Royal Bank of Canada (TSE:RY – Get Free Report) (NYSE:RY) insider Bruce Washington Ross sold 41,724 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of C$279.37, for a total value of C$11,656,433.88. Following the completion of the transaction, the insider owned 235 shares in the company, valued at approximately C$65,651.95. This trade represents a 99.44% decrease in their position.
Bruce Washington Ross also recently made the following trade(s):
- On Friday, June 5th, Bruce Washington Ross sold 38,730 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$270.88, for a total value of C$10,491,182.40.
- On Friday, May 22nd, Bruce Washington Ross sold 3,657 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$261.83, for a total value of C$957,512.31.
- On Wednesday, April 22nd, Bruce Washington Ross sold 3,657 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$887,992.74.
Royal Bank of Canada Stock Up 1.1%
TSE:RY traded up C$3.05 during trading hours on Tuesday, reaching C$281.51. 2,154,696 shares of the stock were exchanged, compared to its average volume of 3,632,610. The firm has a 50 day simple moving average of C$253.19 and a 200-day simple moving average of C$237.55. Royal Bank of Canada has a 52 week low of C$173.56 and a 52 week high of C$282.00. The stock has a market capitalization of C$391.20 billion, a P/E ratio of 18.30, a P/E/G ratio of 3.42 and a beta of 1.08.
Royal Bank of Canada Dividend Announcement
The firm 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. This represents a $6.56 annualized dividend and a yield of 2.3%. The ex-dividend date was Thursday, April 23rd. Royal Bank of Canada’s dividend payout ratio (DPR) is currently 41.35%.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. Raymond James Financial raised their price objective on shares of Royal Bank of Canada from C$265.50 to C$270.50 and gave the company a “market perform” rating in a research report on Friday, May 29th. TD Securities reduced their price objective on Royal Bank of Canada from C$260.00 to C$259.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Desjardins raised their price objective on Royal Bank of Canada from C$262.00 to C$275.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Canaccord Genuity Group raised their price objective on Royal Bank of Canada from C$280.00 to C$282.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. Finally, TD raised their target price on Royal Bank of Canada from C$267.00 to C$272.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$260.81.
Check Out Our Latest Stock Report on Royal Bank of Canada
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.
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