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 on Friday, May 22nd. The shares were sold at an average price of C$261.83, for a total value of C$120,965.46. Following the completion of the sale, the insider directly owned 290 shares of the company’s stock, valued at C$75,930.70. This trade 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 shares were sold at an average price of C$242.82, for a total value of C$112,182.84.

Royal Bank of Canada Price Performance

Shares of TSE RY traded up C$1.29 during midday trading on Monday, hitting C$263.26. The stock had a trading volume of 575,362 shares, compared to its average volume of 3,765,957. The company’s 50-day simple moving average is C$237.29 and its 200 day simple moving average is C$230.15. The firm has a market cap of C$366.07 billion, a P/E ratio of 18.08, a price-to-earnings-growth ratio of 3.42 and a beta of 1.14. Royal Bank of Canada has a fifty-two week low of C$171.29 and a fifty-two week high of C$265.10.

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

Royal Bank of Canada Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on RY. Barclays lifted their target price on Royal Bank of Canada from C$244.00 to C$245.00 in a research note on Friday, February 27th. National Bank Financial raised their price target on Royal Bank of Canada from C$257.00 to C$271.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Canaccord Genuity Group raised their price target on Royal Bank of Canada from C$260.00 to C$270.00 and gave the stock a “buy” rating in a research report on Wednesday, May 20th. Desjardins raised their price target on Royal Bank of Canada from C$250.00 to C$262.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, Canadian Imperial Bank of Commerce raised their price target on 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. One investment 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, the company 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.