Insider Selling: Royal Bank of Canada (RY) Insider Sells 364 Shares of Stock
Royal Bank of Canada (TSE:RY) (NYSE:RY) insider Jennifer Anne Tory sold 364 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of C$91.78, for a total transaction of C$33,407.92.
Jennifer Anne Tory also recently made the following trade(s):
- On Monday, July 24th, Jennifer Anne Tory sold 360 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$93.63, for a total transaction of C$33,706.80.
- On Wednesday, June 21st, Jennifer Anne Tory sold 361 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$93.20, for a total transaction of C$33,645.20.
Shares of Royal Bank of Canada (TSE:RY) traded up 1.65% during midday trading on Wednesday, hitting $93.53. 1,399,246 shares of the stock were exchanged. The firm has a 50-day moving average of $94.00 and a 200-day moving average of $95.07. The company has a market capitalization of $136.26 billion and a P/E ratio of 12.73. Royal Bank of Canada has a 1-year low of $79.75 and a 1-year high of $99.90.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Thursday, October 26th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.96%. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $0.87.
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A number of equities analysts have commented on RY shares. Scotiabank boosted their price target on shares of Royal Bank of Canada from C$101.00 to C$102.00 and gave the stock an “outperform” rating in a research note on Friday, May 26th. National Bank Financial reissued a “sector perform” rating and issued a C$99.00 price target on shares of Royal Bank of Canada in a research note on Friday, May 26th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of C$95.67.
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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