Royal Bank of Canada (TSE:RY) Senior Officer Sells C$70,363.23 in Stock

Royal Bank of Canada (TSE:RY - Get Free Report) NYSE: RY Senior Officer Jennifer Kristine Publicover sold 401 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of C$175.47, for a total transaction of C$70,363.23. Following the transaction, the insider now directly owns 152 shares of the company's stock, valued at approximately C$26,671.35. This represents a 72.51% decrease in their position.

Jennifer Kristine Publicover also recently made the following trade(s):

• On Thursday, May 22nd, Jennifer Kristine Publicover sold 401 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$174.06, for a total transaction of C$69,798.94.
• On Tuesday, April 22nd, Jennifer Kristine Publicover sold 401 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$160.27, for a total transaction of C$64,266.71.

Royal Bank of Canada Trading Up 1.1%

TSE:RY traded up C$1.89 during trading hours on Thursday, hitting C$177.61. The stock had a trading volume of 3,583,988 shares, compared to its average volume of 4,533,883. The company has a market cap of C$251.32 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. The business has a 50 day simple moving average of C$171.21 and a two-hundred day simple moving average of C$169.56. Royal Bank of Canada has a 1-year low of C$144.04 and a 1-year high of C$180.45.

Royal Bank of Canada Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Thursday, July 24th will be issued a dividend of $1.54 per share. This represents a $6.16 dividend on an annualized basis and a yield of 3.47%. This is a positive change from Royal Bank of Canada's previous quarterly dividend of $1.48. Royal Bank of Canada's dividend payout ratio (DPR) is presently 49.49%.

Wall Street Analyst Weigh In

RY has been the subject of a number of research reports. CIBC boosted their price target on Royal Bank of Canada from C$182.00 to C$183.00 and gave the company an "outperform" rating in a research report on Thursday, June 5th. Barclays lifted their price objective on Royal Bank of Canada from C$180.00 to C$182.00 and gave the company an "overweight" rating in a research note on Monday, June 9th. Scotiabank upgraded shares of Royal Bank of Canada to a "strong-buy" rating in a report on Thursday, May 15th. Jefferies Financial Group decreased their price objective on shares of Royal Bank of Canada from C$195.00 to C$180.00 in a research note on Monday, April 21st. Finally, National Bank Financial lowered shares of Royal Bank of Canada from an "outperform" rating to a "sector perform" rating in a research report on Thursday, May 29th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Royal Bank of Canada currently has an average rating of "Buy" and an average price target of C$184.54.

Royal Bank of Canada Company Profile

Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the U.S.