Royal Bank of Canada (TSE:RY – Get Free Report) (NYSE:RY) released its quarterly earnings data on Wednesday. The financial services provider reported C$3.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$2.95 by C$0.31, reports. The firm had revenue of C$14.63 billion during the quarter, compared to analysts’ expectations of C$14.27 billion. Royal Bank of Canada had a return on equity of 13.38% and a net margin of 28.37%.
Royal Bank of Canada Stock Performance
TSE:RY opened at C$160.75 on Friday. The stock’s fifty day moving average price is C$150.62 and its two-hundred day moving average price is C$142.27. Royal Bank of Canada has a 52-week low of C$107.92 and a 52-week high of C$162.73. The company has a market cap of C$228.27 billion, a price-to-earnings ratio of 14.24, a P/E/G ratio of 10.64 and a beta of 0.85.
Royal Bank of Canada Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 24th will be issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 3.53%. The ex-dividend date is Thursday, October 24th. Royal Bank of Canada’s dividend payout ratio is 50.31%.
Analysts Set New Price Targets
Get Our Latest Analysis on Royal Bank of Canada
Insiders Place Their Bets
In other Royal Bank of Canada news, Senior Officer Douglas Antony Guzman sold 54,354 shares of the company’s stock in a transaction on Tuesday, June 11th. The stock was sold at an average price of C$145.15, for a total transaction of C$7,889,646.16. Following the transaction, the insider now owns 25 shares of the company’s stock, valued at approximately C$3,628.83. In related news, Senior Officer Neil Mclaughlin sold 14,778 shares of the company’s stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of C$146.26, for a total value of C$2,161,474.61. Also, Senior Officer Douglas Antony Guzman sold 54,354 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of C$145.15, for a total transaction of C$7,889,646.16. Following the completion of the sale, the insider now owns 25 shares of the company’s stock, valued at approximately C$3,628.83. In the last quarter, insiders have sold 101,302 shares of company stock valued at $14,592,565.
Royal Bank of Canada Company Profile
Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.
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