Kelly Bradley Sells 5,142 Shares of Royal Bank of Canada (TSE:RY) Stock

Key Points

• Insider sale: Kelly Bradley sold 5,142 Royal Bank of Canada shares for approximately C$1.46 million at an average price of C$283.07, reducing their position by 83.14% to 1,043 shares.
• Financial performance and dividend: Royal Bank of Canada reported quarterly EPS of C$4.28 and revenue of C$18.54 billion, while increasing its quarterly dividend to $1.76 per share, equivalent to a 2.4% annual yield.
• Analyst outlook: Analysts maintain a consensus “Moderate Buy” rating, with an average price target of C$292.86; the stock recently traded at C$291.73.

Royal Bank of Canada (TSE:RY - Get Free Report) NYSE: RY insider Kelly Bradley sold 5,142 shares of the firm's stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of C$283.07, for a total transaction of C$1,455,545.94. Following the completion of the transaction, the insider owned 1,043 shares of the company's stock, valued at approximately C$295,242.01. This trade represents a 83.14% decrease in their position.

Kelly Bradley also recently made the following trade(s):

• On Tuesday, September 1st, Kelly Bradley sold 1,740 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$283.04, for a total transaction of C$492,489.60.
• On Tuesday, September 1st, Kelly Bradley sold 3,454 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$283.05, for a total transaction of C$977,654.70.
• On Tuesday, September 1st, Kelly Bradley sold 3,974 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$283.05, for a total transaction of C$1,124,840.70.
• On Tuesday, September 1st, Kelly Bradley sold 3,076 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$283.03, for a total transaction of C$870,600.28.
• On Tuesday, September 1st, Kelly Bradley sold 1,644 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$283.03, for a total transaction of C$465,301.32.

Royal Bank of Canada Price Performance

Shares of Royal Bank of Canada stock traded up C$3.84 during trading on Thursday, hitting C$291.73. The company's stock had a trading volume of 999,755 shares, compared to its average volume of 3,519,545. The stock has a market cap of C$403.88 billion, a price-to-earnings ratio of 18.39, a price-to-earnings-growth ratio of 3.42 and a beta of 1.05. Royal Bank of Canada has a 52 week low of C$199.17 and a 52 week high of C$306.38. The stock has a 50-day moving average price of C$293.31 and a two-hundred day moving average price of C$261.95.

Royal Bank of Canada (TSE:RY - Get Free Report) NYSE: RY last announced its earnings results on Thursday, August 27th. The financial services provider reported C$4.28 earnings per share (EPS) for the quarter. The business had revenue of C$18.54 billion during the quarter. Royal Bank of Canada had a return on equity of 16.11% and a net margin of 15.92%. On average, equities analysts predict that Royal Bank of Canada will post 12.3454675 EPS for the current fiscal year.

Royal Bank of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Stockholders of record on Monday, August 24th were given a dividend of $1.76 per share. This represents a $7.04 dividend on an annualized basis and a dividend yield of 2.4%. This is a positive change from Royal Bank of Canada's previous quarterly dividend of $1.64. The ex-dividend date was Monday, July 27th. Royal Bank of Canada's dividend payout ratio is 41.49%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on RY shares. Keefe, Bruyette & Woods upped their target price on Royal Bank of Canada from C$316.00 to C$324.00 in a report on Monday. Desjardins set a C$320.00 price target on shares of Royal Bank of Canada and gave the stock a "buy" rating in a research report on Wednesday. Scotiabank upped their price objective on shares of Royal Bank of Canada from C$275.00 to C$280.00 and gave the company a "sector outperform" rating in a research note on Tuesday, June 16th. Canadian Imperial Bank of Commerce decreased their price objective on shares of Royal Bank of Canada from C$311.00 to C$300.00 and set a "neutral" rating for the company in a research report on Thursday. Finally, Canaccord Genuity Group lifted their target price on shares of Royal Bank of Canada from C$310.00 to C$318.00 and gave the stock a "buy" rating in a research note on Friday, August 28th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of C$292.86.

Royal Bank of Canada Company Profile

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.

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