David Ian Mckay Sells 5,354 Shares of Royal Bank of Canada (RY) Stock

Royal Bank of Canada (TSE:RY) (NYSE:RY) Director David Ian Mckay sold 5,354 shares of Royal Bank of Canada stock in a transaction that occurred on Friday, April 20th. The shares were sold at an average price of C$97.21, for a total transaction of C$520,462.34.

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

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  • On Wednesday, March 21st, David Ian Mckay sold 10,282 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$102.31, for a total transaction of C$1,051,951.42.
  • On Thursday, February 22nd, David Ian Mckay sold 10,282 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$102.37, for a total transaction of C$1,052,568.34.
  • On Monday, January 22nd, David Ian Mckay sold 5,352 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$108.12, for a total transaction of C$578,658.24.

Shares of Royal Bank of Canada stock traded up C$0.63 during trading on Friday, hitting C$97.26. 1,190,792 shares of the company were exchanged, compared to its average volume of 2,437,489. Royal Bank of Canada has a fifty-two week low of C$90.13 and a fifty-two week high of C$108.52.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last issued its quarterly earnings data on Friday, February 23rd. The financial services provider reported C$2.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$1.97 by C$0.20. Royal Bank of Canada had a return on equity of 16.49% and a net margin of 26.17%. The firm had revenue of C$10.83 billion during the quarter, compared to the consensus estimate of C$9.82 billion.

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 24th. Shareholders of record on Wednesday, April 25th will be paid a $0.94 dividend. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $0.91. This represents a $3.76 annualized dividend and a yield of 3.87%. The ex-dividend date is Tuesday, April 24th.

RY has been the subject of several research reports. Barclays lifted their price objective on Royal Bank of Canada from C$100.00 to C$103.00 in a research report on Monday, February 26th. CIBC downgraded Royal Bank of Canada from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from C$113.00 to C$114.00 in a research report on Thursday, February 1st. National Bank Financial lifted their price objective on Royal Bank of Canada from C$105.00 to C$107.00 and gave the stock a “sector perform” rating in a research report on Friday, January 12th. Canaccord Genuity lifted their price objective on Royal Bank of Canada from C$107.00 to C$109.00 in a research report on Monday, February 26th. Finally, CSFB lifted their price objective on Royal Bank of Canada from C$108.00 to C$114.00 in a research report on Friday, January 19th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of C$110.80.

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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)

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