Royal Bank of Canada (TSE:RY) (NYSE:RY) Director Jeffery William Yabuki bought 300 shares of the stock in a transaction that occurred on Tuesday, March 13th. The stock was purchased at an average price of C$79.08 per share, for a total transaction of C$23,724.00.
Royal Bank of Canada (TSE:RY) traded up C$0.58 during trading hours on Friday, reaching C$102.77. 4,794,580 shares of the company were exchanged, compared to its average volume of 2,571,958. Royal Bank of Canada has a 1-year low of C$90.13 and a 1-year high of C$108.52. The firm has a market cap of $149,280.00, a price-to-earnings ratio of 13.68 and a beta of 0.73.
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 24th. Shareholders of record on Wednesday, April 25th will be issued a $0.94 dividend. The ex-dividend date 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 3.66%. Royal Bank of Canada’s dividend payout ratio is 47.66%.
A number of research firms recently issued reports on RY. CSFB raised their target price on shares of Royal Bank of Canada from C$108.00 to C$114.00 in a research note on Friday, January 19th. National Bank Financial raised their target price on shares of Royal Bank of Canada from C$105.00 to C$107.00 and gave the company a “sector perform” rating in a research note on Friday, January 12th. CIBC lowered shares of Royal Bank of Canada from an “outperform” rating to a “neutral” rating and raised their target price for the company from C$113.00 to C$114.00 in a research note on Thursday, February 1st. Canaccord Genuity raised their target price on shares of Royal Bank of Canada from C$107.00 to C$109.00 in a research note on Monday, February 26th. Finally, Barclays raised their target price on shares of Royal Bank of Canada from C$100.00 to C$103.00 in a research note on Monday, February 26th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of C$110.80.
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About Royal Bank of Canada
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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