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 the business’s stock in a transaction dated Friday, March 21st. The stock was sold at an average price of C$161.89, for a total transaction 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 value of C$53,938.25.

Royal Bank of Canada Stock Performance

TSE RY opened at C$166.09 on Thursday. The stock has a 50-day simple moving average of C$168.85 and a 200 day simple moving average of C$170.66. Royal Bank of Canada has a twelve month low of C$131.57 and a twelve month high of C$180.45. The stock has a market capitalization of C$235.02 billion, a PE ratio of 14.47, a P/E/G ratio of 3.42 and a beta of 0.84.

Royal Bank of Canada Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be issued a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 3.56%. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 49.49%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on RY. Scotiabank reduced their price target on Royal Bank of Canada from C$197.00 to C$191.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. CIBC reduced their target price on shares of Royal Bank of Canada from C$175.00 to C$167.00 in a research note on Wednesday, March 5th. TD Securities dropped 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 note on Friday, February 28th. Jefferies Financial Group reduced their price objective on shares of Royal Bank of Canada from C$197.00 to C$192.00 in a research note on Tuesday, February 18th. Finally, Canaccord Genuity Group increased their target price on shares of Royal Bank of Canada from C$188.00 to C$191.00 in a research report on Thursday, December 5th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average 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.