David Ian Mckay Sells 5,322 Shares of Royal Bank of Canada (TSE:RY) Stock

Royal Bank of Canada (TSE:RY) (NYSE:RY) Director David Ian Mckay sold 5,322 shares of the stock in a transaction dated Thursday, April 22nd. The shares were sold at an average price of C$115.29, for a total transaction of C$613,587.75. Following the completion of the transaction, the director now owns 5,873 shares of the company’s stock, valued at approximately C$677,114.03.

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

  • On Friday, March 19th, David Ian Mckay sold 5,322 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$116.39, for a total transaction of C$619,429.71.
  • On Monday, February 22nd, David Ian Mckay sold 5,322 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$110.53, for a total value of C$588,230.55.
  • On Friday, January 22nd, David Ian Mckay sold 5,322 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$107.06, for a total value of C$569,775.98.

RY stock traded down C$0.19 on Thursday, reaching C$115.85. 4,374,668 shares of the company were exchanged, compared to its average volume of 4,821,747. The firm has a market capitalization of C$165.07 billion and a PE ratio of 14.28. Royal Bank of Canada has a 12 month low of C$80.72 and a 12 month high of C$118.91. The stock’s fifty day moving average price is C$115.99 and its 200 day moving average price is C$106.68.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last posted its quarterly earnings results on Wednesday, February 24th. The financial services provider reported C$2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of C$2.22 by C$0.47. The company had revenue of C$12.94 billion during the quarter, compared to analyst estimates of C$11.47 billion. On average, sell-side analysts anticipate that Royal Bank of Canada will post 10.1899996 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 21st. Investors of record on Thursday, April 22nd will be paid a dividend of $1.08 per share. The ex-dividend date of this dividend is Wednesday, April 21st. This represents a $4.32 annualized dividend and a yield of 3.73%. Royal Bank of Canada’s dividend payout ratio is 53.48%.

RY has been the subject of a number of research analyst reports. CIBC cut their price target on shares of Royal Bank of Canada from C$128.00 to C$120.00 in a report on Tuesday, March 2nd. Fundamental Research raised Royal Bank of Canada from a “hold” rating to a “buy” rating and upped their target price for the stock from C$102.97 to C$127.27 in a research report on Tuesday, March 2nd. Scotiabank upped their price objective on shares of Royal Bank of Canada from C$129.00 to C$133.00 in a report on Thursday, February 25th. BMO Capital Markets increased their price target on Royal Bank of Canada from C$111.00 to C$120.00 in a report on Thursday, February 25th. Finally, National Bank Financial upped their price objective on shares of Royal Bank of Canada from C$117.00 to C$123.00 and gave the stock an “outperform” rating in a report on Thursday, February 25th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of C$118.12.

About Royal Bank of Canada

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.

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