Royal Bank of Canada (TSE:RY) (NYSE:RY) insider Alex Douglas Mcgregor sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of C$93.10, for a total transaction of C$931,000.00.

Royal Bank of Canada (TSE RY) opened at 94.40 on Friday. The stock’s 50 day moving average is $92.59 and its 200-day moving average is $94.32. Royal Bank of Canada has a 12-month low of $80.35 and a 12-month high of $99.90. The company has a market capitalization of $137.63 billion and a P/E ratio of 12.89.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Shareholders of record on Thursday, October 26th will be issued a $0.91 dividend. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $0.87. This represents a $3.64 annualized dividend and a dividend yield of 3.86%.

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RY has been the subject of a number of research reports. National Bank Financial reissued a “sector perform” rating and issued a C$99.00 price target on shares of Royal Bank of Canada in a report on Friday, May 26th. Scotiabank increased their price target on shares of Royal Bank of Canada from C$101.00 to C$102.00 and gave the company an “outperform” rating in a report on Friday, May 26th. BMO Capital Markets reissued a “market perform” rating and issued a C$100.00 price target on shares of Royal Bank of Canada in a report on Thursday, August 24th. Eight Capital increased their price target on shares of Royal Bank of Canada from C$102.00 to C$105.00 in a report on Friday, August 25th. Finally, Barclays PLC increased their price target on shares of Royal Bank of Canada from C$94.20 to C$96.00 in a report on Friday, August 25th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of C$99.75.

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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