Insider Selling: Royal Bank of Canada (TSE:RY) Senior Officer Sells 401 Shares of Stock

Royal Bank of Canada (TSE:RY - Get Free Report) NYSE: RY Senior Officer Jennifer Kristine Publicover sold 401 shares of the business's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of C$182.30, for a total value of C$73,102.98. Following the completion of the sale, the insider owned 152 shares of the company's stock, valued at C$27,709.86. This trade represents a 72.51% decrease in their ownership of the stock.

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

• On Friday, June 20th, Jennifer Kristine Publicover sold 401 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$175.47, for a total transaction of C$70,363.23.
• 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.

Royal Bank of Canada Trading Up 0.5%

TSE RY traded up C$0.90 on Friday, hitting C$180.97. 5,498,027 shares of the company's stock were exchanged, compared to its average volume of 4,525,836. The stock has a 50-day moving average of C$177.45 and a 200-day moving average of C$170.45. The stock has a market cap of C$256.07 billion, a price-to-earnings ratio of 15.77, a P/E/G ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a 52 week low of C$145.58 and a 52 week high of C$183.11.

Royal Bank of Canada Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 22nd will be given a dividend of $1.54 per share. This is an increase from Royal Bank of Canada's previous quarterly dividend of $1.48. This represents a $6.16 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend is Thursday, July 24th. Royal Bank of Canada's dividend payout ratio is currently 49.49%.

Analyst Ratings Changes

A number of brokerages have issued reports on RY. National Bankshares set a C$179.00 target price on shares of Royal Bank of Canada and gave the stock an "outperform" rating in a research report on Thursday, May 22nd. Canaccord Genuity Group set a C$194.00 price target on Royal Bank of Canada and gave the company a "buy" rating in a research note on Tuesday, June 24th. Cibc World Mkts upgraded Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a research note on Thursday, April 3rd. Jefferies Financial Group dropped their price objective on Royal Bank of Canada from C$195.00 to C$180.00 in a report on Monday, April 21st. Finally, National Bank Financial downgraded Royal Bank of Canada from an "outperform" rating to a "sector perform" rating in a research report on Thursday, May 29th. 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, the stock has an average rating of "Buy" and a consensus target price 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.