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

Royal Bank of Canada (TSE:RY) (NYSE:RY) Director David Ian Mckay sold 10,282 shares of the firm’s stock in a transaction on Thursday, June 21st. The shares were sold at an average price of C$100.69, for a total value 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 stock was sold at an average price of C$101.79, for a total value of C$1,046,604.78.
  • On Friday, April 20th, David Ian Mckay sold 5,354 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$97.21, for a total value of C$520,462.34.

Royal Bank of Canada opened at C$98.99 on Friday, Marketbeat.com reports. 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 posted its earnings results on Thursday, May 24th. The financial services provider reported C$2.10 EPS for the quarter, topping the Zacks’ consensus estimate of C$2.07 by C$0.03. Royal Bank of Canada had a return on equity of 16.49% and a net margin of 26.17%. The company had revenue of C$10.05 billion for the quarter, compared to the consensus estimate of C$10.06 billion.

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

A number of brokerages recently commented on RY. BMO Capital Markets restated a “market perform” rating and set a C$106.00 target price on shares of Royal Bank of Canada in a report on Monday, June 18th. CIBC decreased their price objective on Royal Bank of Canada from C$114.00 to C$109.00 in a research note on Monday, June 11th. Scotiabank decreased their price objective on Royal Bank of Canada from C$112.00 to C$110.00 and set a “sector perform” rating for the company in a research note on Friday, May 25th. Eight Capital boosted their target price on Royal Bank of Canada from C$118.00 to C$119.00 in a research note on Friday, May 25th. Finally, National Bank Financial upgraded 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. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Royal Bank of Canada presently has a consensus rating of “Hold” and an average price target of C$110.80.

About Royal Bank of Canada

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)

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