Royal Bank of Canada (TSE:RY) Senior Officer Douglas Antony Guzman Sells 1,538 Shares

Royal Bank of Canada (TSE:RY) (NYSE:RY) Senior Officer Douglas Antony Guzman sold 1,538 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of C$177.09, for a total value of C$272,363.80. Following the sale, the insider now owns 25 shares in the company, valued at approximately C$4,427.24. This represents a 98.40 % decrease in their ownership of the stock.

Douglas Antony Guzman also recently made the following trade(s):

• On Wednesday, October 2nd, Douglas Antony Guzman sold 7,500 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$166.96, for a total transaction of C$1,252,207.50.
• On Thursday, September 26th, Douglas Antony Guzman sold 17,000 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$167.95, for a total value of C$2,855,150.00.

Royal Bank of Canada Stock Down 0.4 %

Shares of RY stock opened at C$172.31 on Friday. The company’s fifty day simple moving average is C$173.45 and its 200-day simple moving average is C$161.01. Royal Bank of Canada has a 12 month low of C$127.60 and a 12 month high of C$180.45. The firm has a market cap of C$242.96 billion, a PE ratio of 15.26, a P/E/G ratio of 3.42 and a beta of 0.84.

Royal Bank of Canada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Investors of record on Monday, January 27th will be given a dividend of $1.48 per share. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $1.42. This represents a $5.92 annualized dividend and a yield of 3.44%. Royal Bank of Canada’s dividend payout ratio is 50.31%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Barclays upgraded shares of Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. Cormark raised their target price on shares of Royal Bank of Canada from C$166.00 to C$171.00 in a research note on Thursday, August 29th. Scotiabank lifted their price objective on Royal Bank of Canada from C$167.00 to C$197.00 in a research note on Monday, November 25th. National Bankshares upped their target price on shares of Royal Bank of Canada from C$181.00 to C$188.00 in a research note on Thursday, December 5th. Finally, BMO Capital Markets lowered their price target on Royal Bank of Canada from C$195.00 to C$193.00 in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, Royal Bank of Canada has a consensus rating of “Buy” and an average target price of C$176.58.

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 checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.