Royal Bank of Canada (TSE:RY) (NYSE:RY) Senior Officer Alex Douglas Mcgregor sold 15,000 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of C$105.25, for a total value of C$1,578,690.00. Following the completion of the sale, the insider now owns 54,675 shares of the company’s stock, valued at C$5,754,325.05.

Alex Douglas Mcgregor also recently made the following trade(s):

  • On Monday, September 9th, Alex Douglas Mcgregor sold 10,000 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$100.96, for a total value of C$1,009,557.00.
  • On Tuesday, August 27th, Alex Douglas Mcgregor sold 10,000 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$97.70, for a total value of C$977,031.00.
  • On Tuesday, June 18th, Alex Douglas Mcgregor sold 10,000 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$104.87, for a total value of C$1,048,680.00.

RY stock traded up C$1.07 during trading on Friday, hitting C$105.25. 3,651,622 shares of the company traded hands, compared to its average volume of 2,685,645. The stock’s 50-day simple moving average is C$100.91 and its 200 day simple moving average is C$103.36. The company has a market cap of $148.04 billion and a PE ratio of 12.01. Royal Bank of Canada has a 1 year low of C$90.10 and a 1 year high of C$107.91.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last announced its quarterly earnings results on Wednesday, August 21st. The financial services provider reported C$2.26 earnings per share for the quarter, missing the consensus estimate of C$2.31 by C($0.05). The company had revenue of C$11.54 billion during the quarter, compared to the consensus estimate of C$11.81 billion. Research analysts predict that Royal Bank of Canada will post 9.3799996 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 24th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.11%. The ex-dividend date of this dividend is Wednesday, October 23rd. Royal Bank of Canada’s payout ratio is currently 45.64%.

Several research analysts have recently issued reports on the company. BMO Capital Markets reduced their price objective on Royal Bank of Canada from C$114.00 to C$109.00 in a research note on Thursday, August 22nd. Eight Capital reduced their price objective on Royal Bank of Canada from C$114.00 to C$113.00 in a research note on Wednesday, September 4th. Citigroup reduced their price objective on Royal Bank of Canada from C$120.00 to C$113.00 in a research note on Monday. Cormark reduced their price objective on Royal Bank of Canada from C$112.00 to C$111.00 in a research note on Thursday, August 22nd. Finally, CIBC reduced their price objective on Royal Bank of Canada from C$110.00 to C$109.00 in a research note on Thursday, August 22nd.

Royal Bank of Canada Company Profile

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers check and savings accounts; home equity and auto financing, personal lending, private banking, mutual fund, self-directed brokerage account, and guaranteed investment certificate services; and credit cards, and payment products and solutions for individuals.

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

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