Royal Bank of Canada (TSE:RY) Senior Officer Graeme Ashley Hepworth Sells 308 Shares

Royal Bank of Canada (TSE:RY) (NYSE:RY) Senior Officer Graeme Ashley Hepworth sold 308 shares of the firm’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of C$161.89, for a total value of C$49,862.12.

Graeme Ashley Hepworth also recently made the following trade(s):

• On Monday, February 24th, Graeme Ashley Hepworth sold 308 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$169.67, for a total transaction of C$52,257.10.
• On Wednesday, January 22nd, Graeme Ashley Hepworth sold 308 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$175.12, for a total transaction of C$53,938.25.

Royal Bank of Canada Stock Performance

RY stock opened at C$164.24 on Friday. Royal Bank of Canada has a fifty-two week low of C$131.57 and a fifty-two week high of C$180.45. The firm has a market capitalization of C$232.40 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 3.42 and a beta of 0.84. The company’s 50 day moving average price is C$168.67 and its 200 day moving average price is C$170.65.

Royal Bank of Canada Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be given a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a dividend yield of 3.60%. Royal Bank of Canada’s dividend payout ratio (DPR) is currently 49.49%.

Analyst Ratings Changes

Several analysts recently weighed in on RY shares. Cormark dropped their target price on shares of Royal Bank of Canada from C$194.00 to C$189.00 in a report on Friday, February 28th. Canaccord Genuity Group lifted their price objective on Royal Bank of Canada from C$188.00 to C$191.00 in a research note on Thursday, December 5th. UBS Group increased their target price on Royal Bank of Canada from C$192.00 to C$198.00 in a research note on Friday, March 7th. BMO Capital Markets dropped their target price on Royal Bank of Canada from C$195.00 to C$193.00 in a research report on Thursday, December 5th. Finally, TD Securities reduced their price target on shares of Royal Bank of Canada from C$180.00 to C$178.00 and set a “hold” rating on the stock in a research report on Friday, February 28th. Two analysts have rated the stock with a hold rating, five have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, Royal Bank of Canada currently has a consensus rating of “Buy” and a consensus price target of C$181.67.

Royal Bank of Canada Company Profile

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.