Royal Bank of Canada (TSE:RY) Insider Sells C$10,491,182.40 in Stock

Royal Bank of Canada (TSE:RYGet Free Report) (NYSE:RY) insider Bruce Washington Ross sold 38,730 shares of the firm’s stock in a transaction dated Friday, June 5th. The stock was sold at an average price of C$270.88, for a total transaction of C$10,491,182.40. Following the completion of the transaction, the insider owned 235 shares in the company, valued at approximately C$63,656.80. The trade was a 99.40% decrease in their ownership of the stock.

Bruce Washington Ross also recently made the following trade(s):

  • 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 transaction 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 transaction of C$887,992.74.

Royal Bank of Canada Stock Performance

Royal Bank of Canada stock opened at C$275.76 on Thursday. The firm’s 50-day moving average is C$248.99 and its 200-day moving average is C$235.69. Royal Bank of Canada has a 1 year low of C$173.39 and a 1 year high of C$278.35. The company has a market cap of C$383.22 billion, a P/E ratio of 17.93, a PEG ratio of 3.42 and a beta of 1.08.

Royal Bank of Canada (TSE:RYGet Free Report) (NYSE:RY) last posted its quarterly earnings results on Thursday, May 28th. The financial services provider reported C$3.90 earnings per share (EPS) for the quarter. Royal Bank of Canada had a net margin of 18.40% and a return on equity of 15.95%. The company had revenue of C$17.45 billion for the quarter. As a group, sell-side analysts predict that Royal Bank of Canada will post 12.3454675 earnings per share for the current year.

Royal Bank of Canada Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 22nd were given a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Thursday, April 23rd. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 41.35%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on RY. TD raised their price target on shares of 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. Scotiabank lifted their price objective on shares of Royal Bank of Canada from C$252.00 to C$275.00 and gave the company a “sector outperform” rating in a research report on Monday, June 1st. Jefferies Financial Group lifted their price objective on shares of Royal Bank of Canada from C$226.00 to C$232.00 in a research report on Wednesday, May 20th. TD Securities cut their price objective on shares of Royal Bank of Canada from C$260.00 to C$259.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Finally, Barclays lifted their price objective on shares of Royal Bank of Canada from C$245.00 to C$260.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$260.42.

Check Out Our Latest Stock Analysis on RY

Royal Bank of Canada Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Royal Bank of Canada (TSE:RY)

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