Royal Bank of Canada (TSE:RY – Get Free Report) (NYSE:RY) insider Bruce Washington Ross sold 3,659 shares of the company’s stock in a transaction dated Monday, August 24th. The stock was sold at an average price of C$279.97, for a total transaction of C$1,024,410.23. Following the completion of the transaction, the insider owned 235 shares in the company, valued at approximately C$65,792.95. The trade was a 93.97% decrease in their ownership of the stock.
Bruce Washington Ross also recently made the following trade(s):
- On Wednesday, July 22nd, Bruce Washington Ross sold 3,657 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$297.19, for a total transaction of C$1,086,823.83.
- On Tuesday, June 30th, Bruce Washington Ross sold 45,670 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$293.11, for a total transaction of C$13,386,333.70.
- On Monday, June 22nd, Bruce Washington Ross sold 3,657 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$284.86, for a total transaction of C$1,041,733.02.
- On Friday, June 12th, Bruce Washington Ross sold 41,724 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$279.37, for a total transaction of C$11,656,433.88.
- On Friday, June 5th, Bruce Washington Ross sold 38,730 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$270.88, for a total transaction of C$10,491,182.40.
Royal Bank of Canada Stock Performance
Shares of TSE:RY opened at C$284.17 on Friday. The firm has a market cap of C$394.90 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 3.42 and a beta of 1.05. The firm’s 50 day simple moving average is C$293.49 and its 200-day simple moving average is C$260.71. Royal Bank of Canada has a one year low of C$197.58 and a one year high of C$306.38.
Royal Bank of Canada Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 24th were issued a dividend of $1.76 per share. This represents a $7.04 annualized dividend and a yield of 2.5%. The ex-dividend date was Monday, July 27th. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $1.64. Royal Bank of Canada’s dividend payout ratio (DPR) is 41.35%.
Royal Bank of Canada News Roundup
Here are the key news stories impacting Royal Bank of Canada this week:
- Positive Sentiment: Record Q3 2026 earnings provided the main support. RBC reported C$4.28 in quarterly EPS and C$18.54 billion in revenue, with growth described as diversified across its businesses. Strong profitability, including a 15.95% return on equity, reinforces the bank’s earnings momentum. Royal Bank of Canada Reports Third Quarter 2026 Results
- Positive Sentiment: Analysts raised their outlooks following the results. Canaccord Genuity increased its price target from C$310 to C$318 and assigned a Buy rating. Scotia raised its target from C$311 to C$312 and maintained a Sector Outperform view. Both targets imply additional upside from recent levels. Royal Bank of Canada Analyst Ratings
- Positive Sentiment: TD remains bullish despite a small target reduction. TD lowered its price objective from C$307 to C$306 but retained a Buy rating, indicating that analysts continue to view RBC’s fundamentals favorably. Royal Bank of Canada Analyst Ratings
- Positive Sentiment: RBC’s recent dividend increase from $1.64 to $1.76 per share strengthens its shareholder-return appeal and signals management confidence in capital generation.
- Neutral Sentiment: Some investors argue that RBC’s strong performance is already reflected in its valuation. The bank trades at roughly 18.5 times earnings, so further gains may depend on continued earnings growth rather than multiple expansion. Royal Bank of Canada Another Record Quarter Same Valuation Problem
- Negative Sentiment: Insider Katherine Gibson sold 462 shares for approximately C$129,000, reducing her holdings by 61.44%. The transaction follows similar sales and may weigh slightly on sentiment, although it is not necessarily evidence of weakening business conditions. Royal Bank of Canada Insider Selling
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the company. TD dropped their price target on Royal Bank of Canada from C$307.00 to C$306.00 and set a “buy” rating on the stock in a research report on Friday. Jefferies Financial Group lifted their price objective on Royal Bank of Canada from C$240.00 to C$268.00 in a report on Thursday, August 13th. Desjardins upped their price objective on shares of Royal Bank of Canada from C$275.00 to C$320.00 and gave the stock a “buy” rating in a research note on Wednesday, August 5th. Raymond James Financial upped their price objective on shares of Royal Bank of Canada from C$270.50 to C$306.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 12th. Finally, National Bank Financial set a C$318.00 target price on shares of Royal Bank of Canada and gave the stock an “outperform” rating in a report on Monday, August 24th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Royal Bank of Canada presently has a consensus rating of “Moderate Buy” and a consensus price target of C$292.64.
Check Out Our Latest Analysis on Royal Bank of Canada
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.
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