Royal Bank of Canada (TSE:RY) Director Sells C$539,651.12 in Stock

Royal Bank of Canada (TSE:RYGet Rating) (NYSE:RY) Director David Ian Mckay sold 4,078 shares of Royal Bank of Canada stock in a transaction dated Monday, November 21st. The stock was sold at an average price of C$132.33, for a total value of C$539,651.12. Following the sale, the director now directly owns 5,873 shares in the company, valued at C$777,187.60.

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

  • On Monday, October 24th, David Ian Mckay sold 4,078 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$124.89, for a total value of C$509,291.63.
  • On Thursday, September 22nd, David Ian Mckay sold 4,078 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$125.21, for a total value of C$510,585.99.

Royal Bank of Canada Price Performance

RY stock opened at C$134.69 on Thursday. The company has a 50 day moving average price of C$126.11 and a 200 day moving average price of C$126.20. Royal Bank of Canada has a fifty-two week low of C$116.75 and a fifty-two week high of C$149.60. The stock has a market capitalization of C$187.45 billion and a PE ratio of 12.27.

Royal Bank of Canada (TSE:RYGet Rating) (NYSE:RY) last posted its quarterly earnings data on Wednesday, August 24th. The financial services provider reported C$2.55 earnings per share for the quarter, missing the consensus estimate of C$2.67 by C($0.12). The company had revenue of C$12.13 billion for the quarter. As a group, equities analysts expect that Royal Bank of Canada will post 11.8399996 earnings per share for the current fiscal year.

Royal Bank of Canada Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 24th. Investors of record on Wednesday, October 26th will be given a $1.28 dividend. This represents a $5.12 annualized dividend and a yield of 3.80%. The ex-dividend date of this dividend is Tuesday, October 25th. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 43.35%.

Analysts Set New Price Targets

A number of research firms have weighed in on RY. Keefe, Bruyette & Woods lifted their price objective on Royal Bank of Canada from C$118.00 to C$129.00 in a report on Friday, September 2nd. National Bankshares lifted their price objective on Royal Bank of Canada from C$147.00 to C$148.00 and gave the company an “outperform” rating in a report on Thursday, August 25th. CSFB lifted their price objective on Royal Bank of Canada from C$143.00 to C$150.00 in a report on Tuesday. Fundamental Research reaffirmed a “buy” rating and set a C$143.00 price objective on shares of Royal Bank of Canada in a report on Wednesday, September 7th. Finally, Credit Suisse Group lifted their price objective on Royal Bank of Canada to C$150.00 in a report on Tuesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Royal Bank of Canada presently has a consensus rating of “Moderate Buy” and an average price target of C$143.42.

Royal Bank of Canada Company Profile

(Get Rating)

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, including auto financing, 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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