Alex Douglas Mcgregor Sells 10,000 Shares of Royal Bank of Canada (RY) Stock

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Royal Bank of Canada (TSE:RY) (NYSE:RY) insider Alex Douglas Mcgregor sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, June 18th. The shares were sold at an average price of C$100.27, for a total transaction of C$1,002,700.00.

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

  • On Tuesday, June 5th, Alex Douglas Mcgregor sold 15,000 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$99.25, for a total transaction of C$1,488,750.00.
  • On Wednesday, March 21st, Alex Douglas Mcgregor sold 10,000 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$102.63, for a total transaction of C$1,026,300.00.

Royal Bank of Canada opened at C$100.44 on Thursday, according to MarketBeat Ratings. Royal Bank of Canada has a 1-year low of C$90.13 and a 1-year high of C$108.52.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last posted its quarterly earnings results on Thursday, May 24th. The financial services provider reported C$2.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of C$2.07 by C$0.03. The business had revenue of C$10.05 billion during the quarter, compared to analyst estimates of C$10.06 billion. Royal Bank of Canada had a net margin of 26.17% and a return on equity of 16.49%.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 24th. Shareholders of record on Thursday, July 26th will be given a $0.94 dividend. The ex-dividend date is Wednesday, July 25th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 3.74%.

RY has been the subject of several recent research reports. National Bank Financial boosted their target price on shares of Royal Bank of Canada from C$107.00 to C$109.00 and gave the company a “sector perform” rating in a research report on Monday, February 26th. BMO Capital Markets restated a “market perform” rating and set a C$106.00 target price on shares of Royal Bank of Canada in a research report on Monday, February 26th. Scotiabank cut their target price on shares of Royal Bank of Canada from C$112.00 to C$110.00 and set a “sector perform” rating for the company in a research report on Friday, May 25th. Barclays boosted their target price on shares of Royal Bank of Canada from C$100.00 to C$103.00 in a research report on Monday, February 26th. Finally, Canaccord Genuity boosted their target price on shares of Royal Bank of Canada from C$107.00 to C$109.00 in a research report on Monday, February 26th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of C$110.80.

Royal Bank of Canada Company Profile

Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers personal and business banking services, as well as auto financing and retail investment products. This segment also provides a suite of financial products and services to individual, business clients, and public institutions through its branch, automated teller machines, online, mobile, and telephone banking networks, as well as through sales professionals.

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

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