Royal Bank of Canada (TSE:RY) Senior Officer Sells C$1,252,207.50 in Stock

Royal Bank of Canada (TSE:RY) (NYSE:RY) Senior Officer Douglas Antony Guzman sold 7,500 shares of Royal Bank of Canada stock in a transaction that occurred on Wednesday, October 2nd. The shares were sold at an average price of C$166.96, for a total value 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. The trade was 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 transaction of C$1,679,100.00.
• On Monday, September 9th, Douglas Antony Guzman sold 10,270 shares of Royal Bank of Canada stock. The stock was 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 shares were 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 stock was sold at an average price of C$164.60, for a total transaction of C$1,646,000.00.

Royal Bank of Canada Price Performance

Shares of RY stock opened at C$166.20 on Monday. The stock has a market cap of C$234.34 billion, a PE ratio of 14.72, a price-to-earnings-growth ratio of 10.64 and a beta of 0.84. The stock has a 50-day moving average of C$159.14 and a 200-day moving average of C$148.17. Royal Bank of Canada has a one year low of C$107.92 and a one year high of C$169.39.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last posted its earnings results on Wednesday, August 28th. The financial services provider reported C$3.26 earnings per share for the quarter, topping the consensus estimate 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, research analysts anticipate that Royal Bank of Canada will post 12.8820355 earnings per share for the current year.

Royal Bank of Canada Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 22nd will be paid a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date of this dividend is Thursday, October 24th. Royal Bank of Canada’s payout ratio is presently 50.31%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on RY shares. Scotiabank reduced their target price on shares of Royal Bank of Canada from C$157.00 to C$154.00 in a research report on Monday, August 19th. UBS Group set a C$165.00 price objective on Royal Bank of Canada and gave the company a “buy” rating in a research report on Tuesday, July 2nd. Barclays boosted their target price on Royal Bank of Canada from C$145.00 to C$150.00 in a research report on Tuesday, August 20th. National Bankshares raised their price target on Royal Bank of Canada from C$160.00 to C$169.00 in a report on Thursday, August 29th. Finally, CIBC boosted their price objective on Royal Bank of Canada from C$166.00 to C$167.00 in a report on Friday, September 6th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of C$163.38.

Royal Bank of Canada Company Profile

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.