Royal Bank of Canada (TSE:RY) Senior Officer Graeme Ashley Hepworth Sells 308 Shares

Royal Bank of Canada (TSE:RY - Get Free Report) NYSE: RY Senior Officer Graeme Ashley Hepworth sold 308 shares of Royal Bank of Canada stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of C$182.30, for a total value of C$56,148.92.

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

• On Friday, June 20th, Graeme Ashley Hepworth sold 308 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$175.47, for a total value of C$54,044.58.
• On Thursday, May 22nd, Graeme Ashley Hepworth sold 308 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$174.06, for a total value of C$53,611.16.

Royal Bank of Canada Price Performance

Royal Bank of Canada stock traded up C$0.96 during mid-day trading on Friday, reaching C$181.03. 2,578,851 shares of the stock traded hands, compared to its average volume of 4,505,232. The stock has a market capitalization of C$256.16 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a 12-month low of C$145.58 and a 12-month high of C$183.11. The business's 50-day moving average is C$177.35 and its 200-day moving average is C$170.41.

Royal Bank of Canada Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Investors of record on Friday, August 22nd will be given a dividend of $1.54 per share. The ex-dividend date is Thursday, July 24th. This is an increase from Royal Bank of Canada's previous quarterly dividend of $1.48. This represents a $6.16 annualized dividend and a yield of 3.40%. Royal Bank of Canada's payout ratio is 49.49%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. CIBC lifted their price target on Royal Bank of Canada from C$182.00 to C$183.00 and gave the stock an "outperform" rating in a research note on Thursday, June 5th. National Bankshares set a C$179.00 target price on Royal Bank of Canada and gave the company an "outperform" rating in a research note on Thursday, May 22nd. UBS Group lowered their target price on Royal Bank of Canada from C$198.00 to C$196.00 in a research note on Thursday, May 22nd. Cibc World Mkts raised Royal Bank of Canada from a "hold" rating to a "strong-buy" rating in a research report on Thursday, April 3rd. Finally, Barclays upped their price target on Royal Bank of Canada from C$180.00 to C$182.00 and gave the company an "overweight" rating in a research report on Monday, June 9th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, Royal Bank of Canada has an average rating of "Buy" and a consensus price target of C$184.54.

Royal Bank of Canada Company Profile

Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the U.S.