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 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.

WARNING: “Royal Bank of Canada (RY) Director David Ian Mckay Sells 5,352 Shares” was first posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://ledgergazette.com/2018/01/23/royal-bank-of-canada-ry-director-david-ian-mckay-sells-5352-shares.html.

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)

Receive News & Ratings for Royal Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply