Royal Bank of Canada (TSE:RY) (NYSE:RY) Director Jeffery William Yabuki purchased 300 shares of the business’s stock in a transaction on Tuesday, March 13th. The shares were bought at an average cost of C$79.08 per share, with a total value of C$23,724.00.
RY stock traded down C$0.35 during trading hours on Wednesday, hitting C$102.27. The company had a trading volume of 1,842,832 shares, compared to its average volume of 2,616,408. The stock has a market capitalization of $149,280.00, a P/E ratio of 13.69 and a beta of 0.73. Royal Bank of Canada has a 12 month low of C$90.13 and a 12 month high of C$108.52.
Royal Bank of Canada (TSE:RY) (NYSE:RY) last posted its earnings results on Friday, February 23rd. The financial services provider reported C$2.17 EPS for the quarter, topping analysts’ consensus estimates of C$1.97 by C$0.20. The company had revenue of C$10.83 billion for the quarter, compared to the consensus estimate of C$9.82 billion. Royal Bank of Canada had a return on equity of 16.49% and a net margin of 26.17%.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 24th. Shareholders of record on Wednesday, April 25th will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Tuesday, April 24th. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $0.91. This represents a $3.76 dividend on an annualized basis and a yield of 3.68%. Royal Bank of Canada’s dividend payout ratio is 47.66%.
RY has been the subject of a number of recent analyst reports. Eight Capital upped their price objective on Royal Bank of Canada from C$105.00 to C$107.00 in a research note on Thursday, November 30th. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$106.00 price objective on shares of Royal Bank of Canada in a research note on Monday, February 26th. National Bank Financial upped their price objective on Royal Bank of Canada from C$101.00 to C$105.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 30th. Citigroup upped their price objective on Royal Bank of Canada from C$118.00 to C$120.00 in a research note on Tuesday, December 12th. Finally, Scotiabank upped their price objective on Royal Bank of Canada from C$110.00 to C$111.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 30th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of C$110.80.
Royal Bank of Canada Company Profile
Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.
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