Royal Bank of Canada (TSE:RY) Senior Officer Douglas Antony Guzman Sells 15,000 Shares of Stock

Royal Bank of Canada (TSE:RY) (NYSE:RY) Senior Officer Douglas Antony Guzman sold 15,000 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of C$165.00, for a total value of C$2,475,000.00. Following the completion of the sale, the insider now directly owns 25 shares of the company’s stock, valued at approximately C$4,125.

Douglas Antony Guzman also recently made the following trade(s):

• 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 value of C$1,646,000.00.
• On Tuesday, June 11th, Douglas Antony Guzman sold 54,354 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$145.15, for a total transaction of C$7,889,646.16.

Royal Bank of Canada Trading Down 0.0 %

Royal Bank of Canada stock opened at C$164.08 on Friday. The firm has a market capitalization of C$232.99 billion, a price-to-earnings ratio of 14.53, a price-to-earnings-growth ratio of 10.64 and a beta of 0.85. The firm’s fifty day moving average price is C$153.30 and its two-hundred day moving average price is C$143.76. Royal Bank of Canada has a 1-year low of C$107.92 and a 1-year high of C$166.00.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last announced its quarterly earnings results on Wednesday, August 28th. The financial services provider reported C$3.26 earnings per share for the quarter, beating the consensus estimate of C$2.95 by C$0.31. The business had revenue of C$14.63 billion for the quarter, compared to analysts’ expectations of C$14.27 billion. Royal Bank of Canada had a net margin of 28.37% and a return on equity of 13.38%. On average, research analysts forecast that Royal Bank of Canada will post 12.8601286 EPS for the current year.

Royal Bank of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, October 24th will be given a dividend of $1.42 per share. The ex-dividend date of this dividend is Thursday, October 24th. This represents a $5.68 annualized dividend and a dividend yield of 3.46%. Royal Bank of Canada’s payout ratio is 50.31%.

Analysts Set New Price Targets

RY has been the topic of a number of analyst reports. UBS Group set a C$165.00 price objective on shares of Royal Bank of Canada and gave the company a “buy” rating in a research note on Tuesday, July 2nd. Cormark upped their price target on shares of Royal Bank of Canada from C$166.00 to C$171.00 in a research report on Thursday, August 29th. Desjardins increased their price target on Royal Bank of Canada from C$156.00 to C$163.00 and gave the stock a “buy” rating in a report on Tuesday, August 6th. Scotiabank dropped their price objective on Royal Bank of Canada from C$157.00 to C$154.00 in a research note on Monday, August 19th. Finally, CIBC upped their target price on Royal Bank of Canada from C$166.00 to C$167.00 in a research report on Friday. Two analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Royal Bank of Canada currently has an average rating of “Buy” and a consensus price target of C$161.57.

About Royal Bank of Canada

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.