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 stock in a transaction dated Monday, February 24th. The stock was 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 Stock Up 0.1 %

Shares of TSE RY traded up C$0.11 during midday trading on Wednesday, hitting C$170.80. The company had a trading volume of 916,961 shares, compared to its average volume of 4,491,191. The business has a 50-day simple moving average of C$172.64 and a two-hundred day simple moving average of C$169.24. The firm has a market capitalization of C$241.68 billion, a price-to-earnings ratio of 14.88, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a twelve month low of C$130.44 and a twelve month high of C$180.45.

Royal Bank of Canada Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Monday, February 24th were paid a dividend of $1.48 per share. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend was Monday, January 27th. This represents a $5.92 annualized dividend and a yield of 3.47%. Royal Bank of Canada’s payout ratio is 49.49%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on RY. National Bankshares raised their target price on Royal Bank of Canada from C$181.00 to C$188.00 in a research note on Thursday, December 5th. 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. Jefferies Financial Group cut their price objective on shares of Royal Bank of Canada from C$197.00 to C$192.00 in a report on Tuesday, February 18th. Canaccord Genuity Group upped their price objective on shares of Royal Bank of Canada from C$188.00 to C$191.00 in a report on Thursday, December 5th. Finally, TD Securities cut Royal Bank of Canada from a “buy” rating to a “hold” rating and raised their target price for the stock from C$178.00 to C$180.00 in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$180.50.

About Royal Bank of Canada

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.