Jennifer Anne Tory Sells 344 Shares of Royal Bank of Canada (RY) Stock
Royal Bank of Canada (TSE:RY) (NYSE:RY) insider Jennifer Anne Tory sold 344 shares of the company’s stock in a transaction on Monday, October 23rd. The shares were sold at an average price of C$101.55, for a total value of C$34,933.20.
Jennifer Anne Tory also recently made the following trade(s):
- On Friday, September 22nd, Jennifer Anne Tory sold 359 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$94.31, for a total value of C$33,857.29.
- On Tuesday, August 22nd, Jennifer Anne Tory sold 364 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$91.78, for a total value of C$33,407.92.
Shares of Royal Bank of Canada (TSE:RY) traded up 0.64% during midday trading on Tuesday, hitting $102.07. The company’s stock had a trading volume of 2,077,155 shares. Royal Bank of Canada has a 12-month low of $81.82 and a 12-month high of $102.15. The firm has a 50-day moving average of $95.66 and a 200 day moving average of $94.37. The firm has a market cap of $148.81 billion and a price-to-earnings ratio of 13.94.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Thursday, October 26th will be paid a $0.91 dividend. The ex-dividend date is Wednesday, October 25th. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $0.87. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.59%.
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RY has been the topic of several research analyst reports. Eight Capital upped their price objective on Royal Bank of Canada from C$102.00 to C$105.00 in a research report on Friday, August 25th. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$100.00 price objective on shares of Royal Bank of Canada in a research report on Thursday, August 24th. Barclays PLC upped their price objective on Royal Bank of Canada from C$94.20 to C$96.00 in a research report on Friday, August 25th. National Bank Financial cut 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 research report on Thursday, August 24th. Finally, Scotiabank downgraded Royal Bank of Canada from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from C$102.00 to C$100.00 in a research report on Monday, August 21st. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average 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.
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