Insider Selling: Royal Bank of Canada (TSE:RY) Director Sells 4,077 Shares of Stock

Royal Bank of Canada (TSE:RYGet Rating) (NYSE:RY) Director David Ian Mckay sold 4,077 shares of the stock in a transaction that occurred on Tuesday, June 21st. The stock was sold at an average price of C$126.38, for a total value of C$515,251.26. Following the transaction, the director now directly owns 5,873 shares of the company’s stock, valued at C$742,229.74.

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

  • On Friday, May 20th, David Ian Mckay sold 4,077 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$127.00, for a total value of C$517,795.31.
  • On Friday, April 22nd, David Ian Mckay sold 4,077 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$135.27, for a total value of C$551,490.90.

Shares of RY opened at C$126.38 on Wednesday. The stock’s 50-day moving average is C$130.24 and its two-hundred day moving average is C$136.19. The stock has a market cap of C$177.20 billion and a PE ratio of 11.05. Royal Bank of Canada has a 12 month low of C$123.30 and a 12 month high of C$149.60.

Royal Bank of Canada (TSE:RYGet Rating) (NYSE:RY) last issued its quarterly earnings data on Thursday, May 26th. The financial services provider reported C$2.99 EPS for the quarter, topping analysts’ consensus estimates of C$2.67 by C$0.32. The company had revenue of C$11.22 billion for the quarter. As a group, analysts predict that Royal Bank of Canada will post 12.0076448 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 24th. Shareholders of record on Tuesday, July 26th will be paid a dividend of $1.28 per share. This represents a $5.12 dividend on an annualized basis and a dividend yield of 4.05%. The ex-dividend date is Monday, July 25th. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $1.20. Royal Bank of Canada’s payout ratio is currently 39.86%.

RY has been the subject of several research analyst reports. Fundamental Research reaffirmed a “buy” rating and issued a C$142.00 price objective on shares of Royal Bank of Canada in a research note on Wednesday, June 8th. Canaccord Genuity Group raised their price objective on Royal Bank of Canada from C$131.50 to C$134.00 in a research note on Friday, May 27th. Credit Suisse Group dropped their price target on Royal Bank of Canada to C$152.00 and set an “outperform” rating for the company in a research report on Friday, May 27th. National Bankshares raised their price target on Royal Bank of Canada from C$147.00 to C$148.00 and gave the stock an “outperform” rating in a research report on Friday, May 27th. Finally, CIBC decreased their price objective on Royal Bank of Canada from C$149.00 to C$146.00 in a report on Tuesday, May 17th. Two investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$146.86.

About Royal Bank of Canada (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.

Read More

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

Receive News & Ratings for Royal Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.