Insider Selling: Royal Bank of Canada (RY) Director Sells 8,259 Shares of Stock
Royal Bank of Canada (TSE:RY) (NYSE:RY) Director David Ian Mckay sold 8,259 shares of the stock in a transaction dated Tuesday, January 22nd. The stock was sold at an average price of C$99.57, for a total transaction of C$822,366.80. Following the sale, the director now owns 5,873 shares in the company, valued at approximately C$584,787.53.
David Ian Mckay also recently made the following trade(s):
- On Wednesday, November 21st, David Ian Mckay sold 10,280 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$95.83, for a total transaction of C$985,132.40.
TSE RY traded down C$0.59 on Wednesday, hitting C$98.43. The stock had a trading volume of 2,127,214 shares, compared to its average volume of 3,225,129. Royal Bank of Canada has a one year low of C$90.10 and a one year high of C$106.41.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 22nd. Stockholders of record on Thursday, January 24th will be issued a $0.98 dividend. This represents a $3.92 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend is Wednesday, January 23rd. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 45.08%.
RY has been the subject of several recent analyst reports. National Bank Financial decreased their target price on shares of Royal Bank of Canada from C$111.00 to C$110.00 and set an “outperform” rating for the company in a research report on Thursday, November 29th. Desjardins decreased their target price on shares of Royal Bank of Canada from C$109.00 to C$108.00 in a research report on Tuesday, December 11th. Barclays decreased their target price on shares of Royal Bank of Canada from C$104.00 to C$99.00 in a research report on Friday, November 16th. TD Securities upgraded shares of Royal Bank of Canada from a “hold” rating to a “buy” rating and set a C$115.00 target price for the company in a research report on Monday, December 10th. Finally, Canaccord Genuity decreased their target price on shares of Royal Bank of Canada from C$111.00 to C$102.00 in a research report on Thursday, November 22nd. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of C$109.67.
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Royal Bank of Canada Company Profile
Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers check and savings accounts; home equity and auto financing, personal lending, private banking, mutual fund, self-directed brokerage account, and guaranteed investment certificate services; and credit cards, and payment products and solutions for individuals.
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