Royal Bank of Canada (TSE:RY) Senior Officer Sells C$53,938.25 in Stock

Royal Bank of Canada (TSE:RY) (NYSE:RY) Senior Officer Graeme Ashley Hepworth sold 308 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was sold at an average price of C$175.12, for a total transaction of C$53,938.25.

Royal Bank of Canada Stock Up 0.2 %

Shares of RY opened at C$175.96 on Friday. Royal Bank of Canada has a 52 week low of C$127.60 and a 52 week high of C$180.45. The stock has a market cap of C$248.10 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 3.42 and a beta of 0.84. The business has a 50-day simple moving average of C$174.33 and a two-hundred day simple moving average of C$165.96.

Royal Bank of Canada Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Shareholders of record on Monday, February 24th will be issued a dividend of $1.48 per share. The ex-dividend date of this dividend is Monday, January 27th. This represents a $5.92 annualized dividend and a yield of 3.36%. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $1.42. Royal Bank of Canada’s payout ratio is currently 50.31%.

Analysts Set New Price Targets

Several analysts have commented on RY shares. Barclays upgraded Royal Bank of Canada from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. TD Securities downgraded Royal Bank of Canada from a “buy” rating to a “hold” rating and lifted their price objective for the stock from C$178.00 to C$180.00 in a report on Friday, November 15th. BMO Capital Markets dropped their price target on shares of Royal Bank of Canada from C$195.00 to C$193.00 in a report on Thursday, December 5th. Scotiabank boosted their price objective on shares of Royal Bank of Canada from C$167.00 to C$197.00 in a report on Monday, November 25th. Finally, National Bankshares lifted their target price on shares of Royal Bank of Canada from C$181.00 to C$188.00 in a research report on Thursday, December 5th. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, Royal Bank of Canada has an average rating of “Buy” and an average price target of C$176.58.

About Royal Bank of Canada

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.