Jennifer Kristine Publicover Sells 401 Shares of Royal Bank of Canada (TSE:RY) Stock

Royal Bank of Canada (TSE:RY - Get Free Report) NYSE: RY Senior Officer Jennifer Kristine Publicover sold 401 shares of Royal Bank of Canada stock in a transaction that occurred on 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 trade represents a 72.51% decrease in their ownership of the stock.

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 shares were sold at an average price of C$160.27, for a total transaction of C$64,266.71.

Royal Bank of Canada Stock Down 0.3%

Shares of Royal Bank of Canada stock traded down C$0.52 during mid-day trading on Monday, hitting C$174.32. The stock had a trading volume of 950,332 shares, compared to its average volume of 4,550,086. The firm has a market cap of C$246.66 billion, a P/E ratio of 15.19, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a 12-month low of C$142.46 and a 12-month high of C$180.45. The firm has a 50-day moving average of C$170.30 and a two-hundred day moving average of C$169.56.

Royal Bank of Canada Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Thursday, July 24th will be issued a $1.54 dividend. This is a positive change from Royal Bank of Canada's previous quarterly dividend of $1.48. This represents a $6.16 annualized dividend and a yield of 3.53%. Royal Bank of Canada's payout ratio is 49.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. TD Securities reduced their price target on Royal Bank of Canada from C$180.00 to C$178.00 and set a "hold" rating for the company in a report on Friday, February 28th. CIBC lifted their price target on shares of Royal Bank of Canada from C$182.00 to C$183.00 and gave the company an "outperform" rating in a research note on Thursday, June 5th. Barclays increased their price objective on shares of Royal Bank of Canada from C$180.00 to C$182.00 and gave the company an "overweight" rating in a report on Monday, June 9th. National Bank Financial downgraded shares of Royal Bank of Canada from an "outperform" rating to a "sector perform" rating in a research report on Thursday, May 29th. Finally, Cormark dropped their price target on Royal Bank of Canada from C$194.00 to C$189.00 in a research report on Friday, February 28th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Royal Bank of Canada currently has an average rating of "Buy" and an average price target of C$183.75.

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.

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