a significant market capitalization of $176.66 billion. Key financial ratios include a price-to-earnings (P/E) ratio of 15.12, a price-to-earnings-growth (P/E/G) ratio of 1.80, and a beta of 0.89, indicating its volatility relative to the market. The stock's 50-day moving average price stood at $118.60, while its 200-day moving average price was $119.64. Further financial health indicators show a quick ratio and a current ratio both at 0.86, and a debt-to-equity ratio of 0.11. Over the past year, Royal Bank of Canada's stock has traded within a range of $102.44 (12-month low) and $129.46 (12-month high).

Several research analysts have updated their outlooks on Royal Bank of Canada. On May 20th, CIBC reiterated an "outperform" rating for the company. Scotiabank initiated coverage on May 15th, assigning a "sector outperform" rating. Earlier, on April 3rd, Cibc World Mkts upgraded its rating on Royal Bank of Canada from "hold" to a "strong-buy". More recently, on May 9th, Wall Street Zen adjusted its rating from "sell" to "hold". Collectively, the stock has received two hold ratings, six buy ratings, and one strong buy rating from investment analysts. According to data from MarketBeat, Royal Bank of Canada currently holds an average rating of "Moderate Buy" with a consensus price target of $156.50.

In terms of institutional investment, there has been notable activity. For instance, Brighton Jones LLC increased its stake in Royal Bank of Canada by 33.1% during the fourth quarter. Following the purchase of an additional 575 shares, the hedge fund owned 2,313 shares of the financial services provider's stock, valued at $279,000 at the end of the quarter. Overall, institutional investors and hedge funds own 45.31% of Royal Bank of Canada's stock.

Royal Bank of Canada operates as a diversified financial services company on a global scale. Its Personal & Commercial Banking segment provides a wide array of services. These include checking and savings accounts, home equity financing, personal lending, private banking services, and indirect lending, which encompasses auto financing. The segment also offers mutual funds, self-directed brokerage accounts, guaranteed investment certificates (GICs), credit cards, and various payment products and solutions. For small and medium-sized commercial businesses, Royal Bank of Canada provides lending, leasing, deposit services, investment opportunities, foreign exchange, cash management solutions, auto dealer financing, and trade products and services.