Royal Bank of Canada (TSE:RY – Get a rating) (NYSE:RY) Chief executive Helena Gottschling sold 405 shares of the company in a trade on Tuesday, June 21. The stock was sold at an average price of CA$126.27, for a total transaction of CA$51,140.36. As a result of the transaction, the insider now owns 1,373 shares of the company, valued at approximately C$173,372.14.
Helena Gottschling also recently made the following trade(s):
- On Friday, April 22, Helena Gottschling sold 404 shares of Royal Bank of Canada. The stock was sold at an average price of CA$135.38, for a total transaction of CA$54,692.51.
TSE RY traded at CA$0.41 during Tuesday trading hours, hitting CA$126.38. 2,864,992 shares of the company were traded, with an average volume of 3,953,101. The stock has a market capitalization of C$177.20 billion and a P/E ratio of 11.05. Royal Bank of Canada has a 1-year low of C$123.30 and a 1-year high of C$149.60. The company’s 50-day simple moving average is C$130.45 and its 200-day simple moving average is C$136.26.
Royal Bank of Canada (TSE:RY – Get a rating) (NYSE:RY) last reported results on Thursday, May 26. The financial services provider reported earnings per share of C$2.99 for the quarter, beating analyst consensus estimates of C$2.67 by C$0.32. The company had revenue of C$11.22 billion for the quarter. As a group, equity analysts predict Royal Bank of Canada will post EPS of 12.0076448 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 24. Shareholders of record on Tuesday, July 26 will receive a dividend of $1.28 per share. This represents a dividend of $5.12 on an annualized basis and a yield of 4.05%. The ex-dividend date is Monday, July 25. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $1.20. Royal Bank of Canada’s dividend payout ratio (DPR) is currently 39.86%.
RY has been the subject of several research reports. CIBC lowered its price target on Royal Bank of Canada shares from C$149.00 to C$146.00 in a Tuesday, May 17 report. Canaccord Genuity Group raised its target price on Royal Bank of Canada shares from C$131.50 to C$134.00 in a report released Friday, May 27. National Bankshares raised its price target on Royal Bank of Canada shares from C$147.00 to C$148.00 and gave the company an “outperform” rating in a report released Friday, May 27. Fundamental Research reiterated a “buy” rating and issued a price target of C$142.00 on Royal Bank of Canada shares in a Wednesday, June 8 report. Finally, Argus raised its target price on Royal Bank of Canada shares to C$157.00 and gave the company a “buy” rating in a Tuesday, June 7 report. Two research analysts gave the stock a hold rating and thirteen gave the company a buy rating. According to MarketBeat data, Royal Bank of Canada currently has a consensus rating of “Moderate Buy” and a consensus target price of C$146.86.
Profile of Royal Bank of Canada (Get a rating)
Royal Bank of Canada is a globally diversified financial services company. The Company’s Personal and Commercial Banking segment offers checking and savings accounts, home equity financing, personal loans, private banking, indirect loans, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, commercial products and services to small and medium commercial enterprises.
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