Insider Selling: Royal Bank of Canada (TSE:RY) Insider Sells C$887,992.74 in Stock

Royal Bank of Canada (TSE:RY) (NYSE:RY) insider Bruce Washington Ross sold 3,657 shares of the stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of C$242.82, for a total value of C$887,992.74. Following the completion of the transaction, the insider directly owned 235 shares in the company, valued at C$57,062.70. This trade represents a 93.96% decrease in their ownership of the stock.

Royal Bank of Canada Stock Performance

Shares of RY opened at C$239.83 on Monday. The firm has a market capitalization of C$333.49 billion, a P/E ratio of 16.47, a price-to-earnings-growth ratio of 3.42 and a beta of 1.07. The stock’s fifty day simple moving average is C$230.17 and its 200 day simple moving average is C$224.54. Royal Bank of Canada has a twelve month low of C$161.82 and a twelve month high of C$246.72.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last issued its earnings results on Thursday, February 26th. The financial services provider reported C$4.08 earnings per share for the quarter. The business had revenue of C$17.96 billion for the quarter. Royal Bank of Canada had a return on equity of 15.37% and a net margin of 20.88%. Sell-side analysts predict that Royal Bank of Canada will post 12.3454675 earnings per share for the current year.

Royal Bank of Canada Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, May 22nd will be given a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, April 23rd. Royal Bank of Canada’s dividend payout ratio (DPR) is 42.58%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. National Bank Financial increased their target price on 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 cut their target price on 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. Canaccord Genuity Group raised their price objective on Royal Bank of Canada from C$242.00 to C$255.00 and gave the company a “buy” rating in a research report on Thursday, February 12th. Canadian Imperial Bank of Commerce raised their price objective on Royal Bank of Canada from C$229.00 to C$242.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. Finally, Jefferies Financial Group raised their price objective on Royal Bank of Canada from C$217.00 to C$220.00 in a research report on Wednesday, February 11th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Royal Bank of Canada currently has an average rating of “Moderate Buy” and an average price target of C$244.58.

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

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.