Insider Selling: Royal Bank of Canada (RY) Director Sells 5,352 Shares of Stock

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.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last posted its quarterly earnings results on Wednesday, November 29th. The financial services provider reported C$1.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$1.88 by C$0.04. Royal Bank of Canada had a net margin of 26.20% and a return on equity of 16.63%.

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.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another domain, it was stolen and republished in violation of United States and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.com-unik.info/2018/01/23/insider-selling-royal-bank-of-canada-ry-director-sells-5352-shares-of-stock.html.

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.

Insider Buying and Selling by Quarter for Royal Bank of Canada (TSE:RY)

Receive News & Ratings for Royal Bank of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Bank of Canada and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit