David Ian Mckay Sells 23,089 Shares of Royal Bank of Canada (TSE:RY) Stock

Posted by Francis Steltz on May 27th, 2026

Royal Bank of Canada (TSE:RY – Get Free Report) (NYSE:RY) Director David Ian Mckay sold 23,089 shares of Royal Bank of Canada stock in a transaction on Friday, May 22nd. The stock was sold at an average price of C$261.83, for a total value of C$6,045,392.87. Following the completion of the sale, the director directly owned 5,873 shares of the company’s stock, valued at C$1,537,727.59. The trade was a 79.72% decrease in their position.

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

On Wednesday, April 22nd, David Ian Mckay sold 23,089 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$242.82, for a total transaction of C$5,606,470.98.

Royal Bank of Canada Price Performance

RY opened at C$262.33 on Wednesday. The firm has a market cap of C$364.77 billion, a P/E ratio of 18.02, a PEG ratio of 3.42 and a beta of 1.14. The company has a 50 day simple moving average of C$238.95 and a two-hundred day simple moving average of C$230.97. Royal Bank of Canada has a 1-year low of C$171.29 and a 1-year high of C$265.10.

Royal Bank of Canada (TSE:RY – Get Free Report) (NYSE:RY) last announced its quarterly earnings results on Thursday, February 26th. The financial services provider reported C$4.08 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%. Equities analysts anticipate that Royal Bank of Canada will post 12.3454675 earnings per share for the current year.

Royal Bank of Canada Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Stockholders of record on Friday, May 22nd were paid a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, April 23rd. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 42.58%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on RY. Canaccord Genuity Group boosted their price target on shares of Royal Bank of Canada from C$260.00 to C$270.00 and gave the company a “buy” rating in a report on Wednesday, May 20th. Scotiabank boosted their price target on Royal Bank of Canada from C$247.00 to C$252.00 and gave the stock a “sector outperform” rating in a research report on Monday, May 4th. Jefferies Financial Group boosted their price target on Royal Bank of Canada from C$226.00 to C$232.00 in a research report on Wednesday, May 20th. Desjardins boosted their price objective on shares of Royal Bank of Canada from C$250.00 to C$262.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Finally, Raymond James Financial lowered shares of Royal Bank of Canada from a “moderate buy” rating to a “hold” rating and boosted their price objective for the stock from C$248.00 to C$265.50 in a research note on Tuesday, May 12th. One research 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$253.19.

Read Our Latest Stock Report on Royal Bank of Canada

More Royal Bank of Canada News

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

Positive Sentiment: Several analysts recently raised their price targets on Royal Bank of Canada, including Canaccord Genuity to C$270 and Desjardins to C$262, while the consensus remains “Moderate Buy.” Royal Bank of Canada report
Positive Sentiment: Royal Bank of Canada also recently paid a quarterly dividend of C$1.64 per share, reinforcing its appeal for income-focused investors. Royal Bank of Canada report
Neutral Sentiment: The bank reported strong recent quarterly results, with C$4.08 EPS, C$17.96 billion in revenue, and a 15.37% return on equity, which supports the stock’s elevated valuation. Royal Bank of Canada report
Negative Sentiment: Multiple insiders and a director sold shares, including Director David Ian McKay and insiders Bruce Washington Ross, Katherine Gibson, Jennifer Kristine Publicover, and Graeme Ashley Hepworth, which can weigh on sentiment because it may signal limited short-term upside. Director David Ian McKay Sells 23,089 Shares of Stock

About Royal Bank of Canada

(Get Free Report)

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.