Royal Bank of Canada (TSE:RY) Insider Sells C$355,245.66 in Stock

Royal Bank of Canada (TSE:RY) (NYSE:RY) insider Graeme Ashley Hepworth sold 1,463 shares of the business’s stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of C$242.82, for a total transaction of C$355,245.66.

Royal Bank of Canada Trading Up 0.3%

RY traded up C$0.62 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. The firm has a market cap of C$333.97 billion, a P/E ratio of 16.50, a PEG ratio of 3.42 and a beta of 1.07. Royal Bank of Canada has a 1 year low of C$161.82 and a 1 year high of C$246.72. The company’s fifty day moving average price is C$229.99 and its 200 day moving average price is C$224.00.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last issued its quarterly earnings data on Thursday, February 26th. The financial services provider reported C$4.08 earnings per share (EPS) for the quarter. The firm had revenue of C$17.96 billion for the quarter. Royal Bank of Canada had a net margin of 20.88% and a return on equity of 15.37%. On average, 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. Investors of record on Friday, May 22nd will be issued a $1.64 dividend. This represents a $6.56 annualized dividend and a yield of 2.7%. The ex-dividend date is Thursday, April 23rd. Royal Bank of Canada’s payout ratio is 42.58%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on RY shares. Raymond James Financial boosted their price target on shares of Royal Bank of Canada from C$255.00 to C$260.00 and gave the stock a “buy” rating in a research note on Friday, February 27th. Barclays boosted their price objective on Royal Bank of Canada from C$244.00 to C$245.00 in a research report on Friday, February 27th. National Bank Financial upped their price target 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. Canaccord Genuity Group upped their price target 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. Finally, Scotiabank upped their price target 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 investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Royal Bank of Canada has an average 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.