Royal Bank of Canada (TSE:RY) Director David Ian Mckay Sells 4,078 Shares of Stock

Royal Bank of Canada (TSE:RYGet Rating) (NYSE:RY) Director David Ian Mckay sold 4,078 shares of Royal Bank of Canada stock in a transaction on Monday, November 21st. The stock was sold at an average price of C$132.33, for a total transaction of C$539,651.12. Following the sale, the director now owns 5,873 shares of the company’s stock, valued at C$777,187.60.

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

  • On Monday, October 24th, David Ian Mckay sold 4,078 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$124.89, for a total transaction of C$509,291.63.
  • On Thursday, September 22nd, David Ian Mckay sold 4,078 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$125.21, for a total transaction of C$510,585.99.

Royal Bank of Canada Stock Up 0.2 %

RY stock opened at C$132.95 on Tuesday. The stock has a market capitalization of C$185.03 billion and a P/E ratio of 12.11. The firm has a 50-day simple moving average of C$125.95 and a 200-day simple moving average of C$126.17. Royal Bank of Canada has a 52 week low of C$116.75 and a 52 week high of C$149.60.

Royal Bank of Canada (TSE:RYGet Rating) (NYSE:RY) last released its earnings results on Wednesday, August 24th. The financial services provider reported C$2.55 EPS for the quarter, missing analysts’ consensus estimates of C$2.67 by C($0.12). The firm had revenue of C$12.13 billion for the quarter. On average, analysts expect that Royal Bank of Canada will post 11.8399996 earnings per share for the current year.

Royal Bank of Canada Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 24th. Stockholders of record on Wednesday, October 26th will be paid a dividend of $1.28 per share. The ex-dividend date of this dividend is Tuesday, October 25th. This represents a $5.12 dividend on an annualized basis and a dividend yield of 3.85%. Royal Bank of Canada’s dividend payout ratio is currently 43.35%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. National Bankshares lifted their price objective on shares of Royal Bank of Canada from C$147.00 to C$148.00 and gave the stock an “outperform” rating in a research note on Thursday, August 25th. Credit Suisse Group decreased their target price on shares of Royal Bank of Canada to C$143.00 and set an “outperform” rating for the company in a research report on Thursday, August 25th. Barclays boosted their target price on shares of Royal Bank of Canada from C$137.00 to C$140.00 in a research report on Monday, November 14th. CIBC decreased their target price on shares of Royal Bank of Canada from C$146.00 to C$140.00 in a research report on Wednesday, September 7th. Finally, Cormark boosted their target price on shares of Royal Bank of Canada from C$147.00 to C$151.00 and gave the company a “buy” rating in a research report on Thursday, August 25th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$141.96.

Royal Bank of Canada Company Profile

(Get Rating)

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

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