Royal Bank of Canada (TSE:RY) (NYSE:RY) Director David Ian Mckay sold 5,352 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of C$108.12, for a total transaction of C$578,658.24.
David Ian Mckay also recently made the following trade(s):
- On Tuesday, November 21st, David Ian Mckay sold 5,352 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$101.19, for a total transaction of C$541,568.88.
Royal Bank of Canada (TSE RY) traded up C$0.33 during trading on Tuesday, hitting C$108.05. 3,140,935 shares of the stock traded hands, compared to its average volume of 2,139,611. Royal Bank of Canada has a 52 week low of C$90.13 and a 52 week high of C$108.52. The firm has a market capitalization of $156,750.00, a price-to-earnings ratio of 14.29 and a beta of 0.72.
Royal Bank of Canada (TSE:RY) (NYSE:RY) last released its quarterly earnings data on Wednesday, November 29th. The financial services provider reported C$1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.88 by C$0.04. Royal Bank of Canada had a net margin of 26.20% and a return on equity of 16.63%.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, January 25th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 3.37%. The ex-dividend date is Wednesday, January 24th. Royal Bank of Canada’s payout ratio is currently 46.03%.
A number of equities analysts have weighed in on the stock. CSFB increased their price target on shares of Royal Bank of Canada from C$108.00 to C$114.00 in a research note on Friday. National Bank Financial increased their price target on shares of Royal Bank of Canada from C$105.00 to C$107.00 and gave the stock a “sector perform” rating in a research note on Friday, January 12th. Citigroup increased their price target on shares of Royal Bank of Canada from C$118.00 to C$120.00 in a research note on Tuesday, December 12th. Eight Capital raised shares of Royal Bank of Canada from a “neutral” rating to a “buy” rating and increased their price target for the stock from C$107.00 to C$113.00 in a research note on Monday, December 11th. Finally, Scotiabank increased their price target on shares of Royal Bank of Canada from C$110.00 to C$111.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 30th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Royal Bank of Canada currently has a consensus rating of “Hold” and a consensus target price of C$108.08.
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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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