Insider Selling: Royal Bank of Canada (TSE:RY) Senior Officer Sells 308 Shares of Stock

Royal Bank of Canada (TSE:RY) (NYSE:RY) Senior Officer Graeme Ashley Hepworth sold 308 shares of Royal Bank of Canada stock in a transaction on Monday, February 24th. The shares were sold at an average price of C$169.67, for a total value of C$52,257.10.

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

• 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 value of C$53,938.25.

Royal Bank of Canada Stock Performance

TSE:RY opened at C$166.52 on Friday. The stock has a 50-day simple moving average of C$172.49 and a 200-day simple moving average of C$169.54. The stock has a market cap of C$235.63 billion, a P/E ratio of 14.51, a P/E/G ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a 1 year low of C$130.44 and a 1 year high of C$180.45.

Royal Bank of Canada Announces Dividend

The firm 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 3.56%. Royal Bank of Canada’s dividend payout ratio is currently 49.49%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on RY shares. CIBC dropped their price objective on Royal Bank of Canada from C$176.00 to C$175.00 in a research note on Tuesday, February 18th. Barclays raised Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. 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 dropped their price objective on Royal Bank of Canada from C$200.00 to C$192.00 in a research note on Friday, February 14th. Finally, TD Securities cut Royal Bank of Canada from a “buy” rating to a “hold” rating and boosted their target price for the stock from C$178.00 to C$180.00 in a research note on Friday, November 15th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Royal Bank of Canada currently has an average rating of “Buy” and an average target price of C$180.50.

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.