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 business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of C$175.12, for a total value of C$53,938.25.

Royal Bank of Canada Trading Up 0.2 %

Shares of TSE RY opened at C$175.96 on Friday. The business has a 50 day simple moving average of C$174.41 and a 200-day simple moving average of C$166.15. Royal Bank of Canada has a twelve month low of C$127.60 and a twelve month high of C$180.45. The company has a market capitalization of C$248.10 billion, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 3.42 and a beta of 0.84.

Royal Bank of Canada Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, February 24th. Stockholders of record on Monday, February 24th will be given a $1.48 dividend. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $1.42. This represents a $5.92 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Monday, January 27th. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 50.31%.

Analysts Set New Price Targets

RY has been the topic of several recent research reports. National Bankshares boosted their price target on Royal Bank of Canada from C$181.00 to C$188.00 in a research report on Thursday, December 5th. TD Securities downgraded shares of Royal Bank of Canada from a “buy” rating to a “hold” rating and upped their target price for the company from C$178.00 to C$180.00 in a research note on Friday, November 15th. Scotiabank lifted their price target on shares of Royal Bank of Canada from C$167.00 to C$197.00 in a research note on Monday, November 25th. CIBC upped their price objective on shares of Royal Bank of Canada from C$167.00 to C$176.00 in a research report on Tuesday, November 26th. Finally, Canaccord Genuity Group lifted their target price on Royal Bank of Canada from C$188.00 to C$191.00 in a research report on Thursday, December 5th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, Royal Bank of Canada has a consensus rating of “Buy” and an average price target of C$176.58.

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.