Royal Bank of Canada (RY) Director David Ian Mckay Sells 5,352 Shares
Royal Bank of Canada (TSE:RY) (NYSE:RY) Director David Ian Mckay sold 5,352 shares of Royal Bank of Canada stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of C$101.53, for a total transaction of C$543,388.56.
David Ian Mckay also recently made the following trade(s):
- On Friday, September 22nd, David Ian Mckay sold 3,577 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$94.28, for a total transaction of C$337,239.56.
- On Tuesday, August 22nd, David Ian Mckay sold 5,352 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$91.78, for a total transaction of C$491,206.56.
Shares of Royal Bank of Canada (RY) traded up 0.63% during midday trading on Tuesday, hitting $102.06. 2,071,015 shares of the company’s stock were exchanged. The company has a 50-day moving average of $95.66 and a 200-day moving average of $94.37. Royal Bank of Canada has a 52 week low of $81.82 and a 52 week high of $102.15. The firm has a market cap of $148.80 billion and a price-to-earnings ratio of 13.94.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Thursday, October 26th will be given a dividend of $0.91 per share. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $0.87. The ex-dividend date is Wednesday, October 25th. This represents a $3.64 annualized dividend and a dividend yield of 3.59%.
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Several research analysts have issued reports on the stock. Eight Capital lifted their price target on shares of Royal Bank of Canada from C$102.00 to C$105.00 in a research report on Friday, August 25th. Barclays PLC lifted their price target on shares of Royal Bank of Canada from C$94.20 to C$96.00 in a research report on Friday, August 25th. National Bank Financial decreased their price objective on shares of Royal Bank of Canada from C$101.00 to C$99.00 and set a “sector perform” rating for the company in a research note on Thursday, August 24th. BMO Capital Markets reaffirmed a “market perform” rating and issued a C$100.00 price objective on shares of Royal Bank of Canada in a research note on Thursday, August 24th. Finally, Scotiabank lowered shares of Royal Bank of Canada from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from C$102.00 to C$100.00 in a research note on Monday, August 21st. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Royal Bank of Canada presently has an average rating of “Hold” and a consensus target price of C$99.75.
About Royal Bank of Canada
Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.
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