Royal Bank of Canada (TSE:RY) Insider Sells C$120,965.46 in Stock

Royal Bank of Canada (TSE:RY) (NYSE:RY) insider Katherine Gibson sold 462 shares of Royal Bank of Canada stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of C$261.83, for a total value of C$120,965.46. Following the transaction, the insider owned 290 shares of the company’s stock, valued at C$75,930.70. This represents a 61.44% decrease in their ownership of the stock.

Katherine Gibson also recently made the following trade(s):

• On Wednesday, April 22nd, Katherine Gibson sold 462 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$242.82, for a total value of C$112,182.84.

Royal Bank of Canada Trading Down 0.3%

RY opened at C$261.64 on Thursday. Royal Bank of Canada has a 1-year low of C$171.29 and a 1-year high of C$265.10. The stock’s fifty day simple moving average is C$239.70 and its 200 day simple moving average is C$231.36. The stock has a market cap of C$363.81 billion, a PE ratio of 17.97, a price-to-earnings-growth ratio of 3.42 and a beta of 1.14.

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

Royal Bank of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 22nd were paid a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Thursday, April 23rd. Royal Bank of Canada’s dividend payout ratio (DPR) is currently 42.58%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on RY shares. National Bank Financial upped their price target on shares of Royal Bank of Canada from C$257.00 to C$271.00 and gave the company an “outperform” rating in a research note on Friday, May 15th. Canadian Imperial Bank of Commerce raised their price objective on shares of Royal Bank of Canada from C$242.00 to C$258.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Jefferies Financial Group boosted their price objective on Royal Bank of Canada from C$226.00 to C$232.00 in a report on Wednesday, May 20th. Scotiabank upped their target price on Royal Bank of Canada from C$247.00 to C$252.00 and gave the company a “sector outperform” rating in a research report on Monday, May 4th. Finally, TD increased their target price on Royal Bank of Canada from C$259.00 to C$267.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$253.19.

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.