Insider Selling: Royal Bank of Canada (RY) Director Sells C$337,239.56 in Stock

Royal Bank of Canada (TSE:RY) (NYSE:RY) Director David Ian Mckay sold 3,577 shares of the business’s stock in a transaction that occurred on Friday, September 22nd. The shares were sold at an average price of C$94.28, for a total value of C$337,239.56.

David Ian Mckay also recently made the following trade(s):

  • On Tuesday, August 22nd, David Ian Mckay sold 5,352 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$91.78, for a total value of C$491,206.56.
  • On Monday, July 24th, David Ian Mckay sold 5,352 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$93.65, for a total value of C$501,214.80.

Shares of Royal Bank of Canada (TSE:RY) opened at 95.93 on Friday. Royal Bank of Canada has a one year low of $80.35 and a one year high of $99.90. The company has a 50 day moving average price of $92.59 and a 200-day moving average price of $94.32. The stock has a market cap of $139.86 billion and a price-to-earnings ratio of 13.10.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Investors of record on Thursday, October 26th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.79%. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $0.87.

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A number of analysts recently issued reports on RY shares. Scotiabank lowered Royal Bank of Canada from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from C$102.00 to C$100.00 in a report on Monday, August 21st. BMO Capital Markets reiterated a “market perform” rating and issued a C$100.00 price target on shares of Royal Bank of Canada in a report on Thursday, August 24th. National Bank Financial lowered their price target on Royal Bank of Canada from C$101.00 to C$99.00 and set a “sector perform” rating for the company in a report on Thursday, August 24th. Barclays PLC boosted their price target on Royal Bank of Canada from C$94.20 to C$96.00 in a report on Friday, August 25th. Finally, Eight Capital boosted their price target on Royal Bank of Canada from C$102.00 to C$105.00 in a report on Friday, August 25th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently 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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