Royal Bank of Canada (RY) Director Buys C$22,821.00 in Stock

Royal Bank of Canada (TSE:RY) (NYSE:RY) Director Jeffery William Yabuki purchased 300 shares of the company’s stock in a transaction dated Wednesday, May 2nd. The shares were acquired at an average price of C$76.07 per share, for a total transaction of C$22,821.00.

Jeffery William Yabuki also recently made the following trade(s):

  • On Thursday, April 5th, Jeffery William Yabuki purchased 300 shares of Royal Bank of Canada stock. The shares were acquired at an average price of C$76.71 per share, for a total transaction of C$23,013.00.
  • On Tuesday, March 13th, Jeffery William Yabuki purchased 300 shares of Royal Bank of Canada stock. The shares were acquired at an average price of C$79.08 per share, for a total transaction of C$23,724.00.

Shares of RY traded up C$0.93 during trading hours on Monday, reaching C$98.76. 1,877,371 shares of the stock traded hands, compared to its average volume of 2,362,422. Royal Bank of Canada has a 52-week low of C$90.13 and a 52-week high of C$108.52.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last announced its quarterly earnings results on Friday, February 23rd. The financial services provider reported C$2.17 earnings per share (EPS) for the quarter, beating 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 net margin of 26.17% and a return on equity of 16.49%.

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. 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 3.81%. The ex-dividend date is Tuesday, April 24th.

A number of research firms recently weighed in on RY. National Bank Financial lifted 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. Canaccord Genuity lifted 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. CSFB lifted 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. Barclays lifted 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. Finally, CIBC cut shares of Royal Bank of Canada from an “outperform” rating to a “neutral” rating and lifted their target price for the company from C$113.00 to C$114.00 in a research note on Thursday, February 1st. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of C$110.80.

About Royal Bank of Canada

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.

Insider Buying and Selling by Quarter for Royal Bank of Canada (TSE:RY)

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