Royal Bank of Canada (TSE:RY) Insider Graeme Ashley Hepworth Sells 1,463 Shares of Stock

Royal Bank of Canada (TSE:RY) (NYSE:RY) insider Graeme Ashley Hepworth sold 1,463 shares of the company’s stock in a transaction on Monday, June 22nd. The stock was sold at an average price of C$284.86, for a total transaction of C$416,750.18.

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

• On Friday, May 22nd, Graeme Ashley Hepworth sold 1,463 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$261.83, for a total transaction of C$383,057.29.
• On Wednesday, April 22nd, Graeme Ashley Hepworth sold 1,463 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$242.82, for a total transaction of C$355,245.66.

Royal Bank of Canada Stock Performance

Shares of RY stock opened at C$288.03 on Thursday. Royal Bank of Canada has a 52-week low of C$175.03 and a 52-week high of C$289.82. The company has a 50-day simple moving average of C$259.39 and a two-hundred day simple moving average of C$240.44. The company has a market capitalization of C$400.26 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 3.42 and a beta of 1.08.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last posted its quarterly earnings data on Thursday, May 28th. The financial services provider reported C$3.90 EPS for the quarter. Royal Bank of Canada had a net margin of 18.40% and a return on equity of 15.95%. The firm had revenue of C$17.45 billion during the quarter. On average, sell-side analysts forecast that Royal Bank of Canada will post 12.3454675 EPS for the current fiscal year.

Royal Bank of Canada Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 22nd were issued a dividend of $1.64 per share. This represents a $6.56 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Thursday, April 23rd. Royal Bank of Canada’s dividend payout ratio (DPR) is 41.35%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Jefferies Financial Group boosted their price objective on Royal Bank of Canada from C$226.00 to C$232.00 in a research report on Wednesday, May 20th. Canaccord Genuity Group lifted their target price on Royal Bank of Canada from C$280.00 to C$282.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. Barclays boosted their price target on shares of Royal Bank of Canada from C$245.00 to C$260.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. TD Securities reduced their price target on shares of Royal Bank of Canada from C$260.00 to C$259.00 and set a “buy” rating for the company in a research report on Friday, February 27th. Finally, Raymond James Financial increased their price target on shares of Royal Bank of Canada from C$265.50 to C$270.50 and gave the company a “market perform” rating in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of C$260.81.

About Royal Bank of Canada

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 101,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S.