Royal Bank of Canada (TSE:RY - Get Free Report) (NYSE:RY) Senior Officer Jennifer Kristine Publicover sold 401 shares of the business's stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of C$160.27, for a total transaction of C$64,266.71. Following the sale, the insider now owns 152 shares of the company's stock, valued at C$24,360.45. This trade represents a 72.51 % decrease in their position.
Royal Bank of Canada Price Performance
Shares of Royal Bank of Canada stock opened at C$163.50 on Thursday. The stock has a fifty day moving average price of C$163.09 and a 200-day moving average price of C$169.62. The firm has a market cap of C$231.35 billion, a PE ratio of 14.25, a P/E/G ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a 1 year low of C$131.57 and a 1 year high of C$180.45.
Royal Bank of Canada Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Friday, May 23rd will be paid a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date of this dividend is Thursday, April 24th. Royal Bank of Canada's payout ratio is 49.49%.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on RY. Cibc World Mkts upgraded shares of Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a report on Thursday, April 3rd. UBS Group lifted their price target on Royal Bank of Canada from C$192.00 to C$198.00 in a research note on Friday, March 7th. TD Securities lowered their price objective on Royal Bank of Canada from C$180.00 to C$178.00 and set a "hold" rating for the company in a research note on Friday, February 28th. Jefferies Financial Group cut their target price on Royal Bank of Canada from C$195.00 to C$180.00 in a research report on Monday. Finally, Scotiabank decreased their price target on Royal Bank of Canada from C$197.00 to C$191.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. One analyst has rated the stock with a hold rating, six have given a buy rating and four have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Royal Bank of Canada currently has an average rating of "Buy" and an average price target of C$180.00.
View Our Latest Analysis 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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