Royal Bank of Canada (TSE:RY - Get Free Report) (NYSE:RY) Senior Officer Douglas Antony Guzman sold 7,500 shares of the business's stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of C$166.96, for a total transaction of C$1,252,207.50. Following the sale, the insider now directly owns 25 shares in the company, valued at C$4,174.03. This trade represents a 0.00 % decrease in their ownership of the stock.
Douglas Antony Guzman also recently made the following trade(s):
- On Thursday, September 26th, Douglas Antony Guzman sold 17,000 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$167.95, for a total value of C$2,855,150.00.
- On Thursday, September 12th, Douglas Antony Guzman sold 10,000 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$167.91, for a total value of C$1,679,100.00.
- On Monday, September 9th, Douglas Antony Guzman sold 10,270 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$166.20, for a total value of C$1,706,874.00.
- On Friday, September 6th, Douglas Antony Guzman sold 15,000 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$165.00, for a total value of C$2,475,000.00.
- On Wednesday, September 4th, Douglas Antony Guzman sold 10,000 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$164.60, for a total transaction of C$1,646,000.00.
Royal Bank of Canada Trading Up 1.0 %
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Royal Bank of Canada stock opened at C$166.20 on Friday. The company has a market capitalization of C$234.34 billion, a price-to-earnings ratio of 14.72, a PEG ratio of 10.64 and a beta of 0.84. The stock's 50 day moving average is C$159.14 and its 200-day moving average is C$148.07. Royal Bank of Canada has a 12 month low of C$107.92 and a 12 month high of C$169.39.
Royal Bank of Canada (TSE:RY - Get Free Report) (NYSE:RY) last issued its quarterly earnings data on Wednesday, August 28th. The financial services provider reported C$3.26 EPS for the quarter, beating analysts' consensus estimates of C$2.95 by C$0.31. Royal Bank of Canada had a return on equity of 13.68% and a net margin of 28.67%. The firm had revenue of C$14.63 billion for the quarter, compared to analyst estimates of C$14.27 billion. As a group, equities research analysts predict that Royal Bank of Canada will post 12.8820355 earnings per share for the current fiscal year.
Royal Bank of Canada Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 22nd will be given a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Thursday, October 24th. Royal Bank of Canada's dividend payout ratio is 50.31%.
Analyst Ratings Changes
Several research firms have issued reports on RY. Desjardins upped their price target on shares of Royal Bank of Canada from C$156.00 to C$163.00 and gave the stock a "buy" rating in a research report on Tuesday, August 6th. National Bankshares upped their target price on shares of Royal Bank of Canada from C$160.00 to C$169.00 in a report on Thursday, August 29th. Jefferies Financial Group reduced their price target on Royal Bank of Canada from C$168.00 to C$165.00 and set a "buy" rating for the company in a report on Monday, August 12th. Barclays boosted their price target on Royal Bank of Canada from C$145.00 to C$150.00 in a research report on Tuesday, August 20th. Finally, Bank of America raised their price objective on Royal Bank of Canada from C$162.00 to C$180.00 in a research report on Thursday, August 29th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Royal Bank of Canada presently has a consensus rating of "Buy" and a consensus target price of C$163.38.
Check Out Our Latest Report on RY
About Royal Bank of Canada
(
Get Free Report)
Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.
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