Royal Bank of Canada (TSE:RY) Director David Ian Mckay Sells 5,352 Shares

Royal Bank of Canada (TSE:RY) (NYSE:RY) Director David Ian Mckay sold 5,352 shares of the stock in a transaction dated Monday, July 24th. The stock was sold at an average price of C$93.65, for a total transaction of C$501,214.80.

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

  • 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.
  • On Friday, May 19th, David Ian Mckay sold 3,578 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$92.82, for a total transaction of C$332,109.96.

Shares of Royal Bank of Canada (TSE RY) traded down 0.40% during mid-day trading on Friday, hitting $92.51. 2,333,146 shares of the stock traded hands. The firm has a market capitalization of $134.81 billion and a P/E ratio of 13.64. Royal Bank of Canada has a one year low of $79.74 and a one year high of $99.90. The company’s 50 day moving average is $94.28 and its 200 day moving average is $95.10.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 24th. Stockholders of record on Wednesday, July 26th will be given a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Monday, July 24th.

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A number of research analysts recently commented on RY shares. National Bank Financial reiterated a “sector perform” rating and set a C$99.00 price objective on shares of Royal Bank of Canada in a research note on Friday, May 26th. Scotiabank raised their price objective on shares of Royal Bank of Canada from C$101.00 to C$102.00 and gave the stock an “outperform” rating in a research note on Friday, May 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. Royal Bank of Canada has a consensus rating of “Hold” and a consensus target price of C$95.83.

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.

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