Royal Bank of Canada (TSE:RY) Insider Sells C$131,605.32 in Stock

Royal Bank of Canada (TSE:RY) (NYSE:RY) insider Katherine Gibson sold 462 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were sold at an average price of C$284.86, for a total transaction of C$131,605.32. Following the sale, the insider owned 290 shares in the company, valued at approximately C$82,609.40. This trade represents a 61.44% decrease in their position.

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

• On Friday, May 22nd, Katherine Gibson sold 462 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$261.83, for a total transaction of C$120,965.46.
• 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 Stock Down 0.4%

TSE RY opened at C$288.01 on Friday. The stock’s 50-day simple moving average is C$261.28 and its two-hundred day simple moving average is C$241.22. Royal Bank of Canada has a twelve month low of C$175.50 and a twelve month high of C$290.70. The company has a market capitalization of C$400.24 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 3.42 and a beta of 1.08.

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

Royal Bank of Canada Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have commented on RY. Jefferies Financial Group increased their price target on shares of Royal Bank of Canada from C$226.00 to C$232.00 in a research report on Wednesday, May 20th. Desjardins upped their price objective on shares of Royal Bank of Canada from C$262.00 to C$275.00 and gave the company a “buy” rating in a research note on Friday, May 29th. TD increased their target price on shares of Royal Bank of Canada from C$267.00 to C$272.00 and gave the company a “buy” rating in a report on Friday, May 29th. National Bank Financial lifted their target price on shares of 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. Finally, Canadian Imperial Bank of Commerce lifted their target price on shares of Royal Bank of Canada from C$258.00 to C$279.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. One research 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’s stock. According to MarketBeat, the stock presently 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.