Royal Bank of Canada (TSE:RY) Director David Ian Mckay sold 1,447 shares of the business’s stock in a transaction dated Friday, January 22nd. The stock was sold at an average price of C$67.57, for a total transaction of C$97,780.74.

Royal Bank of Canada (TSE:RY) opened at 67.03 on Tuesday. The firm’s 50 day moving average is $71.97 and its 200-day moving average is $73.98. The firm has a market cap of $99.55 billion and a price-to-earnings ratio of 9.97. Royal Bank of Canada has a 12 month low of $64.95 and a 12 month high of $81.53.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 24th. Stockholders of record on Tuesday, January 26th will be issued a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date of this dividend is Friday, January 22nd.

A number of equities research analysts have recently issued reports on the stock. CIBC dropped their target price on shares of Royal Bank of Canada from C$83.00 to C$80.00 in a report on Thursday, January 7th. Scotiabank upped their target price on shares of Royal Bank of Canada from C$84.00 to C$86.00 and gave the company an “outperform” rating in a report on Thursday, December 3rd. Banc of America Sec dropped their target price on shares of Royal Bank of Canada from C$93.00 to C$92.00 and set a “buy” rating on the stock in a report on Thursday, December 3rd. National Bank Financial upped their target price on shares of Royal Bank of Canada from C$76.00 to C$79.00 and gave the company a “sector perform” rating in a report on Thursday, December 3rd. Finally, Canaccord Genuity upped their target price on shares of Royal Bank of Canada from C$79.00 to C$81.00 in a report on Thursday, December 3rd. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of C$82.17.

Royal Bank of Canada (TSE:RY) is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. It operates in five segments: Personal & Commercial Banking, which operates comprises its personal and business banking operations, as well as its auto financing and retail investment businesses; Wealth Management, which comprises Canadian Wealth Management, United States and International Wealth Management and Global Asset Management (GAM); Insurance, which operates under two business lines: Canadian Insurance and International Insurance; Investor & Treasury Services, which is a provider of asset servicing, custody, payments and treasury services, and Capital Markets, which comprises two business lines: Corporate and Investment Banking and Global Markets. It operates in three geographic segments: Canada, United States and Other International.

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