Royal Bank of Canada (TSE:RY) (NYSE:RY) Director David Ian Mckay sold 5,352 shares of Royal Bank of Canada stock in a transaction on Tuesday, August 22nd. The stock was sold at an average price of C$91.78, for a total transaction of C$491,206.56.

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

  • On Monday, July 24th, David Ian Mckay sold 5,352 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$93.65, for a total transaction of C$501,214.80.
  • On Wednesday, June 21st, David Ian Mckay sold 3,577 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$93.26, for a total transaction of C$333,591.02.

Royal Bank of Canada (RY) opened at 93.25 on Friday. Royal Bank of Canada has a 52-week low of $79.75 and a 52-week high of $99.90. The firm has a market capitalization of $135.95 billion and a P/E ratio of 12.74. The company’s 50-day moving average is $93.80 and its 200-day moving average is $95.01.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Thursday, October 26th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 3.90%. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $0.87.

WARNING: This report was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this report on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright law. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/08/26/insider-selling-royal-bank-of-canada-ry-director-sells-c491206-56-in-stock.html.

RY has been the topic of a number of research analyst reports. Eight Capital boosted their price objective on shares of Royal Bank of Canada from C$102.00 to C$105.00 in a report on Friday. Barclays PLC boosted their price objective on shares of Royal Bank of Canada from C$94.20 to C$96.00 in a report on Friday. BMO Capital Markets reissued a “market perform” rating and set a C$100.00 price objective on shares of Royal Bank of Canada in a report on Thursday. Scotiabank boosted their price objective on shares of Royal Bank of Canada from C$101.00 to C$102.00 and gave the company an “outperform” rating in a report on Friday, May 26th. Finally, National Bank Financial dropped their price objective on shares of Royal Bank of Canada from C$101.00 to C$99.00 and set a “sector perform” rating on the stock in a report on Thursday. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Royal Bank of Canada presently has an average rating of “Hold” and an average price target of C$99.75.

Royal Bank of Canada Company Profile

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)

Receive News & Stock 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 stocks with our FREE daily email newsletter.