Royal Bank of Canada (TSE:RY – Get Free Report) (NYSE:RY) insider Kelly Bradley sold 696 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of C$282.26, for a total transaction of C$196,452.96. Following the completion of the transaction, the insider owned 359 shares in the company, valued at C$101,331.34. This trade represents a 65.97% decrease in their position.
Kelly Bradley also recently made the following trade(s):
- On Tuesday, September 1st, Kelly Bradley sold 359 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$282.24, for a total value of C$101,324.16.
- On Tuesday, September 1st, Kelly Bradley sold 1,740 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$283.04, for a total value of C$492,489.60.
- On Tuesday, September 1st, Kelly Bradley sold 3,454 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$283.05, for a total value of C$977,654.70.
- On Tuesday, September 1st, Kelly Bradley sold 3,974 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$283.05, for a total value of C$1,124,840.70.
- On Tuesday, September 1st, Kelly Bradley sold 5,142 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$283.07, for a total value of C$1,455,545.94.
- On Tuesday, September 1st, Kelly Bradley sold 3,076 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$283.03, for a total transaction of C$870,600.28.
- On Tuesday, September 1st, Kelly Bradley sold 1,644 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$283.03, for a total value of C$465,301.32.
Royal Bank of Canada Stock Performance
Shares of TSE:RY traded down C$0.89 during midday trading on Friday, hitting C$291.48. The company’s stock had a trading volume of 1,187,702 shares, compared to its average volume of 3,513,404. The company has a market cap of C$403.53 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 3.42 and a beta of 0.94. Royal Bank of Canada has a 12-month low of C$199.17 and a 12-month high of C$306.38. The business’s 50 day simple moving average is C$293.44 and its 200 day simple moving average is C$262.59.
Royal Bank of Canada Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 24th were paid a dividend of $1.76 per share. This represents a $7.04 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Monday, July 27th. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $1.64. Royal Bank of Canada’s payout ratio is presently 41.49%.
Wall Street Analysts Forecast Growth
RY has been the subject of several recent analyst reports. TD reduced their price target on Royal Bank of Canada from C$307.00 to C$306.00 and set a “buy” rating for the company in a report on Friday, August 28th. Canaccord Genuity Group upped their price objective on Royal Bank of Canada from C$310.00 to C$318.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Barclays raised their target price on Royal Bank of Canada from C$260.00 to C$300.00 in a report on Friday, August 21st. Scotiabank boosted their target price on shares of Royal Bank of Canada from C$275.00 to C$280.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, June 16th. Finally, National Bank Financial upped their price target on shares of Royal Bank of Canada from C$318.00 to C$321.00 and gave the stock an “outperform” rating in a research note on Sunday, August 30th. One analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$292.86.
Get Our Latest Analysis on Royal Bank of Canada
Royal Bank of Canada News Summary
Here are the key news stories impacting Royal Bank of Canada this week:
- Positive Sentiment: Desjardins set a C$320 price target for Royal Bank of Canada, implying further upside from recent trading levels and signaling confidence in the bank’s valuation and earnings outlook. Royal Bank of Canada price target set at C$320 by Desjardins
- Positive Sentiment: Erste Group Bank raised its fiscal 2026 earnings-per-share forecast for Royal Bank of Canada. Higher estimates can support investor expectations for stronger profitability and potentially improve the bank’s valuation outlook. TSE:RY fiscal 2026 EPS forecast raised by Erste Group Bank
- Neutral Sentiment: Royal Bank of Canada plans to redeem its non-viability contingent capital (NVCC) subordinated debentures. The move may reflect routine balance-sheet and capital management, although investors will assess its effect on funding costs and regulatory capital.
- Neutral Sentiment: Jefferies raised its price target from C$268 to C$271, but the target remains below the recent share price, indicating that the firm still sees limited near-term upside.
- Neutral Sentiment: Canadian Imperial Bank of Commerce lowered its target from C$311 to C$300 and maintained a “neutral” rating. The revised target still implies modest upside, but the cut reflects a more cautious view of the shares’ valuation.
- Negative Sentiment: Insider Kelly Bradley reported multiple sales totaling 19,030 shares for approximately C$5.39 million at about C$283 per share. Bradley retained only 1,043 shares, a significant reduction in personal exposure that may weigh on sentiment, even though insider transactions can reflect personal financial planning rather than concerns about the business.
Royal Bank of Canada Company Profile
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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