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

Royal Bank of Canada (TSE:RY) (NYSE:RY) Senior Officer Graeme Ashley Hepworth sold 308 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of C$175.12, for a total transaction of C$53,938.25.

Royal Bank of Canada Trading Up 0.8 %

Shares of RY opened at C$175.58 on Friday. Royal Bank of Canada has a 12-month low of C$127.60 and a 12-month high of C$180.45. The company has a market cap of C$247.57 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. The stock has a 50-day moving average price of C$174.26 and a 200-day moving average price of C$165.78.

Royal Bank of Canada Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Monday, February 24th will be given a dividend of $1.48 per share. The ex-dividend date is Monday, January 27th. This is a positive change from Royal Bank of Canada’s previous quarterly dividend of $1.42. This represents a $5.92 annualized dividend and a yield of 3.37%. Royal Bank of Canada’s payout ratio is presently 50.31%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on RY shares. BMO Capital Markets cut their target price on Royal Bank of Canada from C$195.00 to C$193.00 in a research note on Thursday, December 5th. CIBC lifted their price target on Royal Bank of Canada from C$167.00 to C$176.00 in a report on Tuesday, November 26th. National Bankshares upped their price objective on Royal Bank of Canada from C$181.00 to C$188.00 in a research note on Thursday, December 5th. Canaccord Genuity Group lifted their target price on Royal Bank of Canada from C$188.00 to C$191.00 in a research note on Thursday, December 5th. Finally, TD Securities lowered shares of Royal Bank of Canada from a “buy” rating to a “hold” rating and increased their price target for the company from C$178.00 to C$180.00 in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of C$176.58.

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.