Royal Bank of Canada (TSE:RY) (NYSE:RY) Director Jeffery William Yabuki purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was purchased at an average price of C$79.63 per share, with a total value of C$79,630.00.

Shares of Royal Bank of Canada (TSE RY) traded up C$0.69 during trading on Thursday, hitting C$101.99. 1,711,574 shares of the stock were exchanged, compared to its average volume of 2,606,749. Royal Bank of Canada has a fifty-two week low of C$88.33 and a fifty-two week high of C$102.15.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, January 25th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, January 24th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.57%. Royal Bank of Canada’s payout ratio is 47.54%.

Several brokerages have recently weighed in on RY. Barclays boosted their price objective on shares of Royal Bank of Canada from C$94.20 to C$96.00 in a research report on Friday, August 25th. CIBC boosted their price objective on shares of Royal Bank of Canada from C$103.00 to C$113.00 in a research report on Monday, November 13th. Canaccord Genuity boosted their price objective on shares of Royal Bank of Canada from C$100.00 to C$105.00 in a research report on Wednesday, November 1st. Eight Capital boosted their price objective on shares of Royal Bank of Canada from C$102.00 to C$105.00 in a research report on Friday, August 25th. Finally, National Bank Financial reduced their price objective on shares of Royal Bank of Canada from C$101.00 to C$99.00 and set a “sector perform” rating for the company in a research report on Thursday, August 24th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$104.67.

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Royal Bank of Canada Company Profile

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.

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

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