Royal Bank of Canada (TSE:RY) Insider Jennifer Kristine Publicover Sells 439 Shares

Royal Bank of Canada (TSE:RY) (NYSE:RY) insider Jennifer Kristine Publicover sold 439 shares of the business’s stock in a transaction that occurred on Wednesday, April 22nd. The shares were sold at an average price of C$242.82, for a total value of C$106,597.98. Following the completion of the sale, the insider owned 152 shares of the company’s stock, valued at C$36,908.64. The trade was a 74.28% decrease in their position.

Royal Bank of Canada Trading Up 0.3%

RY stock traded up C$0.62 during midday trading on Friday, hitting C$240.18. The company had a trading volume of 2,478,811 shares, compared to its average volume of 3,718,561. Royal Bank of Canada has a 52 week low of C$161.82 and a 52 week high of C$246.72. The stock’s 50 day moving average price is C$229.99 and its 200 day moving average price is C$224.00. The stock has a market cap of C$333.97 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 3.42 and a beta of 1.07.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last announced its quarterly earnings data on Thursday, February 26th. The financial services provider reported C$4.08 earnings per share for the quarter. Royal Bank of Canada had a return on equity of 15.37% and a net margin of 20.88%.The firm had revenue of C$17.96 billion during the quarter. Analysts predict that Royal Bank of Canada will post 12.3454675 earnings per share for the current year.

Royal Bank of Canada Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 22nd will be given a $1.64 dividend. The ex-dividend date is Thursday, April 23rd. This represents a $6.56 annualized dividend and a yield of 2.7%. Royal Bank of Canada’s payout ratio is presently 42.58%.

Analyst Ratings Changes

RY has been the subject of a number of recent analyst reports. TD Securities decreased their target price on Royal Bank of Canada from C$260.00 to C$259.00 and set a “buy” rating for the company in a report on Friday, February 27th. Jefferies Financial Group upped their target price on Royal Bank of Canada from C$217.00 to C$220.00 in a report on Wednesday, February 11th. Canaccord Genuity Group upped their target price on Royal Bank of Canada from C$242.00 to C$255.00 and gave the company a “buy” rating in a report on Thursday, February 12th. National Bank Financial upped their target price on Royal Bank of Canada from C$241.00 to C$247.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Finally, Scotiabank upped their target price on Royal Bank of Canada from C$242.00 to C$247.00 and gave the company an “outperform” rating in a report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$244.58.

Royal Bank of Canada Company Profile

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 101,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S.