Key Points
- Director David Ian Mckay sold 23,091 Royal Bank of Canada shares at an average C$279.97 for approximately C$6.46 million, reducing his holdings by 79.72% to 5,873 shares. He had also made several sizable sales in June and July.
- Royal Bank of Canada reported quarterly revenue of C$17.45 billion and EPS of C$3.90, while increasing its quarterly dividend to C$1.76, or C$7.04 annualized, for a 2.4% yield.
- Analyst sentiment remains generally positive: the stock has a “Moderate Buy” consensus rating and a C$286.07 average price target, with recent targets ranging as high as C$318.
Royal Bank of Canada (TSE:RY - Get Free Report) (NYSE:RY) insider Katherine Gibson sold 462 shares of the firm's stock in a transaction on Monday, August 24th. The shares were sold at an average price of C$279.97, for a total value of C$129,346.14. Following the completion of the sale, the insider owned 290 shares in the company, valued at C$81,191.30. The trade was a 61.44% decrease in their ownership of the stock.
Katherine Gibson also recently made the following trade(s):
- On Wednesday, July 22nd, Katherine Gibson sold 462 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$297.19, for a total transaction of C$137,301.78.
- On Monday, June 22nd, Katherine Gibson sold 462 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$284.86, for a total value of C$131,605.32.
Royal Bank of Canada Stock Performance
TSE:RY opened at C$288.11 on Thursday. The business has a fifty day moving average of C$293.52 and a 200-day moving average of C$260.19. The stock has a market cap of C$400.38 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 3.42 and a beta of 1.05. Royal Bank of Canada has a 1 year low of C$195.86 and a 1 year high of C$306.38.
Royal Bank of Canada (TSE:RY - Get Free Report) (NYSE:RY) last released its earnings results on Thursday, May 28th. The financial services provider reported C$3.90 EPS for the quarter. The firm had revenue of C$17.45 billion for the quarter. Royal Bank of Canada had a net margin of 18.40% and a return on equity of 15.95%. On average, equities research analysts predict that Royal Bank of Canada will post 12.3454675 EPS for the current year.
Royal Bank of Canada Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 24th were issued a dividend of $1.76 per share. The ex-dividend date of this dividend was Monday, July 27th. This is an increase from Royal Bank of Canada's previous quarterly dividend of $1.64. This represents a $7.04 dividend on an annualized basis and a yield of 2.4%. Royal Bank of Canada's dividend payout ratio is presently 41.35%.
Key Stories Impacting Royal Bank of Canada
Here are the key news stories impacting Royal Bank of Canada this week:
- Positive Sentiment: National Bank Financial set a C$318 price target and maintained an outperform/Buy view. The target is above recent trading levels, signaling expected upside based on RBC’s earnings strength, capital position and profitability. Royal Bank of Canada Price Target Set at C$318 by National Bank Financial
- Positive Sentiment: National Bank reaffirmed its Buy rating on RY, adding to a generally favorable analyst consensus. Barclays, CIBC and Jefferies have also recently raised their price targets, although some analysts remain neutral. National Bank Keeps Buy Rating on Royal Bank of Canada
- Positive Sentiment: RBC increased its quarterly dividend to $1.76 per share from $1.64, representing an annualized payout of $7.04 and an indicated yield of about 2.4%. The increase reinforces the bank’s shareholder-return appeal.
- Neutral Sentiment: Investors are awaiting RBC’s Q3 2026 earnings. Revenue, EPS, loan growth, credit quality and management guidance will be key catalysts; results above expectations could support the stock, while weaker trends could pressure it. Royal Bank of Canada Q3 2026 Earnings Preview
- Negative Sentiment: Several insiders sold shares on August 24 at approximately C$279.97. Director David Ian McKay sold 23,091 shares worth about C$6.46 million, while three other insiders also significantly reduced their holdings. The sales may raise caution, though they do not necessarily signal deteriorating fundamentals.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on RY shares. Keefe, Bruyette & Woods set a C$316.00 price objective on shares of Royal Bank of Canada and gave the company a "hold" rating in a research report on Friday, August 21st. TD boosted their target price on shares of Royal Bank of Canada from C$272.00 to C$307.00 and gave the stock a "buy" rating in a report on Wednesday, August 12th. Jefferies Financial Group increased their target price on shares of Royal Bank of Canada from C$240.00 to C$268.00 in a research note on Thursday, August 13th. Canadian Imperial Bank of Commerce raised their target price on shares of Royal Bank of Canada from C$279.00 to C$311.00 and gave the stock a "neutral" rating in a report on Wednesday, August 19th. Finally, Raymond James Financial lifted their price target on shares of Royal Bank of Canada from C$270.50 to C$306.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Royal Bank of Canada has a consensus rating of "Moderate Buy" and a consensus price target of C$286.07.
View Our Latest Stock Analysis on RY
Royal Bank of Canada Company Profile
(
Get Free Report)
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.
Further Reading
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