Royal Bank of Canada (TSE:RY) Senior Officer Sells C$52,257.10 in 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 dated Monday, February 24th. The shares were sold at an average price of C$169.67, for a total transaction 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 transaction of C$53,938.25.

Royal Bank of Canada Price Performance

Royal Bank of Canada stock opened at C$170.98 on Friday. The firm’s 50 day simple moving average is C$172.44 and its 200-day simple moving average is C$169.70. The company has a market cap of C$241.94 billion, a P/E ratio of 14.90, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a fifty-two week low of C$130.44 and a fifty-two week high of C$180.45.

Royal Bank of Canada Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be given a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 3.46%. Royal Bank of Canada’s dividend payout ratio (DPR) is currently 49.49%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on RY shares. CIBC lowered their price objective on shares of Royal Bank of Canada from C$176.00 to C$175.00 in a research note on Tuesday, February 18th. Canaccord Genuity Group lifted their price objective on shares of Royal Bank of Canada from C$188.00 to C$191.00 in a research note on Thursday, December 5th. Scotiabank lowered their price objective on shares of Royal Bank of Canada from C$197.00 to C$191.00 and set an “outperform” rating on the stock in a research note on Thursday, February 20th. UBS Group lowered their price objective on shares of Royal Bank of Canada from C$200.00 to C$192.00 in a research note on Friday, February 14th. Finally, Jefferies Financial Group lowered 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. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of C$181.83.

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.