Insider Selling: Royal Bank of Canada (TSE:RY) Insider Sells 1,463 Shares of Stock

Royal Bank of Canada (TSE:RY) (NYSE:RY) insider Graeme Ashley Hepworth sold 1,463 shares of Royal Bank of Canada stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of C$261.83, for a total value of C$383,057.29.

Graeme Ashley Hepworth also recently made the following trade(s):

• On Wednesday, April 22nd, Graeme Ashley Hepworth sold 1,463 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$242.82, for a total value of C$355,245.66.

Royal Bank of Canada Stock Up 0.5%

Shares of Royal Bank of Canada stock traded up C$1.29 during trading on Monday, reaching C$263.26. The company’s stock had a trading volume of 575,362 shares, compared to its average volume of 3,765,957. Royal Bank of Canada has a 12-month low of C$171.29 and a 12-month high of C$265.10. The company has a market capitalization of C$366.07 billion, a P/E ratio of 18.08, a price-to-earnings-growth ratio of 3.42 and a beta of 1.14. The business has a 50 day moving average price of C$237.29 and a 200-day moving average price of C$230.15.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last posted its quarterly earnings results on Thursday, February 26th. The financial services provider reported C$4.08 earnings per share for the quarter. Royal Bank of Canada had a return on equity of 15.37% and a net margin of 20.88%.The firm had revenue of C$17.96 billion for the quarter. Research analysts predict that Royal Bank of Canada will post 12.3454675 EPS for the current fiscal year.

Royal Bank of Canada Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 22nd were paid a $1.64 dividend. The ex-dividend date was Thursday, April 23rd. This represents a $6.56 dividend on an annualized basis and a dividend yield of 2.5%. Royal Bank of Canada’s payout ratio is 42.58%.

Analyst Ratings Changes

A number of analysts recently weighed in on RY shares. Jefferies Financial Group lifted their price target on Royal Bank of Canada from C$226.00 to C$232.00 in a research note on Wednesday, May 20th. TD Securities decreased their price target on Royal Bank of Canada from C$260.00 to C$259.00 and set a “buy” rating on the stock in a research note on Friday, February 27th. Canaccord Genuity Group lifted their price target on Royal Bank of Canada from C$260.00 to C$270.00 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Raymond James Financial downgraded Royal Bank of Canada from a “moderate buy” rating to a “hold” rating and boosted their target price for the stock from C$248.00 to C$265.50 in a research report on Tuesday, May 12th. Finally, Scotiabank boosted their target price on Royal Bank of Canada from C$247.00 to C$252.00 and gave the stock a “sector outperform” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Royal Bank of Canada presently has a consensus rating of “Moderate Buy” and an average target price of C$253.19.

About Royal Bank of Canada

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 101,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S.