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 the company's 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 shares were sold at an average price of C$174.06, for a total transaction of C$53,611.16.

Royal Bank of Canada Stock Performance

RY stock traded up C$1.46 on Tuesday, reaching C$176.13. The company's stock had a trading volume of 2,885,049 shares, compared to its average volume of 4,555,398. The business has a fifty day simple moving average of C$170.59 and a two-hundred day simple moving average of C$169.53. Royal Bank of Canada has a 12-month low of C$143.90 and a 12-month high of C$180.45. The firm has a market cap of C$249.22 billion, a PE ratio of 15.35, a PEG ratio of 3.42 and a beta of 0.84.

Royal Bank of Canada Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 22nd. Stockholders of record on Thursday, July 24th will be given a $1.54 dividend. This represents a $6.16 annualized dividend and a dividend yield of 3.50%. This is a boost from Royal Bank of Canada's previous quarterly dividend of $1.48. Royal Bank of Canada's dividend payout ratio (DPR) is currently 49.49%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. UBS Group cut their price target on shares of Royal Bank of Canada from C$198.00 to C$196.00 in a research report on Thursday, May 22nd. Scotiabank upgraded Royal Bank of Canada to a "strong-buy" rating in a report on Thursday, May 15th. TD Securities dropped their price objective on 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. National Bankshares set a C$179.00 price objective on Royal Bank of Canada and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Finally, National Bank Financial cut shares of Royal Bank of Canada from an "outperform" rating to a "sector perform" rating in a research report on Thursday, May 29th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of C$184.54.

About Royal Bank of Canada

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.