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 shares were 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 stock was 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 Trading Up 0.4%

Royal Bank of Canada stock opened at C$289.12 on Friday. The business’s 50 day simple moving average is C$260.36 and its 200 day simple moving average is C$240.90. Royal Bank of Canada has a 12 month low of C$175.50 and a 12 month high of C$290.70. The company has a market cap of C$401.78 billion, a price-to-earnings ratio of 18.80, a PEG ratio of 3.42 and a beta of 1.08.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last released its earnings results on Thursday, May 28th. The financial services provider reported C$3.90 earnings per share (EPS) for the quarter. The business had revenue of C$17.45 billion during the quarter. Royal Bank of Canada had a return on equity of 15.95% and a net margin of 18.40%. As a group, equities research analysts forecast that Royal Bank of Canada will post 12.3454675 earnings per share for the current fiscal year.

Royal Bank of Canada Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on RY. Scotiabank boosted their price objective on Royal Bank of Canada from C$275.00 to C$280.00 and gave the company a “sector outperform” rating in a research note on Tuesday, June 16th. National Bank Financial increased their target price 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. Raymond James Financial lifted their target price on shares of Royal Bank of Canada from C$265.50 to C$270.50 and gave the stock a “market perform” rating in a research note on Friday, May 29th. Canadian Imperial Bank of Commerce boosted their price target on shares of Royal Bank of Canada from C$258.00 to C$279.00 and gave the company a “neutral” rating in a research report on Friday, May 29th. Finally, Barclays upped their price target on shares of 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. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Royal Bank of Canada presently has a consensus rating of “Moderate Buy” and an average target price of C$260.81.

Royal Bank of Canada Company Profile

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.