Royal Bank of Canada (TSE:RY) (NYSE:RY) – Equities researchers at Cormark issued their Q1 2019 EPS estimates for Royal Bank of Canada in a research note issued to investors on Wednesday. Cormark analyst M. Grauman forecasts that the financial services provider will earn $2.16 per share for the quarter. Cormark also issued estimates for Royal Bank of Canada’s Q2 2019 earnings at $2.15 EPS, Q3 2019 earnings at $2.25 EPS and Q4 2019 earnings at $2.22 EPS.

A number of other analysts also recently issued reports on the stock. Scotiabank boosted their price objective on shares of Royal Bank of Canada from C$110.00 to C$111.00 and gave the company a “sector perform” rating in a report on Thursday. National Bank Financial boosted their price objective on shares of Royal Bank of Canada from C$101.00 to C$105.00 and gave the company a “sector perform” rating in a report on Thursday. Eight Capital boosted their price objective on shares of Royal Bank of Canada from C$105.00 to C$107.00 in a report on Thursday. Desjardins upped their price target on shares of Royal Bank of Canada from C$108.00 to C$109.00 in a report on Thursday. Finally, CSFB upped their price target on shares of Royal Bank of Canada from C$105.00 to C$108.00 and gave the stock an “outperform” rating in a report on Thursday. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of C$104.67.

Royal Bank of Canada (RY) traded up C$0.31 during midday trading on Friday, reaching C$101.16. 2,306,988 shares of the company’s stock were exchanged, compared to its average volume of 2,619,739. Royal Bank of Canada has a 52-week low of C$87.15 and a 52-week high of C$102.15.

In related news, insider Alex Douglas Mcgregor sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of C$93.10, for a total transaction of C$931,000.00. Also, Director David Ian Mckay sold 5,352 shares of the company’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of C$101.53, for a total transaction of C$543,388.56. In the last ninety days, insiders have sold 25,328 shares of company stock valued at $2,456,793.

The company also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, January 25th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date is Wednesday, January 24th. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 47.54%.

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About Royal Bank of Canada

Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company operates through five segments: Personal & Commercial Banking, Wealth Management, Insurance, Investor & Treasury Services, and Capital Markets. The Personal & Commercial Banking segment engages in the personal and business banking operations, auto financing, and retail investment businesses.

Earnings History and Estimates for Royal Bank of Canada (TSE:RY)

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