Royal Bank of Canada (TSE:RY) (NYSE:RY) insider Alex Douglas Mcgregor sold 10,000 shares of Royal Bank of Canada stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of C$93.10, for a total value of C$931,000.00.

Royal Bank of Canada (TSE:RY) traded up 0.76% on Wednesday, reaching $93.69. 1,780,671 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $92.59 and a 200-day moving average of $94.32. The company has a market cap of $136.60 billion and a P/E ratio of 12.80. Royal Bank of Canada has a 12-month low of $80.35 and a 12-month 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 given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 3.91%. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $0.87.

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Several equities research analysts recently issued reports on the company. Scotiabank lifted their price objective on Royal Bank of Canada from C$101.00 to C$102.00 and gave the stock an “outperform” rating in a report on Friday, May 26th. National Bank Financial lowered their price objective on Royal Bank of Canada from C$101.00 to C$99.00 and set a “sector perform” rating on the stock in a report on Thursday, August 24th. Barclays PLC lifted their price objective on Royal Bank of Canada from C$94.20 to C$96.00 in a report on Friday, August 25th. BMO Capital Markets reissued a “market perform” rating and issued a C$100.00 target price on shares of Royal Bank of Canada in a research note on Thursday, August 24th. Finally, Eight Capital raised their target price on shares of Royal Bank of Canada from C$102.00 to C$105.00 in a research note on Friday, August 25th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of C$99.75.

About Royal Bank of Canada

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.

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

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