Royal Bank of Canada (TSE:RY) (NYSE:RY) Director David Ian Mckay sold 8,258 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of C$105.20, for a total value of C$868,731.69. Following the transaction, the director now directly owns 5,873 shares in the company, valued at approximately C$617,832.55.
David Ian Mckay also recently made the following trade(s):
- On Wednesday, May 22nd, David Ian Mckay sold 8,258 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$104.79, for a total transaction of C$865,314.53.
- On Monday, April 22nd, David Ian Mckay sold 8,259 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$107.00, for a total transaction of C$883,736.13.
Shares of TSE:RY traded down C$0.52 during midday trading on Friday, hitting C$104.33. 2,439,700 shares of the company’s stock were exchanged, compared to its average volume of 2,734,602. The stock has a market cap of $149.70 billion and a P/E ratio of 12.08. Royal Bank of Canada has a 12 month low of C$90.10 and a 12 month high of C$107.91. The business’s 50 day moving average price is C$103.98.
The business also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Thursday, July 25th will be paid a $1.02 dividend. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 3.91%. Royal Bank of Canada’s dividend payout ratio is presently 45.38%.
A number of equities analysts have recently commented on RY shares. Citigroup reduced their price objective on shares of Royal Bank of Canada from C$125.00 to C$120.00 in a research note on Thursday, June 27th. Canaccord Genuity reiterated a “hold” rating and issued a GBX 365 ($4.77) target price on shares of Crest Nicholson in a research note on Wednesday, May 15th. CSFB set a C$81.00 price objective on shares of Toronto-Dominion Bank and gave the stock an “outperform” rating in a research report on Thursday, May 16th. National Bank Financial raised their target price on shares of Toronto-Dominion Bank from C$83.00 to C$85.00 and gave the stock an “outperform” rating in a report on Friday, May 24th. Finally, Desjardins raised their target price on shares of Toronto-Dominion Bank from C$82.00 to C$83.00 in a report on Tuesday, May 14th.
Royal Bank of Canada Company Profile
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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