Royal Bank of Canada (TSE:RY) (NYSE:RY) Director David Ian Mckay sold 8,258 shares of the stock in a transaction on Thursday, August 22nd. The stock was sold at an average price of C$99.77, for a total value of C$823,913.05. Following the sale, the director now directly owns 5,873 shares in the company, valued at C$585,958.02.

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

  • On Monday, July 22nd, David Ian Mckay sold 8,258 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$104.66, for a total value of C$864,257.51.
  • On Friday, June 21st, David Ian Mckay sold 8,258 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$105.20, for a total value of C$868,731.69.

Shares of RY stock traded down C$0.54 on Thursday, hitting C$99.37. 1,376,348 shares of the company’s stock were exchanged, compared to its average volume of 2,664,814. Royal Bank of Canada has a 12 month low of C$90.10 and a 12 month high of C$107.91. The stock has a market cap of $144.15 billion and a P/E ratio of 11.50. The company has a 50 day moving average of C$103.12 and a 200 day moving average of C$103.49.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last announced its quarterly earnings data on Thursday, May 23rd. The financial services provider reported C$2.23 earnings per share for the quarter, topping the consensus estimate of C$2.20 by C$0.03. The business had revenue of C$11.50 billion for the quarter, compared to the consensus estimate of C$10.27 billion. As a group, analysts predict that Royal Bank of Canada will post 9.5100004 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 24th will be given a $0.03 dividend. The ex-dividend date is Wednesday, October 23rd. This represents a $0.12 annualized dividend and a yield of 0.12%. Royal Bank of Canada’s dividend payout ratio is presently 45.38%.

RY has been the subject of several recent analyst reports. BMO Capital Markets dropped their price objective on Royal Bank of Canada from C$114.00 to C$109.00 in a research report on Thursday. Cormark dropped their price objective on Royal Bank of Canada from C$112.00 to C$111.00 in a research report on Thursday. National Bank Financial dropped their price objective on Royal Bank of Canada from C$112.00 to C$111.00 and set an “outperform” rating for the company in a research report on Thursday. Desjardins upped their price objective on Royal Bank of Canada from C$108.00 to C$111.00 in a research report on Tuesday, May 14th. Finally, CIBC dropped their price objective on Royal Bank of Canada from C$110.00 to C$109.00 in a research report on Thursday.

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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