Royal Bank of Canada (TSE:RY) Insider Katherine Gibson Sells 462 Shares

Royal Bank of Canada (TSE:RY) (NYSE:RY) insider Katherine Gibson sold 462 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of C$261.83, for a total value of C$120,965.46. Following the completion of the sale, the insider owned 290 shares in the company, valued at approximately C$75,930.70. This represents a 61.44% decrease in their ownership of the stock.

Katherine Gibson also recently made the following trade(s):

• On Wednesday, April 22nd, Katherine Gibson sold 462 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$242.82, for a total value of C$112,182.84.

Royal Bank of Canada Stock Performance

Shares of RY stock traded up C$1.29 during trading hours on Monday, hitting C$263.26. The company had a trading volume of 575,362 shares, compared to its average volume of 3,765,957. Royal Bank of Canada has a 12 month low of C$171.29 and a 12 month high of C$265.10. The firm has a market capitalization of C$366.07 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 3.42 and a beta of 1.14. The firm’s fifty day moving average is C$237.29 and its 200 day moving average is C$230.15.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last released its quarterly earnings data on Thursday, February 26th. The financial services provider reported C$4.08 earnings per share for the quarter. Royal Bank of Canada had a return on equity of 15.37% and a net margin of 20.88%.The company had revenue of C$17.96 billion for the quarter. On average, sell-side analysts expect that Royal Bank of Canada will post 12.3454675 EPS for the current fiscal year.

Royal Bank of Canada Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 22nd were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Thursday, April 23rd. Royal Bank of Canada’s payout ratio is currently 42.58%.

Wall Street Analysts Forecast Growth

RY has been the topic of several recent analyst reports. TD boosted their target price on shares of Royal Bank of Canada from C$259.00 to C$267.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Barclays raised their price target on Royal Bank of Canada from C$244.00 to C$245.00 in a report on Friday, February 27th. Raymond James Financial cut Royal Bank of Canada from a “moderate buy” rating to a “hold” rating and raised their price target for the company from C$248.00 to C$265.50 in a report on Tuesday, May 12th. Desjardins raised their price target on Royal Bank of Canada from C$250.00 to C$262.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Finally, Canaccord Genuity Group raised their price target on Royal Bank of Canada from C$260.00 to C$270.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Royal Bank of Canada has a consensus rating of “Moderate Buy” and an average price target of C$253.19.

Royal Bank of Canada Company Profile

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 101,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S.