News coverage about Royal Bank of Canada (TSE:RY) (NYSE:RY) has been trending negative recently, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Royal Bank of Canada earned a media sentiment score of -2.00 on their scale. InfoTrie also assigned press coverage about the financial services provider an news buzz score of 0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the near future.

Here are some of the media stories that may have effected Royal Bank of Canada’s ranking:

Shares of RY stock opened at C$104.76 on Friday. Royal Bank of Canada has a 52-week low of C$90.10 and a 52-week high of C$109.68. The stock has a market cap of $153.82 billion and a price-to-earnings ratio of 11.95. The firm has a fifty day moving average of C$107.65 and a 200-day moving average of C$104.59.

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Monday, January 27th will be given a dividend of $1.05 per share. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $0.03. This represents a $4.20 annualized dividend and a dividend yield of 4.01%. Royal Bank of Canada’s payout ratio is 45.64%.

RY has been the topic of several research reports. National Bank Financial dropped their price objective on shares of Royal Bank of Canada from C$117.00 to C$116.00 and set an “outperform” rating on the stock in a report on Thursday. Eight Capital reduced their target price on shares of Royal Bank of Canada from C$114.00 to C$113.00 in a research note on Wednesday, September 4th. Cormark reduced their target price on shares of Royal Bank of Canada from C$112.00 to C$111.00 in a research note on Thursday, August 22nd. CIBC raised Royal Bank of Canada from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from C$109.00 to C$120.00 in a research report on Thursday, November 21st. Finally, Citigroup cut their price target on Royal Bank of Canada from C$120.00 to C$113.00 in a report on Monday, September 9th.

In other Royal Bank of Canada news, Senior Officer Helena Gottschling sold 882 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was sold at an average price of C$107.98, for a total value of C$95,240.12. Following the sale, the insider now directly owns 1,415 shares in the company, valued at C$152,794.53. Also, Senior Officer Alex Douglas Mcgregor sold 10,000 shares of the stock in a transaction on Monday, September 9th. The stock was sold at an average price of C$100.96, for a total value of C$1,009,557.00. Following the transaction, the insider now owns 54,675 shares of the company’s stock, valued at C$5,519,752.90. Over the last quarter, insiders have sold 47,398 shares of company stock worth $5,009,563.

About Royal Bank of Canada

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers check and savings accounts; home equity and auto financing, personal lending, private banking, mutual fund, self-directed brokerage account, and guaranteed investment certificate services; and credit cards, and payment products and solutions for individuals.

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