Royal Bank of Canada (TSE:RY) (NYSE:RY) Director David Ian Mckay sold 5,352 shares of the firm’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of C$108.12, for a total transaction of C$578,658.24.
David Ian Mckay also recently made the following trade(s):
- On Tuesday, November 21st, David Ian Mckay sold 5,352 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$101.19, for a total transaction of C$541,568.88.
Royal Bank of Canada (TSE RY) traded up C$0.33 during trading on Tuesday, hitting C$108.05. 3,140,935 shares of the stock were exchanged, compared to its average volume of 2,139,611. Royal Bank of Canada has a one year low of C$90.13 and a one year high of C$108.52. The company has a market cap of $156,750.00, a P/E ratio of 14.29 and a beta of 0.72.
The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, January 25th will be given a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, January 24th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.37%. Royal Bank of Canada’s payout ratio is currently 46.03%.
Several brokerages have weighed in on RY. Canaccord Genuity raised their price objective on shares of Royal Bank of Canada from C$105.00 to C$108.00 in a report on Thursday, November 30th. Citigroup raised their price objective on shares of Royal Bank of Canada from C$118.00 to C$120.00 in a report on Tuesday, December 12th. Eight Capital raised shares of Royal Bank of Canada from a “neutral” rating to a “buy” rating and raised their price objective for the stock from C$107.00 to C$113.00 in a report on Monday, December 11th. CIBC raised their price objective on shares of Royal Bank of Canada from C$103.00 to C$113.00 in a report on Monday, November 13th. Finally, Scotiabank raised their price objective on shares of Royal Bank of Canada from C$110.00 to C$111.00 and gave the stock a “sector perform” rating in a report on Thursday, November 30th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Royal Bank of Canada currently has an average rating of “Hold” and a consensus price target of C$108.08.
Royal Bank of Canada Company Profile
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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