Royal Bank of Canada (TSE:RY) Insider Sells 5,142 Shares

Royal Bank of Canada (TSE:RY) (NYSE:RY) insider Kelly Bradley sold 5,142 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of C$283.07, for a total transaction of C$1,455,545.94. Following the transaction, the insider owned 1,043 shares in the company, valued at C$295,242.01. The trade was a 83.14% decrease in their position.

Kelly Bradley also recently made the following trade(s):

• On Tuesday, September 1st, Kelly Bradley sold 1,740 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$283.04, for a total transaction of C$492,489.60.
• On Tuesday, September 1st, Kelly Bradley sold 3,454 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$283.05, for a total transaction of C$977,654.70.
• On Tuesday, September 1st, Kelly Bradley sold 3,974 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$283.05, for a total transaction of C$1,124,840.70.
• On Tuesday, September 1st, Kelly Bradley sold 3,076 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$283.03, for a total transaction of C$870,600.28.
• On Tuesday, September 1st, Kelly Bradley sold 1,644 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$283.03, for a total transaction of C$465,301.32.

Royal Bank of Canada Price Performance

Shares of RY traded up C$3.84 during trading hours on Thursday, hitting C$291.73. The stock had a trading volume of 999,755 shares, compared to its average volume of 3,519,545. The firm has a 50 day simple moving average of C$293.31 and a 200-day simple moving average of C$261.95. The firm has a market capitalization of C$403.88 billion, a P/E ratio of 18.39, a price-to-earnings-growth ratio of 3.42 and a beta of 1.05. Royal Bank of Canada has a 1-year low of C$199.17 and a 1-year high of C$306.38.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last released its quarterly earnings data on Thursday, August 27th. The financial services provider reported C$4.28 earnings per share for the quarter. Royal Bank of Canada had a net margin of 15.92% and a return on equity of 16.11%. The firm had revenue of C$18.54 billion for the quarter. Equities analysts predict that Royal Bank of Canada will post 12.3454675 EPS for the current fiscal year.

Royal Bank of Canada Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 24th were issued a $1.76 dividend. The ex-dividend date was Monday, July 27th. This represents a $7.04 dividend on an annualized basis and a dividend yield of 2.4%. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $1.64. Royal Bank of Canada’s dividend payout ratio (DPR) is currently 41.49%.

Analyst Upgrades and Downgrades

RY has been the subject of a number of analyst reports. Desjardins set a C$320.00 price target on Royal Bank of Canada and gave the company a “buy” rating in a research note on Wednesday. Barclays raised their target price on Royal Bank of Canada from C$260.00 to C$300.00 in a report on Friday, August 21st. Jefferies Financial Group lifted their target price on Royal Bank of Canada from C$268.00 to C$271.00 in a research report on Thursday. Canaccord Genuity Group upped their price target on Royal Bank of Canada from C$310.00 to C$318.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Finally, National Bank Financial increased their price target on Royal Bank of Canada from C$318.00 to C$321.00 and gave the company an “outperform” rating in a research report on Sunday. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$292.86.

About Royal Bank of Canada

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.