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

Royal Bank of Canada (TSE:RY) (NYSE:RY) insider Graeme Ashley Hepworth sold 1,463 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of C$284.86, for a total transaction of C$416,750.18.

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

• On Friday, May 22nd, Graeme Ashley Hepworth sold 1,463 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$261.83, for a total transaction of C$383,057.29.
• On Wednesday, April 22nd, Graeme Ashley Hepworth sold 1,463 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$242.82, for a total transaction of C$355,245.66.

Royal Bank of Canada Price Performance

Shares of RY stock traded down C$0.52 during mid-day trading on Wednesday, hitting C$287.89. The company had a trading volume of 1,863,272 shares, compared to its average volume of 3,602,954. The stock’s 50 day moving average price is C$258.41 and its 200-day moving average price is C$239.99. Royal Bank of Canada has a 52-week low of C$175.03 and a 52-week high of C$289.82. The company has a market capitalization of C$400.07 billion, a P/E ratio of 18.72, a P/E/G ratio of 3.42 and a beta of 1.08.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last posted its earnings results on Thursday, May 28th. The financial services provider reported C$3.90 earnings per share for the quarter. The company had revenue of C$17.45 billion during the quarter. Royal Bank of Canada had a net margin of 18.40% and a return on equity of 15.95%. On average, equities research analysts expect that Royal Bank of Canada will post 12.3454675 earnings per share for the current year.

Royal Bank of Canada Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Friday, May 22nd were issued a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, April 23rd. Royal Bank of Canada’s dividend payout ratio is 41.35%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on RY. Canaccord Genuity Group lifted their target price on Royal Bank of Canada from C$280.00 to C$282.00 and gave the stock a “buy” rating in a report on Friday, June 5th. Desjardins raised their price target on Royal Bank of Canada from C$262.00 to C$275.00 and gave the company a “buy” rating in a report on Friday, May 29th. National Bank Financial raised their price target on Royal Bank of Canada from C$257.00 to C$271.00 and gave the company an “outperform” rating in a report on Friday, May 15th. Scotiabank lifted their price objective on Royal Bank of Canada from C$275.00 to C$280.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, June 16th. Finally, Jefferies Financial Group upped their price objective on Royal Bank of Canada from C$226.00 to C$232.00 in a report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Royal Bank of Canada has a consensus rating of “Moderate Buy” and a consensus target price of C$260.81.

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.