Royal Bank of Canada (TSE:RY) (NYSE:RY) insider Alex Douglas Mcgregor sold 7,403 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of C$101.73, for a total transaction of C$753,107.19.

Alex Douglas Mcgregor also recently made the following trade(s):

  • On Tuesday, September 19th, Alex Douglas Mcgregor sold 10,000 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$93.10, for a total transaction of C$931,000.00.

Shares of Royal Bank of Canada (RY) traded down C$0.37 on Wednesday, hitting C$100.94. 1,830,388 shares of the stock traded hands, compared to its average volume of 2,613,185. Royal Bank of Canada has a twelve month low of C$87.70 and a twelve month high of C$102.15.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, January 25th will be paid a dividend of $0.91 per share. The ex-dividend date is Wednesday, January 24th. This represents a $3.64 annualized dividend and a dividend yield of 3.61%. Royal Bank of Canada’s dividend payout ratio (DPR) is 47.54%.

RY has been the subject of several research analyst reports. Barclays upped their price objective on shares of Royal Bank of Canada from C$94.20 to C$96.00 in a research note on Friday, August 25th. BMO Capital Markets restated a “market perform” rating and issued a C$100.00 price objective on shares of Royal Bank of Canada in a research note on Thursday, August 24th. Desjardins upped their price objective on shares of Royal Bank of Canada from C$108.00 to C$109.00 in a research note on Thursday, November 30th. CSFB upped their price objective on shares of Royal Bank of Canada from C$105.00 to C$108.00 and gave the company an “outperform” rating in a research note on Thursday, November 30th. Finally, Eight Capital upped their price objective on shares of Royal Bank of Canada from C$102.00 to C$105.00 in a research note on Friday, August 25th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of C$104.67.

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About Royal Bank of Canada

Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company operates through five segments: Personal & Commercial Banking, Wealth Management, Insurance, Investor & Treasury Services, and Capital Markets. The Personal & Commercial Banking segment engages in the personal and business banking operations, auto financing, and retail investment businesses.

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

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