Neil Mclaughlin Sells 4,000 Shares of Royal Bank of Canada (TSE:RY) Stock

Royal Bank of Canada (TSE:RY) (NYSE:RY) insider Neil Mclaughlin sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of C$287.72, for a total value of C$1,150,880.00.

Neil Mclaughlin also recently made the following trade(s):

• On Wednesday, June 24th, Neil Mclaughlin sold 3,500 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$287.70, for a total transaction of C$1,006,950.00.

Royal Bank of Canada Stock Performance

TSE RY traded down C$2.62 on Friday, reaching C$286.50. The company’s stock had a trading volume of 1,090,903 shares, compared to its average volume of 3,580,469. Royal Bank of Canada has a twelve month low of C$175.50 and a twelve month high of C$290.70. The firm’s 50 day moving average is C$260.36 and its two-hundred day moving average is C$240.90. The stock has a market cap of C$398.14 billion, a PE ratio of 18.63, a PEG ratio of 3.42 and a beta of 1.08.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last announced its quarterly earnings data on Thursday, May 28th. The financial services provider reported C$3.90 earnings per share (EPS) for the quarter. The company had revenue of C$17.45 billion for the quarter. Royal Bank of Canada had a net margin of 18.40% and a return on equity of 15.95%. Equities research analysts anticipate that Royal Bank of Canada will post 12.3454675 EPS for the current fiscal year.

Royal Bank of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 22nd were issued a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date was Thursday, April 23rd. Royal Bank of Canada’s payout ratio is presently 41.35%.

Wall Street Analysts Forecast Growth

RY has been the subject of a number of recent analyst reports. TD Securities decreased their price target on Royal Bank of Canada from C$260.00 to C$259.00 and set a “buy” rating for the company in a research report on Friday, February 27th. National Bank Financial boosted their price objective on Royal Bank of Canada from C$257.00 to C$271.00 and gave the stock an “outperform” rating in a report on Friday, May 15th. Canadian Imperial Bank of Commerce upped their price objective on shares of Royal Bank of Canada from C$258.00 to C$279.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Barclays raised their target price on shares of Royal Bank of Canada from C$245.00 to C$260.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Finally, Jefferies Financial Group boosted their price target on shares of Royal Bank of Canada from C$226.00 to C$232.00 in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Royal Bank of Canada currently has an average rating of “Moderate Buy” and an average price target of C$260.81.

About Royal Bank of Canada

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.