Royal Bank of Canada (TSE:RY) Senior Officer Graeme Ashley Hepworth Sells 308 Shares of 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 stock was 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 stock was sold at an average price of C$175.12, for a total value of C$53,938.25.

Royal Bank of Canada Price Performance

Royal Bank of Canada stock opened at C$171.42 on Thursday. Royal Bank of Canada has a 1-year low of C$130.44 and a 1-year high of C$180.45. The company has a market cap of C$242.56 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. The stock’s 50 day moving average price is C$172.61 and its 200 day moving average price is C$169.41.

Royal Bank of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, February 24th. Investors of record on Monday, February 24th were paid a $1.48 dividend. The ex-dividend date was Monday, January 27th. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $1.42. This represents a $5.92 dividend on an annualized basis and a dividend yield of 3.45%. Royal Bank of Canada’s payout ratio is 49.49%.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Scotiabank dropped their price target on 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. TD Securities downgraded Royal Bank of Canada from a “buy” rating to a “hold” rating and raised their price target for the stock from C$178.00 to C$180.00 in a research note on Friday, November 15th. National Bankshares raised their price target on Royal Bank of Canada from C$181.00 to C$188.00 in a research note on Thursday, December 5th. Canaccord Genuity Group lifted their target price on Royal Bank of Canada from C$188.00 to C$191.00 in a research note on Thursday, December 5th. Finally, Jefferies Financial Group lowered their target price on Royal Bank of Canada from C$197.00 to C$192.00 in a research note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, 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.