Douglas Antony Guzman Sells 10,000 Shares of Royal Bank of Canada (TSE:RY) Stock

Royal Bank of Canada (TSE:RY) (NYSE:RY) Senior Officer Douglas Antony Guzman sold 10,000 shares of the firm’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$167.91, for a total value of C$1,679,100.00. Following the transaction, the insider now directly owns 25 shares of the company’s stock, valued at approximately C$4,197.75.

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

• On Monday, September 9th, Douglas Antony Guzman sold 10,270 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$166.20, for a total value of C$1,706,874.00.
• On Friday, September 6th, Douglas Antony Guzman sold 15,000 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$165.00, for a total transaction of C$2,475,000.00.
• On Wednesday, September 4th, Douglas Antony Guzman sold 10,000 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$164.60, for a total transaction of C$1,646,000.00.

Royal Bank of Canada Price Performance

Shares of RY opened at C$168.02 on Friday. The company has a market capitalization of C$236.91 billion, a PE ratio of 14.88, a price-to-earnings-growth ratio of 10.64 and a beta of 0.84. Royal Bank of Canada has a one year low of C$107.92 and a one year high of C$168.81. The company’s fifty day moving average price is C$154.87 and its 200 day moving average price is C$144.82.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last announced its earnings results on Wednesday, August 28th. The financial services provider reported C$3.26 EPS for the quarter, topping the consensus estimate of C$2.95 by C$0.31. The firm had revenue of C$14.63 billion for the quarter, compared to the consensus estimate of C$14.27 billion. Royal Bank of Canada had a net margin of 28.67% and a return on equity of 13.68%.

Royal Bank of Canada Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, October 24th will be issued a $1.42 dividend. The ex-dividend date is Thursday, October 24th. This represents a $5.68 annualized dividend and a yield of 3.38%. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 50.31%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Bank of America boosted their target price on shares of Royal Bank of Canada from C$162.00 to C$180.00 in a research note on Thursday, August 29th. Argus raised Royal Bank of Canada to a “strong-buy” rating in a research report on Thursday, June 6th. UBS Group set a C$165.00 target price on Royal Bank of Canada and gave the company a “buy” rating in a research note on Tuesday, July 2nd. Cormark increased their price target on shares of Royal Bank of Canada from C$166.00 to C$171.00 in a research report on Thursday, August 29th. Finally, Jefferies Financial Group lowered their price objective on shares of Royal Bank of Canada from C$168.00 to C$165.00 and set a “buy” rating on the stock in a research report on Monday, August 12th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$163.38.

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.