Insider Selling: Royal Bank of Canada (RY) Insider Sells C$1,002,700.00 in Stock

Royal Bank of Canada (TSE:RY) (NYSE:RY) insider Alex Douglas Mcgregor sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, June 18th. The shares were sold at an average price of C$100.27, for a total value of C$1,002,700.00.

Alex Douglas Mcgregor also recently made the following trade(s):

  • On Tuesday, June 5th, Alex Douglas Mcgregor sold 15,000 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$99.25, for a total value of C$1,488,750.00.
  • On Wednesday, March 21st, Alex Douglas Mcgregor sold 10,000 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$102.63, for a total value of C$1,026,300.00.

Shares of TSE RY opened at C$100.66 on Friday. Royal Bank of Canada has a 1 year low of C$90.13 and a 1 year high of C$108.52.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last released its quarterly earnings data on Thursday, May 24th. The financial services provider reported C$2.10 earnings per share for the quarter, topping the consensus estimate of C$2.07 by C$0.03. The business had revenue of C$10.05 billion during the quarter, compared to analyst estimates of C$10.06 billion. Royal Bank of Canada had a return on equity of 16.49% and a net margin of 26.17%.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 24th. Stockholders of record on Thursday, July 26th will be paid a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 3.74%. The ex-dividend date is Wednesday, July 25th.

A number of equities analysts have issued reports on the company. BMO Capital Markets reaffirmed a “market perform” rating and set a C$106.00 price target on shares of Royal Bank of Canada in a research note on Monday. CIBC decreased their price target on Royal Bank of Canada from C$114.00 to C$109.00 in a research note on Monday, June 11th. National Bank Financial raised 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. Eight Capital increased their price target on Royal Bank of Canada from C$118.00 to C$119.00 in a research note on Friday, May 25th. Finally, Scotiabank decreased their price target 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. Three research analysts have rated the stock with a hold rating and two have assigned 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)

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