Royal Bank of Canada (TSE:RY) (NYSE:RY) Director David Ian Mckay sold 8,258 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The shares were sold at an average price of C$108.05, for a total value of C$892,243.87. Following the transaction, the director now owns 5,873 shares of the company’s stock, valued at C$634,554.16.
David Ian Mckay also recently made the following trade(s):
- On Thursday, August 22nd, David Ian Mckay sold 8,258 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$99.77, for a total value of C$823,913.05.
TSE RY opened at C$107.27 on Wednesday. Royal Bank of Canada has a one year low of C$90.10 and a one year high of C$108.25. The stock has a 50-day moving average of C$105.41 and a 200 day moving average of C$104.11. The company has a market capitalization of $153.38 billion and a price-to-earnings ratio of 12.24.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, October 24th will be issued a $0.03 dividend. The ex-dividend date is Wednesday, October 23rd. This represents a $0.12 annualized dividend and a yield of 0.11%. Royal Bank of Canada’s payout ratio is 45.64%.
Several brokerages have recently weighed in on RY. Citigroup reduced their price target on Royal Bank of Canada from C$120.00 to C$113.00 in a report on Monday, September 9th. National Bank Financial reduced their price target on Royal Bank of Canada from C$112.00 to C$111.00 and set an “outperform” rating for the company in a report on Thursday, August 22nd. Eight Capital reduced their price target on Royal Bank of Canada from C$114.00 to C$113.00 in a report on Wednesday, September 4th. CIBC reduced their price target on Royal Bank of Canada from C$110.00 to C$109.00 in a report on Thursday, August 22nd. Finally, Cormark reduced their price target on Royal Bank of Canada from C$112.00 to C$111.00 in a report on Thursday, August 22nd.
About Royal Bank of Canada
Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers check and savings accounts; home equity and auto financing, personal lending, private banking, mutual fund, self-directed brokerage account, and guaranteed investment certificate services; and credit cards, and payment products and solutions for individuals.
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