Insider Selling: Royal Bank of Canada (TSE:RY) Director Sells C$5,606,470.98 in Stock

Royal Bank of Canada (TSE:RY) (NYSE:RY) Director David Ian Mckay sold 23,089 shares of the business’s stock in a transaction dated Wednesday, April 22nd. The stock was sold at an average price of C$242.82, for a total value of C$5,606,470.98. Following the transaction, the director owned 5,873 shares of the company’s stock, valued at C$1,426,081.86. The trade was a 79.72% decrease in their ownership of the stock.

Royal Bank of Canada Stock Performance

Royal Bank of Canada stock opened at C$239.83 on Monday. The firm has a market capitalization of C$333.49 billion, a P/E ratio of 16.47, a PEG ratio of 3.42 and a beta of 1.07. Royal Bank of Canada has a 1 year low of C$161.82 and a 1 year high of C$246.72. The business has a 50-day moving average of C$230.17 and a 200-day moving average of C$224.54.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last posted its earnings results on Thursday, February 26th. The financial services provider reported C$4.08 earnings per share (EPS) for the quarter. The company had revenue of C$17.96 billion during the quarter. Royal Bank of Canada had a return on equity of 15.37% and a net margin of 20.88%. Research analysts anticipate that Royal Bank of Canada will post 12.3454675 EPS for the current fiscal year.

Royal Bank of Canada Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 22nd. Investors of record on Friday, May 22nd will be given a $1.64 dividend. The ex-dividend date is Thursday, April 23rd. This represents a $6.56 annualized dividend and a dividend yield of 2.7%. Royal Bank of Canada’s payout ratio is currently 42.58%.

Analyst Ratings Changes

Several brokerages recently issued reports on RY. TD Securities decreased their price objective on Royal Bank of Canada from C$260.00 to C$259.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Scotiabank boosted their price objective on Royal Bank of Canada from C$242.00 to C$247.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. Raymond James Financial boosted their price objective on Royal Bank of Canada from C$255.00 to C$260.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Desjardins boosted their price objective on Royal Bank of Canada from C$247.00 to C$250.00 and gave the company a “buy” rating in a research report on Friday, February 27th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on Royal Bank of Canada from C$229.00 to C$242.00 and gave the company a “neutral” rating in a research report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Royal Bank of Canada presently has a consensus rating of “Moderate Buy” and an average target price of C$244.58.

Key Royal Bank of Canada News

Here are the key news stories impacting Royal Bank of Canada this week:

• Positive Sentiment: Recent fundamentals remain supportive: RBC reported strong Q4 results (C$4.08 EPS, C$17.96B revenue) and retains solid profitability metrics, which underpins longer‑term investor confidence. MarketBeat – Royal Bank of Canada profile
• Neutral Sentiment: Technicals/flow: the share price is near its 1‑year high and trading above both the 50‑ and 200‑day moving averages with volume above average — this can amplify moves but does not on its own change fundamentals. MarketBeat – Royal Bank of Canada profile
• Negative Sentiment: Director David Ian Mckay sold 23,089 shares at C$242.82 (~C$5.61M), reducing his holding by ~79.7% — a large director sale that may be viewed negatively by the market. Insider sale report
• Negative Sentiment: Insider Bruce Washington Ross sold 3,657 shares at C$242.82 (~C$888k), cutting his stake by ~93.96% — another sizable reduction. Insider sale report
• Negative Sentiment: Insiders Graeme Ashley Hepworth, Katherine Gibson and Jennifer Publicover also sold shares on April 22 (totaling ~1,463; 462; and 439 shares respectively), adding to the pattern of insider selling. Insider sale report

About Royal Bank of Canada

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 101,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S.