Insider Selling: Royal Bank of Canada (TSE:RY) Senior Officer Sells 10,000 Shares of Stock

Royal Bank of Canada (TSE:RY) (NYSE:RY) Senior Officer Alex Douglas Mcgregor sold 10,000 shares of Royal Bank of Canada stock in a transaction dated Monday, September 9th. The shares were sold at an average price of C$100.96, for a total value of C$1,009,557.00. Following the completion of the transaction, the insider now owns 54,675 shares in the company, valued at approximately C$5,519,752.90.

Alex Douglas Mcgregor also recently made the following trade(s):

  • On Tuesday, August 27th, Alex Douglas Mcgregor sold 10,000 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$97.70, for a total transaction of C$977,031.00.
  • On Tuesday, June 18th, Alex Douglas Mcgregor sold 10,000 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$104.87, for a total transaction of C$1,048,680.00.

RY stock traded up C$0.30 on Monday, hitting C$101.24. 3,328,411 shares of the company’s stock were exchanged, compared to its average volume of 2,626,112. The firm has a 50 day moving average price of C$101.24 and a two-hundred day moving average price of C$103.35. Royal Bank of Canada has a 12-month low of C$90.10 and a 12-month high of C$107.91. The stock has a market cap of $144.76 billion and a P/E ratio of 11.55.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last released its quarterly earnings results on Wednesday, August 21st. The financial services provider reported C$2.26 EPS for the quarter, missing analysts’ consensus estimates of C$2.31 by C($0.05). The business had revenue of C$11.54 billion during the quarter, compared to the consensus estimate of C$11.81 billion. As a group, sell-side analysts forecast that Royal Bank of Canada will post 9.3799996 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Thursday, October 24th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, October 23rd. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.12%. Royal Bank of Canada’s payout ratio is 45.64%.

A number of analysts have recently weighed in on the stock. Canaccord Genuity lowered their price target on shares of Royal Bank of Canada from C$108.00 to C$105.00 in a report on Wednesday, May 15th. Citigroup reduced their price objective on shares of Royal Bank of Canada from C$120.00 to C$113.00 in a research note on Monday. BMO Capital Markets reduced their price objective on shares of Royal Bank of Canada from C$114.00 to C$109.00 in a research note on Thursday, August 22nd. Cormark decreased their target price on shares of Royal Bank of Canada from C$112.00 to C$111.00 in a research report on Thursday, August 22nd. Finally, CSFB set a C$109.00 target price on shares of Royal Bank of Canada and gave the company a “neutral” rating in a research note on Thursday, May 16th.

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 check and savings accounts; home equity and auto financing, personal lending, private banking, mutual fund, self-directed brokerage account, and guaranteed investment certificate services; and credit cards, and payment products and solutions for individuals.

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Insider Buying and Selling by Quarter for Royal Bank of Canada (TSE:RY)

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