Royal Bank of Canada (TSE:RY) head David Ian Mckay sells 4,077 shares


Royal Bank of Canada (EAST: RYGet a rating) (NYSE:RY) Director David Ian Mckay sold 4,077 shares of Royal Bank of Canada in a trade dated Friday, May 20. The stock was sold at an average price of CA$127.00, for a total transaction of CA$517,795.31. Following the completion of the transaction, the administrator now directly owns 5,873 shares of the company, valued at C$745,894.49.

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

  • On Friday April 22, David Ian Mckay sold 4,077 shares of Royal Bank of Canada. The stock was sold at an average price of CA$135.27, for a total transaction of CA$551,490.90.
  • On Monday, March 21, David Ian Mckay sold 4,077 shares of Royal Bank of Canada. The stock was sold at an average price of CA$142.44, for a total transaction of CA$580,711.16.
  • On Tuesday, February 22, David Ian Mckay sold 4,077 shares of Royal Bank of Canada. The stock was sold at an average price of C$141.68, for a total transaction of C$577,611.83.

Shares of EAST: RY traded at C$0.55 midday Friday, hitting C$126.43. 1,207,645 shares of the company were traded, against an average volume of 4,239,035. The company’s fifty-day moving average is C$135.02 and its two-hundred-day moving average is 136.48 CAN$. Royal Bank of Canada has a 1-year low of C$123.01 and a 1-year high of C$149.60. The stock has a market capitalization of C$179.10 billion and a PE ratio of 11.23.

Royal Bank of Canada (EAST: RYGet a rating) (NYSE:RY) last reported results on Thursday, February 24. The financial services provider reported earnings per share of C$2.87 for the quarter, beating analyst consensus estimates of C$2.72 by C$0.15. The company had revenue of C$13.07 billion for the quarter. As a group, sell-side analysts expect Royal Bank of Canada to post earnings per share of 11.979999 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 24. Investors of record on Monday, April 25 will receive a dividend of $1.20 per share. The ex-dividend date is Friday, April 22. This represents a dividend of $4.80 on an annualized basis and a dividend yield of 3.80%. Royal Bank of Canada’s dividend payout ratio is 39.50%.

Several research analysts have weighed in on RY shares recently. Fundamental Research lowered its price target on Royal Bank of Canada shares from C$152.07 to C$151.16 and set a “buy” rating for the company in a report released Monday, March 7. . TD Securities raised its price target on Royal Bank of Canada shares from C$150.00 to C$165.00 in a Tuesday, February 15 report. National Bankshares raised its price target on Royal Bank of Canada shares from C$140.00 to C$147.00 in a Wednesday, February 23 report. Credit Suisse Group reissued an “outperform” rating and set a price target of C$153.00 on Royal Bank of Canada shares in a report released Friday. Finally, CSFB set a price target of C$153.00 on Royal Bank of Canada shares and gave the company an “outperform” rating in a report released Friday. Two analysts gave the stock a hold rating and twelve gave the stock a buy rating. According to data from MarketBeat.com, Royal Bank of Canada has an average buy rating and an average target price of C$149.55.

Profile of Royal Bank of Canada (Get a rating)

Royal Bank of Canada is a globally diversified financial services company. The Company’s Personal and Commercial Banking segment offers checking and savings accounts, home equity financing, personal loans, private banking, indirect loans, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, commercial products and services to small and medium commercial enterprises.

Read more

Insider buying and selling by quarter for Royal Bank of Canada (TSE:RY)



Receive daily news and reviews for Royal Bank of Canada – Enter your email address below to receive a concise daily summary of the latest news and analyst notes for Royal Bank of Canada and related companies with MarketBeat.com’s FREE daily email newsletter.

About Melanie Tweed

Check Also

Chase Freedom® Announces Gas Stations, Rental Cars, Movie Theaters and Select Live Entertainment in Third Quarter 2022 Quarterly Categories | Company

WILMINGTON, Delaware–(BUSINESS WIRE)–June 15, 2022– Today, Chase Freedom announced new rotating quarterly categories for Q3 …