Royal Bank of Canada (TSE:RY – Get Free Report) (NYSE:RY) insider Katherine Gibson sold 462 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of C$261.83, for a total transaction of C$120,965.46. Following the transaction, the insider owned 290 shares of the company’s stock, valued at approximately C$75,930.70. This trade represents a 61.44% decrease in their position.
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 transaction of C$112,182.84.
Royal Bank of Canada Trading Down 0.7%
TSE:RY opened at C$262.33 on Wednesday. The firm has a market cap of C$364.77 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 3.42 and a beta of 1.14. The company has a 50-day moving average of C$238.95 and a 200-day moving average of C$230.97. Royal Bank of Canada has a twelve month low of C$171.29 and a twelve month high of C$265.10.
Royal Bank of Canada Announces Dividend
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 2.5%. The ex-dividend date was Thursday, April 23rd. Royal Bank of Canada’s payout ratio is presently 42.58%.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on RY. Desjardins lifted their target price on Royal Bank of Canada from C$250.00 to C$262.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. 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. Canaccord Genuity Group lifted their target price on shares of 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. Canadian Imperial Bank of Commerce lifted their target price 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. Finally, TD lifted their target price on shares of Royal Bank of Canada from C$259.00 to C$267.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$253.19.
Get Our Latest Report on Royal Bank of Canada
Key Stories Impacting Royal Bank of Canada
Here are the key news stories impacting Royal Bank of Canada this week:
- Positive Sentiment: Several analysts recently raised their price targets on Royal Bank of Canada, including Canaccord Genuity to C$270 and Desjardins to C$262, while the consensus remains “Moderate Buy.” Royal Bank of Canada report
- Positive Sentiment: Royal Bank of Canada also recently paid a quarterly dividend of C$1.64 per share, reinforcing its appeal for income-focused investors. Royal Bank of Canada report
- Neutral Sentiment: The bank reported strong recent quarterly results, with C$4.08 EPS, C$17.96 billion in revenue, and a 15.37% return on equity, which supports the stock’s elevated valuation. Royal Bank of Canada report
- Negative Sentiment: Multiple insiders and a director sold shares, including Director David Ian McKay and insiders Bruce Washington Ross, Katherine Gibson, Jennifer Kristine Publicover, and Graeme Ashley Hepworth, which can weigh on sentiment because it may signal limited short-term upside. Director David Ian McKay Sells 23,089 Shares of Stock
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.
Featured Articles
- Five stocks we like better than Royal Bank of Canada
- Banks Are Buying Back Stock Hand Over Fist, Including These 3 Names
- 2 Aluminum Stocks Poised for Big Tariff-Related Gains
- AutoZone’s Pullback Sets Up a Long-Term Buying Opportunity
- AST SpaceMobile’s June Launch Plan Puts Its 2026 Satellite Goal Back in Focus
Receive News & Ratings for Royal Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.
