Royal Bank of Canada (TSE:RY – Get Free Report) (NYSE:RY) insider Maria Elena Douvas sold 9,604 shares of the company’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of C$275.20, for a total transaction of C$2,643,020.80.
Maria Elena Douvas also recently made the following trade(s):
- On Thursday, October 1st, Maria Elena Douvas sold 8,482 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$274.70, for a total value of C$2,330,005.40.
- On Thursday, October 1st, Maria Elena Douvas sold 9,066 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$275.02, for a total transaction of C$2,493,331.32.
Royal Bank of Canada Trading Up 0.3%
Royal Bank of Canada stock traded up C$0.96 during mid-day trading on Friday, hitting C$278.82. The stock had a trading volume of 732,446 shares, compared to its average volume of 3,420,169. The firm’s 50 day moving average is C$288.98 and its 200 day moving average is C$270.30. Royal Bank of Canada has a one year low of C$200.82 and a one year high of C$306.38. The firm has a market capitalization of C$386.01 billion, a P/E ratio of 17.58, a P/E/G ratio of 3.42 and a beta of 0.94.
Royal Bank of Canada Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 24th were issued a dividend of $1.76 per share. This represents a $7.04 annualized dividend and a dividend yield of 2.5%. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $1.64. The ex-dividend date was Monday, July 27th. Royal Bank of Canada’s dividend payout ratio is currently 41.49%.
Wall Street Analysts Forecast Growth
RY has been the subject of several research reports. Canadian Imperial Bank of Commerce decreased their price objective on shares of Royal Bank of Canada from C$311.00 to C$300.00 and set a “neutral” rating for the company in a research note on Thursday, September 3rd. Scotiabank boosted their price target on shares of Royal Bank of Canada from C$275.00 to C$280.00 and gave the company a “sector outperform” rating in a research report on Tuesday, June 16th. Scotia upped their price objective on shares of Royal Bank of Canada from C$311.00 to C$312.00 and gave the stock a “sector outperform” rating in a report on Friday, August 28th. Jefferies Financial Group boosted their price target on shares of Royal Bank of Canada from C$268.00 to C$271.00 in a research note on Thursday, September 3rd. Finally, Keefe, Bruyette & Woods raised their target price on Royal Bank of Canada from C$316.00 to C$324.00 in a research report on Monday, August 31st. Eight investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Royal Bank of Canada presently has an average rating of “Moderate Buy” and an average price target of C$292.86.
View Our Latest Stock Report on RY
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.
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