Royal Bank of Canada (TSE:RY) Director David Ian Mckay Sells 23,091 Shares

Royal Bank of Canada (TSE:RY) (NYSE:RY) Director David Ian Mckay sold 23,091 shares of Royal Bank of Canada stock in a transaction dated Monday, August 24th. The shares were sold at an average price of C$279.97, for a total transaction of C$6,464,787.27. Following the completion of the transaction, the director directly owned 5,873 shares of the company’s stock, valued at approximately C$1,644,263.81. This trade represents a 79.72% decrease in their position.

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

• On Wednesday, July 22nd, David Ian Mckay sold 23,089 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$297.19, for a total transaction of C$6,861,819.91.
• 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 Tuesday, June 23rd, David Ian Mckay sold 133,130 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$287.21, for a total transaction of C$38,236,267.30.

Royal Bank of Canada Stock Performance

Shares of TSE:RY opened at C$288.11 on Thursday. Royal Bank of Canada has a 52-week low of C$195.86 and a 52-week high of C$306.38. The company has a market capitalization of C$400.38 billion, a P/E ratio of 18.73, a price-to-earnings-growth ratio of 3.42 and a beta of 1.05. The company has a 50-day simple moving average of C$293.52 and a 200 day simple moving average of C$260.19.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last released its quarterly earnings data on Thursday, May 28th. The financial services provider reported C$3.90 earnings per share (EPS) 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 during the quarter. As a group, equities analysts forecast that Royal Bank of Canada will post 12.3454675 earnings per share for the current year.

Royal Bank of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 24th. Shareholders of record on Monday, August 24th were issued a dividend of $1.76 per share. The ex-dividend date of this dividend was Monday, July 27th. This represents a $7.04 annualized dividend and a yield of 2.4%. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $1.64. Royal Bank of Canada’s payout ratio is 41.35%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on RY. Jefferies Financial Group increased their price objective on shares of Royal Bank of Canada from C$240.00 to C$268.00 in a research report on Thursday, August 13th. Canadian Imperial Bank of Commerce increased their price target on shares of Royal Bank of Canada from C$279.00 to C$311.00 and gave the company a “neutral” rating in a report on Wednesday, August 19th. Desjardins boosted their price objective on Royal Bank of Canada from C$275.00 to C$320.00 and gave the stock a “buy” rating in a report on Wednesday, August 5th. Canaccord Genuity Group upped their target price on Royal Bank of Canada from C$282.00 to C$310.00 and gave the company a “buy” rating in a research report on Tuesday, July 7th. Finally, National Bank Financial set a C$318.00 price target on Royal Bank of Canada and gave the stock an “outperform” rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$286.07.

Key Stories Impacting Royal Bank of Canada

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

• Positive Sentiment: National Bank Financial set a C$318 price target for Royal Bank of Canada, above the recent trading level, and maintained its positive outlook. The target suggests analysts see additional upside if the bank delivers solid earnings and maintains strong profitability. Royal Bank of Canada Price Target Set at C$318 by National Bank Financial
• Positive Sentiment: National Bank also kept its Buy rating on Royal Bank of Canada, reinforcing the view that the bank’s earnings power, capital position and dividend profile remain attractive. National Bank Keeps Buy Rating on Royal Bank of Canada
• Neutral Sentiment: Investors are preparing for Royal Bank of Canada’s third-quarter 2026 earnings report. The preview places attention on quarterly revenue, earnings per share, credit quality, loan growth and management’s outlook; results that exceed expectations could support the shares, while weaker guidance could create pressure. Royal Bank of Canada Q3 2026 Earnings Preview
• Negative Sentiment: Several insiders sold shares on August 24 at approximately C$279.97. Director David Ian McKay sold 23,091 shares worth about C$6.46 million, while insiders Graeme Ashley Hepworth, Bruce Washington Ross and Katherine Gibson also reduced their holdings. The concentration of sales—and substantial reductions in some ownership positions—could raise caution, although insider transactions do not necessarily indicate a change in the bank’s fundamentals.

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.