Insider Selling: Royal Bank of Canada (TSE:RY) Senior Officer Sells 308 Shares of Stock

Royal Bank of Canada (TSE:RY - Get Free Report) NYSE: RY Senior Officer Graeme Ashley Hepworth sold 308 shares of the business's stock in a transaction dated Thursday, May 22nd. The stock was sold at an average price of C$174.06, for a total transaction of C$53,611.16.

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

• On Friday, March 21st, Graeme Ashley Hepworth sold 308 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$161.89, for a total value of C$49,862.12.
• On Monday, February 24th, Graeme Ashley Hepworth sold 308 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$169.67, for a total value of C$52,257.10.

Royal Bank of Canada Stock Performance

RY stock traded up C$0.91 during mid-day trading on Friday, hitting C$176.32. The company had a trading volume of 1,568,763 shares, compared to its average volume of 4,863,458. The firm has a market cap of C$249.49 billion, a PE ratio of 15.36, 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$140.53 and a 12 month high of C$180.45. The stock's fifty day moving average price is C$164.36 and its two-hundred day moving average price is C$169.35.

Royal Bank of Canada Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, May 23rd will be paid a dividend of $1.48 per share. The ex-dividend date of this dividend is Thursday, April 24th. This represents a $5.92 annualized dividend and a dividend yield of 3.36%. Royal Bank of Canada's payout ratio is currently 49.49%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on RY. Jefferies Financial Group decreased their price target on Royal Bank of Canada from C$195.00 to C$180.00 in a report on Monday, April 21st. CIBC upped their target price on shares of Royal Bank of Canada from C$168.00 to C$174.00 in a research note on Thursday. Scotiabank raised shares of Royal Bank of Canada to a "strong-buy" rating in a research report on Thursday, May 15th. UBS Group reduced their price objective on shares of Royal Bank of Canada from C$198.00 to C$196.00 in a research report on Thursday. Finally, TD Securities decreased their price objective on shares of Royal Bank of Canada from C$180.00 to C$178.00 and set a "hold" rating for the company in a research note on Friday, February 28th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and five have assigned a strong buy rating to the company. Based on data from MarketBeat, Royal Bank of Canada presently has an average rating of "Buy" and a consensus target price of C$180.33.

Royal Bank of Canada Company Profile

Royal Bank of Canada operates as a diversified financial service company worldwide. The company's Personal & Commercial Banking segment offers checking and savings accounts, home equity financing, personal lending, private banking, indirect lending, including auto financing, mutual funds and self-directed brokerage accounts, guaranteed investment certificates, credit cards, and payment products and solutions; and lending, leasing, deposit, investment, foreign exchange, cash management, auto dealer financing, trade products, and services to small and medium-sized commercial businesses.

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