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.

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

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