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

Royal Bank of Canada (TSE:RYGet Free Report) (NYSE:RY) insider Katherine Gibson sold 462 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of C$284.86, for a total transaction of C$131,605.32. Following the completion of the sale, the insider owned 290 shares in the company, valued at C$82,609.40. This 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 shares were 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 transaction of C$112,182.84.

Royal Bank of Canada Stock Performance

Shares of TSE:RY traded down C$0.52 on Wednesday, reaching C$287.89. The company’s stock had a trading volume of 1,863,272 shares, compared to its average volume of 3,602,954. The company has a 50-day simple moving average of C$258.41 and a 200 day simple moving average of C$239.99. Royal Bank of Canada has a 52-week low of C$175.03 and a 52-week high of C$289.82. The company has a market cap of C$400.07 billion, a P/E ratio of 18.72, a PEG ratio of 3.42 and a beta of 1.08.

Royal Bank of Canada (TSE:RYGet Free Report) (NYSE:RY) last announced its 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 firm had revenue of C$17.45 billion for the quarter. On average, equities research analysts forecast that Royal Bank of Canada will post 12.3454675 EPS for the current fiscal year.

Royal Bank of Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 22nd were paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, April 23rd. Royal Bank of Canada’s payout ratio is presently 41.35%.

Wall Street Analysts Forecast Growth

RY has been the subject of several analyst reports. TD Securities lowered 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. Jefferies Financial Group increased their price target on Royal Bank of Canada from C$226.00 to C$232.00 in a report on Wednesday, May 20th. Raymond James Financial raised their price target on Royal Bank of Canada from C$265.50 to C$270.50 and gave the stock a “market perform” rating in a research report on Friday, May 29th. National Bank Financial lifted their price objective 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 note on Friday, May 15th. Finally, Canaccord Genuity Group boosted their price objective on shares of Royal Bank of Canada from C$280.00 to C$282.00 and gave the company a “buy” rating in a research report on Friday, June 5th. One investment 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 stock. Based on data from MarketBeat.com, Royal Bank of Canada currently has an average rating of “Moderate Buy” and an average price target of C$260.81.

Get Our Latest Analysis on RY

About Royal Bank of Canada

(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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