David Ian Mckay Sells 23,091 Shares of Royal Bank of Canada (TSE:RY) Stock

Royal Bank of Canada (TSE:RY) (NYSE:RY) Director David Ian Mckay sold 23,091 shares of the company’s stock in a transaction dated Monday, August 24th. The shares were sold at an average price of C$279.97, for a total value of C$6,464,787.27. Following the completion of the sale, the director directly owned 5,873 shares of the company’s stock, valued at approximately C$1,644,263.81. This trade represents a 79.72% decrease in their ownership of the stock.

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

• On Wednesday, July 22nd, David Ian Mckay sold 23,089 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$297.19, for a total transaction of C$6,861,819.91.
• On Monday, June 22nd, David Ian Mckay sold 23,089 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$284.86, for a total transaction of C$6,577,132.54.
• On Tuesday, June 23rd, David Ian Mckay sold 133,130 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$287.21, for a total transaction of C$38,236,267.30.

Royal Bank of Canada Stock Performance

Shares of TSE RY opened at C$283.47 on Friday. The stock has a market cap of C$393.93 billion, a P/E ratio of 18.43, a P/E/G ratio of 3.42 and a beta of 1.05. The firm has a 50 day moving average price of C$293.48 and a 200 day moving average price of C$260.55. Royal Bank of Canada has a 52-week low of C$197.58 and a 52-week high of C$306.38.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last issued its earnings results on Thursday, August 27th. The financial services provider reported C$4.28 EPS for the quarter. The firm had revenue of C$18.54 billion during the quarter. Royal Bank of Canada had a net margin of 18.40% and a return on equity of 15.95%. Analysts predict that Royal Bank of Canada will post 12.3454675 earnings per share for the current fiscal year.

Royal Bank of Canada Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 24th were given a $1.76 dividend. The ex-dividend date was Monday, July 27th. This represents a $7.04 dividend on an annualized basis and a dividend yield of 2.5%. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $1.64. Royal Bank of Canada’s dividend payout ratio is currently 41.35%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on RY shares. Scotiabank boosted their target price on Royal Bank of Canada from C$275.00 to C$280.00 and gave the company a “sector outperform” rating in a research note on Tuesday, June 16th. Keefe, Bruyette & Woods set a C$316.00 price target on Royal Bank of Canada and gave the stock a “hold” rating in a research report on Friday, August 21st. Canadian Imperial Bank of Commerce lifted their price objective on Royal Bank of Canada from C$279.00 to C$311.00 and gave the company a “neutral” rating in a report on Wednesday, August 19th. Desjardins boosted their price objective on Royal Bank of Canada from C$275.00 to C$320.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Finally, Raymond James Financial increased their target price on Royal Bank of Canada from C$270.50 to C$306.00 and gave the stock a “market perform” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$290.62.

Royal Bank of Canada News Roundup

Here are the key news stories impacting Royal Bank of Canada this week:

• Positive Sentiment: RBC’s solid profitability—reflected in its 15.95% ROE and 18.40% net margin—supports the investment case and suggests the bank continues to generate attractive returns on shareholder capital. Stocks in Play: Royal Bank of Canada
• Positive Sentiment: National Bank Financial set a C$318 price target for RY, implying potential upside from recent trading levels and reinforcing favorable analyst sentiment. RBC has a consensus rating of “Moderate Buy,” although targets and ratings remain mixed.
• Positive Sentiment: The bank recently increased its quarterly dividend to $1.76 per share from $1.64, bringing the annualized payout to $7.04 and enhancing its appeal to income-focused investors.
• Neutral Sentiment: Investors are likely focused on details from the Q3 report—including loan growth, credit quality, capital levels and management guidance—to determine whether the reported earnings can support RBC’s elevated valuation. Royal Bank of Canada Q3 2026 Earnings Preview
• Negative Sentiment: Multiple insiders sold shares on August 24 at approximately C$279.97. Director David Ian McKay sold 23,091 shares worth about C$6.46 million, while other insiders also sharply reduced their holdings. Insider sales can weigh on sentiment, although they are not necessarily evidence of weakening fundamentals.

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.