Insider Selling: Royal Bank of Canada (TSE:RY) Senior Officer Sells 1,538 Shares of Stock

Royal Bank of Canada (TSE:RY) (NYSE:RY) Senior Officer Douglas Antony Guzman sold 1,538 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was 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 of the company’s stock, valued at C$4,427.24. This trade 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 shares were sold at an average price of C$167.95, for a total value of C$2,855,150.00.

Royal Bank of Canada Trading Down 0.1 %

RY stock traded down C$0.24 on Thursday, hitting C$172.77. The company’s stock had a trading volume of 1,144,834 shares, compared to its average volume of 4,715,868. The stock has a market cap of C$243.61 billion, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a 1 year low of C$127.60 and a 1 year high of C$180.45. The firm has a 50 day moving average of C$173.33 and a two-hundred day moving average of C$160.79.

Royal Bank of Canada Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Monday, January 27th will be issued a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 3.43%. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $1.42. Royal Bank of Canada’s payout ratio is presently 50.31%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. TD Securities cut Royal Bank of Canada from a “buy” rating to a “hold” rating and boosted their price objective for the company from C$178.00 to C$180.00 in a research report on Friday, November 15th. Bank of America increased their price target on Royal Bank of Canada from C$162.00 to C$180.00 in a report on Thursday, August 29th. Barclays raised shares of Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 21st. Cormark increased their price objective on shares of Royal Bank of Canada from C$166.00 to C$171.00 in a research report on Thursday, August 29th. Finally, BMO Capital Markets decreased their target price on Royal Bank of Canada from C$195.00 to C$193.00 in a research note on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of C$176.58.

About Royal Bank of Canada

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.