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

Royal Bank of Canada (TSE:RY) (NYSE:RY) insider Graeme Ashley Hepworth sold 1,463 shares of the stock in a transaction that occurred 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 shares were sold at an average price of C$242.82, for a total transaction of C$355,245.66.

Royal Bank of Canada Stock Down 0.2%

RY traded down C$0.52 during trading on Wednesday, hitting C$287.89. The company’s stock had a trading volume of 1,863,272 shares, compared to its average volume of 3,602,954. The business’s 50 day simple moving average is C$258.41 and its 200-day simple moving average is C$239.99. The firm has a market cap of C$400.07 billion, a PE ratio of 18.72, a P/E/G ratio of 3.42 and a beta of 1.08. Royal Bank of Canada has a one year low of C$175.03 and a one year high of C$289.82.

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 return on equity of 15.95% and a net margin of 18.40%.The firm had revenue of C$17.45 billion during the quarter. Equities research analysts expect that Royal Bank of Canada will post 12.3454675 EPS for the current fiscal year.

Royal Bank of Canada Announces Dividend

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Barclays boosted their price objective on Royal Bank of Canada from C$245.00 to C$260.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. TD Securities lowered their price target on shares of Royal Bank of Canada from C$260.00 to C$259.00 and set a “buy” rating on the stock in a report on Friday, February 27th. Jefferies Financial Group lifted their price target on shares of Royal Bank of Canada from C$226.00 to C$232.00 in a report on Wednesday, May 20th. National Bank Financial upped their price target on shares of Royal Bank of Canada from C$257.00 to C$271.00 and gave the stock an “outperform” rating in a research report on Friday, May 15th. Finally, Canaccord Genuity Group raised their price objective on shares of Royal Bank of Canada from C$280.00 to C$282.00 and gave the company a “buy” rating in a research report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company 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.