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 Royal Bank of Canada stock in a transaction on Wednesday, January 22nd. 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 Trading Up 0.8 %

TSE:RY opened at C$175.58 on Friday. The company has a 50-day moving average price of C$174.26 and a 200-day moving average price of C$165.78. The stock has a market cap of C$247.57 billion, a price-to-earnings ratio of 15.55, a P/E/G ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a 12 month low of C$127.60 and a 12 month high of C$180.45.

Royal Bank of Canada Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Monday, February 24th will be given a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 3.37%. This is a boost from Royal Bank of Canada’s previous quarterly dividend of $1.42. The ex-dividend date is Monday, January 27th. Royal Bank of Canada’s payout ratio is presently 50.31%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. BMO Capital Markets reduced their price objective on Royal Bank of Canada from C$195.00 to C$193.00 in a research note on Thursday, December 5th. Scotiabank raised their price target on Royal Bank of Canada from C$167.00 to C$197.00 in a research report on Monday, November 25th. Canaccord Genuity Group boosted their price objective on Royal Bank of Canada from C$188.00 to C$191.00 in a research report on Thursday, December 5th. TD Securities cut shares of 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 report on Friday, November 15th. Finally, CIBC upped their price target on shares of Royal Bank of Canada from C$167.00 to C$176.00 in a report on Tuesday, November 26th. Two analysts have rated the stock with a hold rating, six have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$176.58.

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.