Insider Selling: Royal Bank of Canada (RY) Director Sells C$1,046,604.78 in Stock

Royal Bank of Canada (TSE:RY) (NYSE:RY) Director David Ian Mckay sold 10,282 shares of the stock in a transaction that occurred on Tuesday, May 22nd. The shares were sold at an average price of C$101.79, for a total transaction of C$1,046,604.78.

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

  • On Friday, April 20th, David Ian Mckay sold 5,354 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$97.21, for a total transaction of C$520,462.34.
  • On Wednesday, March 21st, David Ian Mckay sold 10,282 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$102.31, for a total transaction of C$1,051,951.42.
  • On Thursday, February 22nd, David Ian Mckay sold 10,282 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$102.37, for a total transaction of C$1,052,568.34.

Royal Bank of Canada stock opened at C$98.58 on Friday. Royal Bank of Canada has a 52 week low of C$90.13 and a 52 week high of C$108.52.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last posted its quarterly earnings data on Friday, February 23rd. The financial services provider reported C$2.17 EPS for the quarter, topping analysts’ consensus estimates of C$1.97 by C$0.20. Royal Bank of Canada had a net margin of 26.17% and a return on equity of 16.49%. The firm had revenue of C$10.83 billion during the quarter, compared to analyst estimates of C$9.82 billion.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 24th. Investors 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 yield of 3.81%.

A number of brokerages recently weighed in on RY. Eight Capital raised their target price on shares of Royal Bank of Canada from C$118.00 to C$119.00 in a report on Friday. Scotiabank reduced their target price on shares of Royal Bank of Canada from C$112.00 to C$110.00 and set a “sector perform” rating for the company in a report on Friday. Canaccord Genuity raised their target price on shares of Royal Bank of Canada from C$107.00 to C$109.00 in a report on Monday, February 26th. Barclays raised their target price on shares of Royal Bank of Canada from C$100.00 to C$103.00 in a report on Monday, February 26th. Finally, BMO Capital Markets restated a “market perform” rating and set a C$106.00 target price on shares of Royal Bank of Canada in a report on Monday, February 26th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Royal Bank of Canada currently has a consensus rating of “Hold” and a consensus price target of C$111.30.

About Royal Bank of Canada

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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