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

Key Points

• Insider sale: Graeme Ashley Hepworth sold 1,463 shares of Royal Bank of Canada on April 22 at an average price of C$242.82, totaling C$355,245.66.
• Dividend announced: RBC declared a quarterly dividend of C$1.64 per share (annualized C$6.56, yield 2.7%), with an ex-dividend date of April 23 and payable May 22.
• Market and analyst view: Shares traded around C$240.18 (52-week high C$246.72) with a market cap of C$333.97B and a P/E of 16.5; analysts give a consensus "Moderate Buy" and an average target of C$244.58 after several upward target revisions.

Royal Bank of Canada (TSE:RY - Get Free Report) NYSE: RY insider Graeme Ashley Hepworth sold 1,463 shares of Royal Bank of Canada stock in a transaction on Wednesday, April 22nd. 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 Trading Up 0.3%

RY traded up C$0.62 on Friday, hitting C$240.18. 2,478,811 shares of the company's stock were exchanged, compared to its average volume of 3,718,561. Royal Bank of Canada has a fifty-two week low of C$161.82 and a fifty-two week high of C$246.72. The firm has a 50-day moving average price of C$229.99 and a 200-day moving average price of C$224.00. The stock has a market cap of C$333.97 billion, a price-to-earnings ratio of 16.50, a P/E/G ratio of 3.42 and a beta of 1.07.

Royal Bank of Canada (TSE:RY - Get Free Report) NYSE: RY last announced its earnings results 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 net margin of 20.88% and a return on equity of 15.37%. The company had revenue of C$17.96 billion for the quarter. On average, equities analysts predict that Royal Bank of Canada will post 12.3454675 EPS for the current year.

Royal Bank of Canada Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 22nd. Shareholders of record on Friday, May 22nd will be paid a dividend of $1.64 per share. This represents a $6.56 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Thursday, April 23rd. Royal Bank of Canada's payout ratio is 42.58%.

Analyst Ratings Changes

Several research firms have recently commented on RY. National Bank Financial lifted their price target on Royal Bank of Canada from C$241.00 to C$247.00 and gave the stock an "outperform" rating in a report on Friday, February 27th. TD Securities reduced 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 report on Friday, February 27th. Raymond James Financial lifted their price target on Royal Bank of Canada from C$255.00 to C$260.00 and gave the stock a "buy" rating in a report on Friday, February 27th. Canaccord Genuity Group lifted their price target on Royal Bank of Canada from C$242.00 to C$255.00 and gave the stock a "buy" rating in a report on Thursday, February 12th. Finally, Desjardins lifted their price target on Royal Bank of Canada from C$247.00 to C$250.00 and gave the stock a "buy" rating in a report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$244.58.

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.

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