Royal Bank of Canada (TSE:RY) Senior Officer Douglas Antony Guzman Sells 10,270 Shares

Royal Bank of Canada (TSE:RY) (NYSE:RY) Senior Officer Douglas Antony Guzman sold 10,270 shares of the firm’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of C$166.20, for a total value of C$1,706,874.00. Following the completion of the sale, the insider now owns 25 shares in the company, valued at C$4,155.

Douglas Antony Guzman also recently made the following trade(s):

• On Friday, September 6th, Douglas Antony Guzman sold 15,000 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$165.00, for a total value of C$2,475,000.00.
• On Wednesday, September 4th, Douglas Antony Guzman sold 10,000 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$164.60, for a total transaction of C$1,646,000.00.

Royal Bank of Canada Stock Performance

Royal Bank of Canada stock opened at C$167.46 on Thursday. Royal Bank of Canada has a fifty-two week low of C$107.92 and a fifty-two week high of C$167.46. The firm has a market capitalization of C$236.12 billion, a price-to-earnings ratio of 14.83, a price-to-earnings-growth ratio of 10.64 and a beta of 0.84. The stock’s fifty day moving average is C$154.12 and its two-hundred day moving average is C$144.40.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last issued its quarterly earnings data on Wednesday, August 28th. The financial services provider reported C$3.26 EPS for the quarter, beating analysts’ consensus estimates of C$2.95 by C$0.31. Royal Bank of Canada had a net margin of 28.67% and a return on equity of 13.68%. The firm had revenue of C$14.63 billion for the quarter, compared to analysts’ expectations of C$14.27 billion.

Royal Bank of Canada Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 24th will be issued a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 3.39%. The ex-dividend date of this dividend is Thursday, October 24th. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 50.31%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on RY. CIBC increased their price target on shares of Royal Bank of Canada from C$166.00 to C$167.00 in a research note on Friday, September 6th. Bank of America increased their target price on shares of Royal Bank of Canada from C$162.00 to C$180.00 in a research note on Thursday, August 29th. Desjardins boosted their price target on Royal Bank of Canada from C$156.00 to C$163.00 and gave the company a “buy” rating in a research report on Tuesday, August 6th. Argus raised Royal Bank of Canada to a “strong-buy” rating in a research note on Thursday, June 6th. Finally, UBS Group set a C$165.00 target price on Royal Bank of Canada and gave the company a “buy” rating in a research note on Tuesday, July 2nd. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of C$161.57.

Royal Bank of Canada Company Profile

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.