Royal Bank of Canada (RY) Director David Ian Mckay Sells 3578 Shares
- Author: Zachary Reyes May 26, 2017,
May 26, 2017, 0:32
More important recent Royal Bank of Canada (NYSE:RY) news were published by: Zacks.com which released: "Royal Bank of Canada Seeks to Grab Larger Portion of Fees" on May 11, 2017, also Business.Financialpost.com published article titled: "4.5% or bust: RBC eyes bigger cut of $40 Billion in USA investment-bank fees", Fool.ca published: "Royal Bank of Canada: Is it Time to Load Up on This Behemoth?" on May 18, 2017. Beutel Goodman & Co Ltd. now owns 18,815,431 shares of the financial services provider's stock worth $1,368,526,000 after buying an additional 698,500 shares during the last quarter.
Other institutional investors have also added to or reduced their stakes in the company.
Stock market analysts watching Royal Bank Of Canada (NYSE:RY) have recently changed their ratings on the stock. The stock of Royal Bank of Canada (NYSE:RY) earned "Buy" rating by Argus Research on Monday, December 12. FMR LLC boosted its position in shares of Royal Bank of Canada by 1.9% in the first quarter.
As the earnings date approaches, we can see that insider ownership is now 0.10% shares, and institutional ownership is at 52.30% for Royal Bank of Canada (NYSE:RY) stock. Jarislowsky Fraser Ltd increased its stake in Royal Bank of Canada by 0.8% in the fourth quarter. Numeric Investors LLC now owns 27,900 shares of the financial services provider's stock valued at $1,891,000 after buying an additional 6,700 shares in the last quarter. Finally, Capital Research Global Investors increased its stake in Royal Bank of Canada by 2.1% in the third quarter. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company.
Royal Bank of Canada (TSE:RY) (NYSE:RY) Director David Ian Mckay sold 3,578 shares of the stock in a transaction that occurred on Friday, May 19th. The stock's 50-day moving average price is $94.42 and its 200 day moving average price is $93.59. The company had a trading volume of 982,932 shares.
ILLEGAL ACTIVITY NOTICE: "Freshii Inc (FRII) Receives "Outperform" Rating from Royal Bank of Canada" was originally reported by Transcript Daily and is the property of of Transcript Daily. The $890 billion-asset company's earnings per share rose 11% to $1.38 year over year. Scheer Rowlett & Associates Investment Management Ltd who had been investing in Royal Bank Of Canada for a number of months, seems to be less bullish one the $101.98B market cap company. But the real reason Royal Bank of Canada stands out is because it has a high chance of being able to continue to pay this for years to come, something that is quite desirable if you are looking to create an income portfolio. The firm's quarterly revenue was up 2.0% compared to the same quarter previous year. During the same quarter in the prior year, the company earned $1.58 EPS. The stock of Royal Bank of Canada (NYSE:RY) earned "Mkt Perform" rating by Keefe Bruyette & Woods on Monday, February 27.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 24th. This is a boost from Royal Bank of Canada's previous quarterly dividend of $0.62. The ex-dividend date is Friday, April 21st. This represents a $3.48 annualized dividend and a yield of 3.74%. The stock of Royal Bank of Canada (NYSE:RY) has "Buy" rating given on Monday, August 15 by Citigroup. If you are accessing this story on another publication, it was illegally stolen and reposted in violation of U.S. and global trademark and copyright law.
RY has been the subject of several recent analyst reports. Zacks Investment Research downgraded Royal Bank of Canada from a "hold" rating to a "sell" rating in a report on Tuesday, May 2nd. TheStreet cut Royal Bank of Canada from a "b-" rating to a "c+" rating in a research note on Tuesday, March 21st. Citigroup maintained the stock with "Buy" rating in Wednesday, September 14 report. TD Securities downgraded the stock to "Hold" rating in Monday, April 3 report. The latest reports which are outstanding on Wednesday 24th of May state 0 analysts have a rating of "strong buy", 2 analysts "buy", 2 analysts "neutral", 1 analysts "sell" and 0 analysts "strong sell".