Royal Bank of Canada (TSE:RY) (NYSE:RY) insider Helena Gottschling sold 1,080 shares of the company’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of C$108.12, for a total value of C$116,769.60.

Shares of Royal Bank of Canada (TSE:RY) opened at C$105.52 on Friday. The company has a market capitalization of $154,090.00, a P/E ratio of 13.96 and a beta of 0.72. Royal Bank of Canada has a twelve month low of C$90.13 and a twelve month high of C$108.52.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last released its quarterly earnings data on Wednesday, November 29th. The financial services provider reported C$1.92 EPS for the quarter, beating the consensus estimate of C$1.88 by C$0.04. Royal Bank of Canada had a return on equity of 16.63% and a net margin of 26.20%.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Thursday, January 25th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend is Wednesday, January 24th. Royal Bank of Canada’s dividend payout ratio is 46.03%.

A number of research firms recently issued reports on RY. Eight Capital raised Royal Bank of Canada from a “neutral” rating to a “buy” rating and increased their target price for the stock from C$107.00 to C$113.00 in a research note on Monday, December 11th. Desjardins increased their target price on Royal Bank of Canada from C$108.00 to C$109.00 in a research note on Thursday, November 30th. CSFB increased their target price on Royal Bank of Canada from C$105.00 to C$108.00 and gave the stock an “outperform” rating in a research note on Thursday, November 30th. BMO Capital Markets increased their target price on Royal Bank of Canada from C$100.00 to C$102.00 and gave the stock a “market perform” rating in a research note on Thursday, November 30th. Finally, CIBC increased their target price on Royal Bank of Canada from C$103.00 to C$113.00 in a research note on Monday, November 13th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of C$108.08.

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About Royal Bank of Canada

Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.

Insider Buying and Selling by Quarter for Royal Bank of Canada (TSE:RY)

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