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 firm’s stock in a transaction that occurred 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

Shares of Royal Bank of Canada stock opened at C$166.52 on Friday. Royal Bank of Canada has a one year low of C$130.44 and a one year high of C$180.45. The company has a market cap of C$235.63 billion, a price-to-earnings ratio of 14.51, a PEG ratio of 3.42 and a beta of 0.84. The business’s 50 day moving average price is C$172.49 and its 200 day moving average price is C$169.54.

Royal Bank of Canada Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, April 24th will be given a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a yield of 3.56%. Royal Bank of Canada’s dividend payout ratio is currently 49.49%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Jefferies Financial Group decreased their target price on Royal Bank of Canada from C$197.00 to C$192.00 in a research report on Tuesday, February 18th. CIBC decreased their target price on Royal Bank of Canada from C$176.00 to C$175.00 in a research report on Tuesday, February 18th. Canaccord Genuity Group raised their target price on Royal Bank of Canada from C$188.00 to C$191.00 in a research report on Thursday, December 5th. BMO Capital Markets decreased their target price on Royal Bank of Canada from C$195.00 to C$193.00 in a research report on Thursday, December 5th. Finally, UBS Group decreased their target price on Royal Bank of Canada from C$200.00 to C$192.00 in a research report on Friday, February 14th. Two equities research 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. According to MarketBeat, the company has an average rating of “Buy” and a consensus 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.