Royal Bank of Canada (TSE:RY) (NYSE:RY) declared a quarterly dividend on Wednesday, November 29th, RTT News reports. Investors of record on Thursday, January 25th will be given a dividend of 0.91 per share by the financial services provider on Friday, February 23rd. This represents a $3.64 annualized dividend and a yield of 3.40%. The ex-dividend date is Wednesday, January 24th.
Royal Bank of Canada (RY) opened at C$106.91 on Friday. The firm has a market cap of $156,130.00, a PE ratio of 14.14 and a beta of 0.72. Royal Bank of Canada has a 1 year low of C$90.13 and a 1 year high of C$107.18.
Royal Bank of Canada (TSE:RY) (NYSE:RY) last issued its earnings results on Wednesday, November 29th. The financial services provider reported C$1.92 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.88 by C$0.04. Royal Bank of Canada had a net margin of 28.00% and a return on equity of 16.52%.
In other news, insider Jennifer Anne Tory sold 344 shares of the firm’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of C$101.55, for a total value of C$34,933.20. Also, Director Jeffery William Yabuki acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was purchased at an average price of C$79.63 per share, with a total value of C$79,630.00. Insiders sold 18,795 shares of company stock valued at $1,907,804 over the last 90 days.
A number of equities analysts have weighed in on RY shares. Canaccord Genuity increased their target price on shares of Royal Bank of Canada from C$105.00 to C$108.00 in a research report on Thursday, November 30th. Citigroup increased their target price on shares of Royal Bank of Canada from C$118.00 to C$120.00 in a research report on Tuesday, December 12th. Eight Capital upgraded shares of Royal Bank of Canada from a “neutral” rating to a “buy” rating and increased their target price for the stock from C$107.00 to C$113.00 in a research report on Monday, December 11th. CIBC increased their target price on shares of Royal Bank of Canada from C$103.00 to C$113.00 in a research report on Monday, November 13th. Finally, Scotiabank increased their target price on shares of Royal Bank of Canada from C$110.00 to C$111.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 30th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Royal Bank of Canada currently has a consensus rating of “Hold” and a consensus price target of C$107.58.
About Royal Bank of Canada
Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company operates through five segments: Personal & Commercial Banking, Wealth Management, Insurance, Investor & Treasury Services, and Capital Markets. The Personal & Commercial Banking segment engages in the personal and business banking operations, auto financing, and retail investment businesses.
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