Royal Bank of Canada (RY) Insider Alex Douglas Mcgregor Sells 30,000 Shares
Royal Bank of Canada (TSE:RY) (NYSE:RY) insider Alex Douglas Mcgregor sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of C$92.79, for a total transaction of C$2,783,700.00.
Royal Bank of Canada (RY) traded down 0.09% during trading on Friday, hitting $93.55. 10,400,472 shares of the stock traded hands. The company has a 50-day moving average price of $93.39 and a 200-day moving average price of $94.34. The stock has a market cap of $136.29 billion and a PE ratio of 12.73. Royal Bank of Canada has a 12 month low of $74.64 and a 12 month high of $99.90.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Shareholders of record on Wednesday, July 26th will be paid a $0.87 dividend. This represents a $3.48 dividend on an annualized basis and a yield of 3.72%.
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RY has been the topic of a number of research analyst reports. Scotiabank raised their target price on shares of Royal Bank of Canada from C$101.00 to C$102.00 and gave the company an “outperform” rating in a research report on Friday, May 26th. National Bank Financial restated a “sector perform” rating on shares of Royal Bank of Canada in a research report on Monday, February 20th. CIBC upgraded shares of Royal Bank of Canada from an “underperform” rating to a “market perform” rating in a research report on Monday, February 27th. TD Securities restated a “buy” rating and issued a C$105.00 target price on shares of Royal Bank of Canada in a research report on Monday, February 27th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Royal Bank of Canada from C$92.00 to C$99.00 and gave the company a “market perform” rating in a research report on Monday, February 27th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. Royal Bank of Canada presently has an average rating of “Hold” and an average target price of C$95.83.
Royal Bank of Canada Company Profile
Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.
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