Royal Bank of Canada (RY) Insider Helena Gottschling Sells 1,080 Shares

Royal Bank of Canada (TSE:RY) (NYSE:RY) insider Helena Gottschling sold 1,080 shares of the stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of C$108.12, for a total value of C$116,769.60.

Shares of Royal Bank of Canada (RY) traded up C$0.33 during midday trading on Tuesday, hitting C$108.05. The company had a trading volume of 3,140,935 shares, compared to its average volume of 2,139,611. Royal Bank of Canada has a 52 week low of C$90.13 and a 52 week high of C$108.52. The company has a market capitalization of $156,750.00, a PE ratio of 14.29 and a beta of 0.72.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last released its earnings results on Wednesday, November 29th. The financial services provider reported C$1.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$1.88 by C$0.04. Royal Bank of Canada had a return on equity of 16.63% and a net margin of 26.20%.

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 paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date is Wednesday, January 24th. Royal Bank of Canada’s payout ratio is 46.03%.

Several equities research analysts have recently commented on the company. CSFB increased their price objective on Royal Bank of Canada from C$108.00 to C$114.00 in a report on Friday. National Bank Financial increased their price objective on Royal Bank of Canada from C$105.00 to C$107.00 and gave the company a “sector perform” rating in a report on Friday, January 12th. Eight Capital increased their price objective on Royal Bank of Canada from C$105.00 to C$107.00 in a report on Thursday, November 30th. Canaccord Genuity increased their price objective on Royal Bank of Canada from C$105.00 to C$108.00 in a report on Thursday, November 30th. Finally, BMO Capital Markets increased their price objective on Royal Bank of Canada from C$100.00 to C$102.00 and gave the company a “market perform” rating in a report on Thursday, November 30th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Royal Bank of Canada currently has a consensus rating of “Hold” and an average price target of C$108.08.

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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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