Graeme Ashley Hepworth Sells 308 Shares of Royal Bank of Canada (TSE:RY) 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 stock was 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 stock was sold at an average price of C$175.12, for a total value of C$53,938.25.

Royal Bank of Canada Trading Up 0.4 %

Royal Bank of Canada stock opened at C$171.42 on Thursday. The firm has a market capitalization of C$242.56 billion, a P/E ratio of 14.94, a PEG ratio of 3.42 and a beta of 0.84. The stock has a fifty day moving average price of C$172.61 and a 200 day moving average price of C$169.41. Royal Bank of Canada has a 52 week low of C$130.44 and a 52 week high of C$180.45.

Royal Bank of Canada Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Monday, February 24th were paid a $1.48 dividend. 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 3.45%. The ex-dividend date of this dividend was Monday, January 27th. Royal Bank of Canada’s dividend payout ratio is presently 49.49%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on RY. TD Securities cut Royal Bank of Canada from a “buy” rating to a “hold” rating and boosted their price target for the stock from C$178.00 to C$180.00 in a report on Friday, November 15th. National Bankshares boosted their price target on Royal Bank of Canada from C$181.00 to C$188.00 in a report on Thursday, December 5th. CIBC cut their price target on Royal Bank of Canada from C$176.00 to C$175.00 in a report on Tuesday, February 18th. Canaccord Genuity Group boosted their price target on Royal Bank of Canada from C$188.00 to C$191.00 in a report on Thursday, December 5th. Finally, BMO Capital Markets cut their price target on Royal Bank of Canada from C$195.00 to C$193.00 in a report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target 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.