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

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 that occurred on Friday, June 20th. The stock was sold at an average price of C$175.47, for a total value of C$54,044.58.

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

• 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 Stock Up 1.1%

Royal Bank of Canada stock traded up C$1.89 during mid-day trading on Thursday, hitting C$177.61. 3,583,988 shares of the company's stock traded hands, compared to its average volume of 4,533,883. The firm has a 50 day moving average price of C$171.21 and a 200 day moving average price of C$169.56. The company has a market cap of C$251.32 billion, a PE ratio of 15.48, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a one year low of C$144.04 and a one year high of C$180.45.

Royal Bank of Canada Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Shareholders of record on Thursday, July 24th will be paid a dividend of $1.54 per share. This represents a $6.16 annualized dividend and a yield of 3.47%. This is an increase from Royal Bank of Canada's previous quarterly dividend of $1.48. Royal Bank of Canada's payout ratio is presently 49.49%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on RY shares. TD Securities decreased their target price on Royal Bank of Canada from C$180.00 to C$178.00 and set a "hold" rating for the company in a research report on Friday, February 28th. Barclays boosted their price objective 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. Scotiabank upgraded Royal Bank of Canada to a "strong-buy" rating in a research report on Thursday, May 15th. National Bankshares set a C$179.00 price objective on Royal Bank of Canada and gave the company an "outperform" rating in a research report on Thursday, May 22nd. Finally, CIBC boosted their price objective on Royal Bank of Canada from C$182.00 to C$183.00 and gave the company an "outperform" rating in a research report on Thursday, June 5th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, Royal Bank of Canada currently has an average rating of "Buy" and an average target price 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.