Royal Bank of Canada (TSE:RY) Senior Officer Douglas Antony Guzman Sells 10,270 Shares

Royal Bank of Canada (TSE:RY) (NYSE:RY) Senior Officer Douglas Antony Guzman sold 10,270 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of C$166.20, for a total transaction of C$1,706,874.00. Following the completion of the sale, the insider now directly owns 25 shares in the company, valued at C$4,155.

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

• 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 shares were sold at an average price of C$164.60, for a total transaction of C$1,646,000.00.

Royal Bank of Canada Trading Up 0.6 %

Shares of RY opened at C$167.46 on Thursday. Royal Bank of Canada has a 12-month low of C$107.92 and a 12-month high of C$167.46. The firm has a market capitalization of C$236.12 billion, a P/E ratio of 14.83, a P/E/G ratio of 10.64 and a beta of 0.84. The firm has a 50-day moving average price of C$154.12 and a 200 day moving average price of C$144.40.

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 (EPS) for the quarter, topping analysts’ consensus estimates of C$2.95 by C$0.31. Royal Bank of Canada had a net margin of 28.67% and a return on equity of 13.68%. The business had revenue of C$14.63 billion during the quarter, compared to the consensus estimate of C$14.27 billion.

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 issued a $1.42 dividend. The ex-dividend date is Thursday, October 24th. This represents a $5.68 annualized dividend and a yield of 3.39%. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 50.31%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on RY shares. BMO Capital Markets raised their target price on Royal Bank of Canada from C$151.00 to C$165.00 and gave the company a “strong-buy” rating in a research report on Thursday, August 29th. UBS Group set a C$165.00 price objective on Royal Bank of Canada and gave the company a “buy” rating in a report on Tuesday, July 2nd. Barclays boosted their price objective on Royal Bank of Canada from C$145.00 to C$150.00 in a research report on Tuesday, August 20th. National Bankshares boosted their price target on shares of Royal Bank of Canada from C$160.00 to C$169.00 in a report on Thursday, August 29th. Finally, CIBC boosted their target price on shares of Royal Bank of Canada from C$166.00 to C$167.00 in a research note on Friday, September 6th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Royal Bank of Canada currently has a consensus rating of “Buy” and a consensus target price 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.