Royal Bank of Canada (TSE:RY) Director David Ian Mckay Sells 10,282 Shares

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Royal Bank of Canada (TSE:RY) (NYSE:RY) Director David Ian Mckay sold 10,282 shares of the firm’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 transaction 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 transaction of C$1,046,604.78.
  • 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.

Royal Bank of Canada traded down C$0.21, reaching C$98.82, during trading on Thursday, according to Marketbeat.com. The company’s stock had a trading volume of 1,340,200 shares, compared to its average volume of 2,303,644. Royal Bank of Canada has a 12 month low of C$90.13 and a 12 month high of C$108.52.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 24th. Investors of record on Thursday, July 26th will be given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 3.80%. The ex-dividend date of this dividend is Wednesday, July 25th.

A number of equities analysts have recently weighed in on RY shares. CIBC reduced their price target on shares of Royal Bank of Canada from C$114.00 to C$109.00 in a research report on Monday, June 11th. Eight Capital lifted their price target on shares of Royal Bank of Canada from C$118.00 to C$119.00 in a research note on Friday, May 25th. BMO Capital Markets reiterated a “market perform” rating and issued a C$106.00 price target on shares of Royal Bank of Canada in a research note on Monday, June 18th. National Bank Financial upgraded shares of Royal Bank of Canada from a “sector perform market weight” rating to an “outperform market weight” rating in a research note on Sunday, June 3rd. Finally, Scotiabank lowered their price objective on shares of Royal Bank of Canada from C$112.00 to C$110.00 and set a “sector perform” rating on the stock in a research note on Friday, May 25th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target 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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