Royal Bank of Canada (TSE:RY) Senior Officer Douglas Antony Guzman Sells 17,000 Shares

Royal Bank of Canada (TSE:RY) (NYSE:RY) Senior Officer Douglas Antony Guzman sold 17,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of C$167.95, for a total value of C$2,855,150.00. Following the completion of the sale, the insider now directly owns 25 shares of the company’s stock, valued at approximately C$4,198.75.

Douglas Antony Guzman also recently made the following trade(s):

• On Thursday, September 12th, Douglas Antony Guzman sold 10,000 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$167.91, for a total transaction of C$1,679,100.00.
• On Monday, September 9th, Douglas Antony Guzman sold 10,270 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$166.20, for a total transaction of C$1,706,874.00.
• On Friday, September 6th, Douglas Antony Guzman sold 15,000 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$165.00, for a total transaction of C$2,475,000.00.
• On Wednesday, September 4th, Douglas Antony Guzman sold 10,000 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$164.60, for a total transaction of C$1,646,000.00.

Royal Bank of Canada Stock Up 0.0 %

TSE RY opened at C$167.84 on Monday. The firm has a 50-day moving average price of C$157.78 and a two-hundred day moving average price of C$147.07. Royal Bank of Canada has a 12-month low of C$107.92 and a 12-month high of C$169.04. The company has a market capitalization of C$236.65 billion, a P/E ratio of 14.88, a P/E/G ratio of 10.64 and a beta of 0.84.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last issued its quarterly earnings results on Wednesday, August 28th. The financial services provider reported C$3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$2.95 by C$0.31. Royal Bank of Canada had a return on equity of 13.68% and a net margin of 28.67%. The business had revenue of C$14.63 billion for the quarter, compared to the consensus estimate of C$14.27 billion. Equities analysts expect that Royal Bank of Canada will post 12.7644788 EPS for the current year.

Royal Bank of Canada Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 22nd will be given a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 3.38%. The ex-dividend date of this dividend is Thursday, October 24th. Royal Bank of Canada’s payout ratio is currently 50.35%.

Wall Street Analyst Weigh In

Several research firms have issued reports on RY. National Bankshares upped their price objective on Royal Bank of Canada from C$160.00 to C$169.00 in a research note on Thursday, August 29th. Bank of America increased their price target on Royal Bank of Canada from C$162.00 to C$180.00 in a research note on Thursday, August 29th. CIBC raised their price target on Royal Bank of Canada from C$166.00 to C$167.00 in a report on Friday, September 6th. Canaccord Genuity Group upped their price objective on shares of Royal Bank of Canada from C$159.50 to C$172.00 in a report on Thursday, August 29th. Finally, Scotiabank cut their target price on shares of Royal Bank of Canada from C$157.00 to C$154.00 in a research note on Monday, August 19th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of C$163.38.

Royal Bank of Canada Company Profile

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.