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 company’s stock in a transaction that occurred on Friday, March 21st. The shares were 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 shares were sold at an average price of C$169.67, for a total value of C$52,257.10.
• 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 transaction of C$53,938.25.

Royal Bank of Canada Price Performance

Shares of RY opened at C$166.65 on Wednesday. The company has a market cap of C$235.81 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. The firm has a 50-day moving average of C$168.96 and a 200-day moving average of C$170.64. Royal Bank of Canada has a one year low of C$131.57 and a one 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. Shareholders of record on Thursday, April 24th will be paid a $1.48 dividend. This represents a $5.92 annualized dividend and a yield of 3.55%. Royal Bank of Canada’s dividend payout ratio is 49.49%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on RY shares. TD Securities lowered their target price on Royal Bank of Canada from C$180.00 to C$178.00 and set a “hold” rating for the company in a report on Friday, February 28th. UBS Group upped their price target on Royal Bank of Canada from C$192.00 to C$198.00 in a research report on Friday, March 7th. National Bankshares lifted their price objective on shares of Royal Bank of Canada from C$181.00 to C$188.00 in a report on Thursday, December 5th. Cormark reduced 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. Finally, CIBC decreased their target price on shares of Royal Bank of Canada from C$175.00 to C$167.00 in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price 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.