Jennifer Kristine Publicover Sells 439 Shares of Royal Bank of Canada (TSE:RY) Stock

Royal Bank of Canada (TSE:RY) (NYSE:RY) insider Jennifer Kristine Publicover sold 439 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of C$261.83, for a total value of C$114,943.37. Following the transaction, the insider directly owned 152 shares in the company, valued at approximately C$39,798.16. This trade represents a 74.28% decrease in their position.

Jennifer Kristine Publicover also recently made the following trade(s):

• On Wednesday, April 22nd, Jennifer Kristine Publicover sold 439 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$106,597.98.

Royal Bank of Canada Stock Up 0.5%

Shares of Royal Bank of Canada stock traded up C$1.29 on Monday, hitting C$263.26. The stock had a trading volume of 575,362 shares, compared to its average volume of 3,765,957. Royal Bank of Canada has a twelve month low of C$171.29 and a twelve month high of C$265.10. The business’s 50 day moving average is C$237.29 and its two-hundred day moving average is C$230.15. The stock has a market cap of C$366.07 billion, a price-to-earnings ratio of 18.08, a price-to-earnings-growth ratio of 3.42 and a beta of 1.14.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last posted its earnings results on Thursday, February 26th. The financial services provider reported C$4.08 EPS 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. As a group, equities analysts predict that Royal Bank of Canada will post 12.3454675 earnings per share for the current fiscal year.

Royal Bank of Canada Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors 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 42.58%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. TD Securities decreased their target price on shares of Royal Bank of Canada from C$260.00 to C$259.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Jefferies Financial Group raised their target price on shares of Royal Bank of Canada from C$226.00 to C$232.00 in a report on Wednesday, May 20th. Scotiabank upped their target price on Royal Bank of Canada from C$247.00 to C$252.00 and gave the stock a “sector outperform” rating in a research note on Monday, May 4th. Desjardins upped their target price on Royal Bank of Canada from C$250.00 to C$262.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Finally, National Bank Financial upped their target price on Royal Bank of Canada from C$257.00 to C$271.00 and gave the stock an “outperform” rating in a research note on Friday, May 15th. One investment 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, the company has an average rating of “Moderate Buy” and a consensus target price of C$253.19.

About Royal Bank of Canada

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.