Royal Bank of Canada (TSE:RY) Director David Ian Mckay Sells 133,130 Shares of Stock

Posted by Francis Steltz on Jun 25th, 2026

Royal Bank of Canada (TSE:RY – Get Free Report) (NYSE:RY) Director David Ian Mckay sold 133,130 shares of the business’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of C$287.21, for a total transaction of C$38,236,267.30. Following the sale, the director directly owned 5,873 shares of the company’s stock, valued at approximately C$1,686,784.33. This trade represents a 95.77% decrease in their ownership of the stock.

David Ian Mckay also recently made the following trade(s):

On Monday, June 22nd, David Ian Mckay sold 23,089 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$284.86, for a total transaction of C$6,577,132.54.
On Friday, May 22nd, David Ian Mckay sold 23,089 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$261.83, for a total transaction of C$6,045,392.87.
On Wednesday, April 22nd, David Ian Mckay sold 23,089 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$242.82, for a total transaction of C$5,606,470.98.

Royal Bank of Canada Stock Performance

Shares of Royal Bank of Canada stock opened at C$288.03 on Thursday. The firm has a fifty day moving average of C$259.39 and a two-hundred day moving average of C$240.44. The stock has a market capitalization of C$400.26 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 3.42 and a beta of 1.08. Royal Bank of Canada has a 52 week low of C$175.03 and a 52 week high of C$289.82.

Royal Bank of Canada (TSE:RY – Get Free Report) (NYSE:RY) last posted its quarterly earnings results on Thursday, May 28th. The financial services provider reported C$3.90 earnings per share for the quarter. Royal Bank of Canada had a return on equity of 15.95% and a net margin of 18.40%.The company had revenue of C$17.45 billion for the quarter. As a group, research analysts forecast that Royal Bank of Canada will post 12.3454675 EPS for the current fiscal year.

Royal Bank of Canada Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 22nd were paid a $1.64 dividend. The ex-dividend date of this dividend was Thursday, April 23rd. This represents a $6.56 annualized dividend and a yield of 2.3%. Royal Bank of Canada’s dividend payout ratio is presently 41.35%.

Analysts Set New Price Targets

Several research firms have recently issued reports on RY. TD Securities decreased their target price 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 lifted their price objective on shares of Royal Bank of Canada from C$275.00 to C$280.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, June 16th. Canaccord Genuity Group boosted their price objective on shares of Royal Bank of Canada from C$280.00 to C$282.00 and gave the company a “buy” rating in a report on Friday, June 5th. Jefferies Financial Group upped their target price on shares of Royal Bank of Canada from C$226.00 to C$232.00 in a research note on Wednesday, May 20th. Finally, Barclays increased their target price on shares of Royal Bank of Canada from C$245.00 to C$260.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$260.81.

Check Out Our Latest Stock Report on RY

About Royal Bank of Canada

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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.