Royal Bank of Canada (TSE:RY) (NYSE:RY) Director Jeffery William Yabuki bought 300 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The stock was bought at an average price of C$79.08 per share, for a total transaction of C$23,724.00.
Shares of RY stock traded down C$1.04 during trading hours on Friday, hitting C$97.30. The company’s stock had a trading volume of 2,525,815 shares, compared to its average volume of 2,562,965. 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 issued its earnings results on Friday, February 23rd. The financial services provider reported C$2.17 EPS for the quarter, beating the Zacks’ consensus estimate of C$1.97 by C$0.20. Royal Bank of Canada had a net margin of 26.17% and a return on equity of 16.49%. The business had revenue of C$10.83 billion during the quarter, compared to analysts’ expectations of C$9.82 billion.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 24th. Stockholders of record on Wednesday, April 25th will be paid a $0.94 dividend. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Tuesday, April 24th. This represents a $3.76 annualized dividend and a dividend yield of 3.86%.
Several brokerages have recently commented on RY. Eight Capital upgraded shares of Royal Bank of Canada from a “neutral” rating to a “buy” rating and raised their price objective for the company from C$107.00 to C$113.00 in a research report on Monday, December 11th. Citigroup lifted their price objective on shares of Royal Bank of Canada from C$118.00 to C$120.00 in a research note on Tuesday, December 12th. National Bank Financial lifted their price objective on shares of Royal Bank of Canada from C$105.00 to C$107.00 and gave the stock a “sector perform” rating in a research note on Friday, January 12th. CIBC cut shares of Royal Bank of Canada from an “outperform” rating to a “neutral” rating and lifted their price target for the stock from C$113.00 to C$114.00 in a research note on Thursday, February 1st. Finally, CSFB lifted their price objective on shares of Royal Bank of Canada from C$108.00 to C$114.00 in a report on Friday, January 19th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Royal Bank of Canada currently has a consensus rating of “Hold” and an average price target of C$110.80.
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Royal Bank of Canada Company Profile
Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers personal and business banking services, as well as auto financing and retail investment products. This segment also provides a suite of financial products and services to individual, business clients, and public institutions through its branch, automated teller machines, online, mobile, and telephone banking networks, as well as through sales professionals.
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