Royal Bank of Canada (TSE:RY) Insider Katherine Gibson Sells 462 Shares

Royal Bank of Canada (TSE:RY) (NYSE:RY) insider Katherine Gibson sold 462 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of C$284.86, for a total value of C$131,605.32. Following the completion of the sale, the insider directly owned 290 shares of the company’s stock, valued at C$82,609.40. The trade was a 61.44% decrease in their ownership of the stock.

Katherine Gibson also recently made the following trade(s):

• On Friday, May 22nd, Katherine Gibson sold 462 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$261.83, for a total transaction of C$120,965.46.
• On Wednesday, April 22nd, Katherine Gibson sold 462 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$242.82, for a total transaction of C$112,182.84.

Royal Bank of Canada Price Performance

RY stock opened at C$288.03 on Thursday. The company has a market cap of C$400.26 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 3.42 and a beta of 1.08. The company has a fifty day moving average price of C$259.39 and a 200 day moving average price of C$240.44. Royal Bank of Canada has a 12 month low of C$175.03 and a 12 month high of C$289.82.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last issued its quarterly earnings data on Thursday, May 28th. The financial services provider reported C$3.90 earnings per share (EPS) for the quarter. Royal Bank of Canada had a net margin of 18.40% and a return on equity of 15.95%. The company had revenue of C$17.45 billion for the quarter. As a group, analysts anticipate that Royal Bank of Canada will post 12.3454675 earnings per share for the current year.

Royal Bank of Canada Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 22nd were paid a dividend of $1.64 per share. The ex-dividend date was Thursday, April 23rd. This represents a $6.56 annualized dividend and a dividend yield of 2.3%. Royal Bank of Canada’s dividend payout ratio is 41.35%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on RY shares. Canaccord Genuity Group boosted their price target on Royal Bank of Canada from C$280.00 to C$282.00 and gave the company a “buy” rating in a research report on Friday, June 5th. Scotiabank increased their price objective on Royal Bank of Canada from C$275.00 to C$280.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, June 16th. Canadian Imperial Bank of Commerce increased their price objective on Royal Bank of Canada from C$258.00 to C$279.00 and gave the stock a “neutral” rating in a research report on Friday, May 29th. Jefferies Financial Group lifted their target price on Royal Bank of Canada from C$226.00 to C$232.00 in a research note on Wednesday, May 20th. Finally, Desjardins boosted their target price on Royal Bank of Canada from C$262.00 to C$275.00 and gave the company a “buy” rating in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Royal Bank of Canada presently has an average rating of “Moderate Buy” and an average price target of C$260.81.

About Royal Bank of Canada

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 101,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S.