Royal Bank of Canada (TSE:RY) (NYSE:RY) insider Helena Gottschling sold 1,079 shares of the business’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of C$104.05, for a total transaction of C$112,269.95.

Helena Gottschling also recently made the following trade(s):

  • On Wednesday, August 22nd, Helena Gottschling sold 1,079 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$103.48, for a total transaction of C$111,654.92.
  • On Monday, July 23rd, Helena Gottschling sold 1,080 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$101.65, for a total transaction of C$109,782.00.

Shares of Royal Bank of Canada stock opened at C$104.34 on Tuesday. Royal Bank of Canada has a 1 year low of C$94.01 and a 1 year high of C$108.52.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last issued its earnings results on Wednesday, August 22nd. The financial services provider reported C$2.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$2.11 by C$0.03. The business had revenue of C$11.03 billion for the quarter, compared to analyst estimates of C$10.75 billion. Royal Bank of Canada had a net margin of 26.17% and a return on equity of 16.49%.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 23rd. Stockholders of record on Thursday, October 25th will be paid a $0.98 dividend. This represents a $3.92 dividend on an annualized basis and a dividend yield of 3.76%. The ex-dividend date is Wednesday, October 24th. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $0.94.

RY has been the topic of a number of recent analyst reports. CIBC cut their price objective on shares of Royal Bank of Canada from C$114.00 to C$109.00 in a report on Monday, June 11th. Eight Capital boosted their price objective on shares of Royal Bank of Canada from C$119.00 to C$122.00 in a report on Thursday, August 23rd. BMO Capital Markets reiterated a “market perform” rating and issued a C$106.00 price objective on shares of Royal Bank of Canada in a report on Monday, June 18th. Finally, National Bank Financial boosted their price objective on shares of Royal Bank of Canada from C$109.00 to C$111.00 and gave the stock an “outperform” rating in a report on Thursday, August 23rd. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of C$111.80.

About Royal Bank of Canada

Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers personal and business banking services, as well as auto financing and retail investment products. This segment also provides a suite of financial products and services to individual, business clients, and public institutions through its branch, automated teller machines, online, mobile, and telephone banking networks, as well as through sales professionals.

Further Reading: Short Selling

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

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