Royal Bank of Canada (TSE:RY) (NYSE:RY) Director David Ian Mckay sold 3,577 shares of Royal Bank of Canada 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 transaction 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 transaction 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 transaction of C$501,214.80.

Royal Bank of Canada (TSE RY) traded down 0.07% during trading on Tuesday, reaching $94.38. 756,123 shares of the company’s stock traded hands. The company has a market cap of $137.60 billion and a PE ratio of 12.89. Royal Bank of Canada has a 12-month low of $80.35 and a 12-month 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, November 24th. Stockholders of record on Thursday, October 26th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.86%. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $0.87.

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A number of equities analysts recently commented on the stock. National Bank Financial reduced their price objective on shares of Royal Bank of Canada from C$101.00 to C$99.00 and set a “sector perform” rating for the company in a research note on Thursday, August 24th. BMO Capital Markets reissued a “market perform” rating and issued a C$100.00 price objective on shares of Royal Bank of Canada in a research note on Thursday, August 24th. Eight Capital boosted their price objective on shares of Royal Bank of Canada from C$102.00 to C$105.00 in a research note on Friday, August 25th. Barclays PLC boosted their price objective on shares of Royal Bank of Canada from C$94.20 to C$96.00 in a research note on Friday, August 25th. Finally, Scotiabank downgraded shares of Royal Bank of Canada from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$102.00 to C$100.00 in a research note on Monday, August 21st. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Royal Bank of Canada presently has a consensus 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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