Key Points
- Insider selling: Bruce Washington Ross sold 3,657 shares at C$242.82 for about C$887,993, cutting his holding by 93.96% to 235 shares; several other insiders—including director David Ian McKay—also sold large blocks on April 22, signaling a notable wave of insider selling.
- Despite the insider sales, Royal Bank of Canada reported strong Q4 results (C$4.08 EPS, C$17.96B revenue), declared a C$1.64 quarterly dividend (C$6.56 annualized, 2.7% yield), and carries an analyst consensus of "Moderate Buy" with an average target of C$244.58.
Royal Bank of Canada (TSE:RY - Get Free Report) (NYSE:RY) insider Jennifer Kristine Publicover sold 439 shares of the firm's stock in a transaction dated Wednesday, April 22nd. The shares were sold at an average price of C$242.82, for a total transaction of C$106,597.98. Following the completion of the sale, the insider owned 152 shares of the company's stock, valued at C$36,908.64. This trade represents a 74.28% decrease in their ownership of the stock.
Royal Bank of Canada Stock Performance
Royal Bank of Canada stock opened at C$239.83 on Friday. The stock has a 50-day simple moving average of C$230.17 and a 200 day simple moving average of C$224.24. The stock has a market capitalization of C$333.49 billion, a P/E ratio of 16.47, a PEG ratio of 3.42 and a beta of 1.07. Royal Bank of Canada has a 52 week low of C$161.82 and a 52 week high of C$246.72.
Royal Bank of Canada (TSE:RY - Get Free Report) (NYSE:RY) last released its quarterly earnings data on Thursday, February 26th. The financial services provider reported C$4.08 earnings per share (EPS) for the quarter. Royal Bank of Canada had a return on equity of 15.37% and a net margin of 20.88%.The firm had revenue of C$17.96 billion for the quarter. Research analysts forecast that Royal Bank of Canada will post 12.3454675 earnings per share for the current year.
Royal Bank of Canada Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, May 22nd will be issued a dividend of $1.64 per share. The ex-dividend date of this dividend is Thursday, April 23rd. This represents a $6.56 dividend on an annualized basis and a dividend yield of 2.7%. Royal Bank of Canada's payout ratio is presently 42.58%.
Analysts Set New Price Targets
A number of equities analysts have commented on RY shares. National Bank Financial lifted their price objective on shares of Royal Bank of Canada from C$241.00 to C$247.00 and gave the stock an "outperform" rating in a research report on Friday, February 27th. TD Securities dropped their price objective on shares of Royal Bank of Canada from C$260.00 to C$259.00 and set a "buy" rating on the stock in a research report on Friday, February 27th. Scotiabank raised their target price on shares of Royal Bank of Canada from C$242.00 to C$247.00 and gave the stock an "outperform" rating in a research note on Friday, February 27th. Canadian Imperial Bank of Commerce lifted their target price on shares of Royal Bank of Canada from C$229.00 to C$242.00 and gave the stock a "neutral" rating in a report on Friday, February 13th. Finally, Barclays upped their price target on shares of Royal Bank of Canada from C$244.00 to C$245.00 in a research note on Friday, February 27th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, Royal Bank of Canada presently has a consensus rating of "Moderate Buy" and a consensus target price of C$244.58.
Read Our Latest Stock Analysis on Royal Bank of Canada
Royal Bank of Canada News Roundup
Here are the key news stories impacting Royal Bank of Canada this week:
- Positive Sentiment: Recent fundamentals remain supportive: RBC reported strong Q4 results (C$4.08 EPS, C$17.96B revenue) and retains solid profitability metrics, which underpins longer‑term investor confidence. MarketBeat – Royal Bank of Canada profile
- Neutral Sentiment: Technicals/flow: the share price is near its 1‑year high and trading above both the 50‑ and 200‑day moving averages with volume above average — this can amplify moves but does not on its own change fundamentals. MarketBeat – Royal Bank of Canada profile
- Negative Sentiment: Director David Ian Mckay sold 23,089 shares at C$242.82 (~C$5.61M), reducing his holding by ~79.7% — a large director sale that may be viewed negatively by the market. Insider sale report
- Negative Sentiment: Insider Bruce Washington Ross sold 3,657 shares at C$242.82 (~C$888k), cutting his stake by ~93.96% — another sizable reduction. Insider sale report
- Negative Sentiment: Insiders Graeme Ashley Hepworth, Katherine Gibson and Jennifer Publicover also sold shares on April 22 (totaling ~1,463; 462; and 439 shares respectively), adding to the pattern of insider selling. Insider sale report
About Royal Bank of Canada
(
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Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 101,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S.
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