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

Royal Bank of Canada (TSE:RY) (NYSE:RY) insider Graeme Ashley Hepworth sold 1,463 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was 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 Trading Up 0.5%

Shares of TSE:RY traded up C$1.29 on Monday, hitting C$263.26. The company had a trading volume of 575,362 shares, compared to its average volume of 3,765,957. Royal Bank of Canada has a 52-week low of C$171.29 and a 52-week high of C$265.10. The business has a 50 day moving average of C$237.29 and a 200 day moving average of C$230.15. The company has a market cap of C$366.07 billion, a PE ratio of 18.08, a PEG ratio of 3.42 and a beta of 1.14.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last issued its quarterly earnings data on Thursday, February 26th. The financial services provider reported C$4.08 earnings per share (EPS) for the quarter. Royal Bank of Canada had a return on equity of 15.37% and a net margin of 20.88%.The business had revenue of C$17.96 billion for the quarter. As a group, equities analysts predict that Royal Bank of Canada will post 12.3454675 EPS 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. Stockholders of record on Friday, May 22nd were given a $1.64 dividend. This represents a $6.56 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Thursday, April 23rd. Royal Bank of Canada’s dividend payout ratio is currently 42.58%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Desjardins upped their price objective on Royal Bank of Canada from C$250.00 to C$262.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Barclays upped their price objective on Royal Bank of Canada from C$244.00 to C$245.00 in a research report on Friday, February 27th. Raymond James Financial downgraded Royal Bank of Canada from a “moderate buy” rating to a “hold” rating and upped their price objective for the company from C$248.00 to C$265.50 in a research report on Tuesday, May 12th. Scotiabank upped their price objective on Royal Bank of Canada from C$247.00 to C$252.00 and gave the company a “sector outperform” rating in a research report on Monday, May 4th. Finally, Canaccord Genuity Group upped their price objective on Royal Bank of Canada from C$260.00 to C$270.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. One equities 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 company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$253.19.

Royal Bank of Canada Company Profile

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.