Royal Bank of Canada (RY) Director Sells C$1,035,294.58 in Stock

Royal Bank of Canada (TSE:RY) (NYSE:RY) Director David Ian Mckay sold 10,282 shares of the business’s stock in a transaction that occurred on Thursday, June 21st. The shares were sold at an average price of C$100.69, for a total value of C$1,035,294.58.

David Ian Mckay also recently made the following trade(s):

  • On Tuesday, May 22nd, David Ian Mckay sold 10,282 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$101.79, for a total value of C$1,046,604.78.
  • On Friday, April 20th, David Ian Mckay sold 5,354 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$97.21, for a total value of C$520,462.34.

RY opened at C$101.37 on Friday. Royal Bank of Canada has a one year low of C$90.13 and a one year high of C$108.52.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last posted its quarterly earnings data on Thursday, May 24th. The financial services provider reported C$2.10 EPS for the quarter, topping the Zacks’ consensus estimate of C$2.07 by C$0.03. Royal Bank of Canada had a return on equity of 16.49% and a net margin of 26.17%. The company had revenue of C$10.05 billion for the quarter, compared to the consensus estimate of C$10.06 billion.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 24th. Stockholders of record on Thursday, July 26th will be paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date is Wednesday, July 25th.

A number of research analysts have issued reports on RY shares. National Bank Financial boosted their price target on Royal Bank of Canada from C$107.00 to C$109.00 and gave the stock a “sector perform” rating in a research report on Monday, February 26th. BMO Capital Markets reiterated a “market perform” rating and set a C$106.00 price target on shares of Royal Bank of Canada in a research report on Monday, February 26th. Scotiabank reduced their price target on Royal Bank of Canada from C$112.00 to C$110.00 and set a “sector perform” rating for the company in a research report on Friday, May 25th. Barclays boosted their price target on Royal Bank of Canada from C$100.00 to C$103.00 in a research report on Monday, February 26th. Finally, Canaccord Genuity boosted their price target on Royal Bank of Canada from C$107.00 to C$109.00 in a research report on Monday, February 26th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Royal Bank of Canada presently has a consensus rating of “Hold” and a consensus target price of C$110.80.

Royal Bank of Canada Company Profile

Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers personal and business banking services, as well as auto financing and retail investment products. This segment also provides a suite of financial products and services to individual, business clients, and public institutions through its branch, automated teller machines, online, mobile, and telephone banking networks, as well as through sales professionals.

Insider Buying and Selling by Quarter for Royal Bank of Canada (TSE:RY)

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