Jennifer Kristine Publicover Sells 439 Shares of Royal Bank of Canada (TSE:RY) Stock

by · The Cerbat Gem

Royal Bank of Canada (TSE:RY – Get Free Report) (NYSE:RY) insider Jennifer Kristine Publicover sold 439 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of C$261.83, for a total value of C$114,943.37. Following the sale, the insider owned 152 shares of the company’s stock, valued at approximately C$39,798.16. This represents a 74.28% decrease in their ownership of the stock.

Jennifer Kristine Publicover also recently made the following trade(s):

  • On Wednesday, April 22nd, Jennifer Kristine Publicover sold 439 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$242.82, for a total value of C$106,597.98.

Royal Bank of Canada Stock Performance

Shares of RY traded up C$1.29 during trading hours on Monday, reaching C$263.26. The stock had a trading volume of 575,362 shares, compared to its average volume of 3,765,957. Royal Bank of Canada has a 12 month low of C$171.29 and a 12 month high of C$265.10. The stock has a market capitalization of C$366.07 billion, a PE ratio of 18.08, a PEG ratio of 3.42 and a beta of 1.14. The company’s 50-day moving average is C$237.29 and its two-hundred day moving average is C$230.15.

Royal Bank of Canada (TSE:RY – Get Free Report) (NYSE:RY) last announced its quarterly earnings results on Thursday, February 26th. The financial services provider reported C$4.08 EPS for the quarter. Royal Bank of Canada had a return on equity of 15.37% and a net margin of 20.88%.The company had revenue of C$17.96 billion during the quarter. Equities analysts anticipate that Royal Bank of Canada will post 12.3454675 earnings per share for the current fiscal year.

Royal Bank of Canada Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 22nd were paid a $1.64 dividend. This represents a $6.56 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Thursday, April 23rd. Royal Bank of Canada’s dividend payout ratio is presently 42.58%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on RY shares. Desjardins increased their price target on Royal Bank of Canada from C$250.00 to C$262.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Scotiabank increased their price target on Royal Bank of Canada from C$247.00 to C$252.00 and gave the company a “sector outperform” rating in a research note on Monday, May 4th. Canaccord Genuity Group increased their price target on Royal Bank of Canada from C$260.00 to C$270.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. TD Securities dropped their price target on Royal Bank of Canada from C$260.00 to C$259.00 and set a “buy” rating for the company in a research note on Friday, February 27th. Finally, Barclays increased their price target on Royal Bank of Canada from C$244.00 to C$245.00 in a research note on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Royal Bank of Canada presently has a consensus rating of “Moderate Buy” and an average price target of C$253.19.

Get Our Latest Analysis on Royal Bank of Canada

Royal Bank of Canada Company Profile

(Get Free Report)

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 101,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S.

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