Royal Bank of Canada (TSE:RY – Get Free Report) (NYSE:RY) insider Graeme Ashley Hepworth sold 1,463 shares of the company’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of C$284.86, for a total value 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 value 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 value of C$355,245.66.
Royal Bank of Canada Stock Performance
Royal Bank of Canada stock opened at C$288.01 on Friday. The firm has a market capitalization of C$400.24 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 3.42 and a beta of 1.08. Royal Bank of Canada has a one year low of C$175.50 and a one year high of C$290.70. The stock’s 50 day moving average price is C$261.28 and its 200 day moving average price is C$241.22.
Royal Bank of Canada Announces Dividend
The company 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 of this dividend was Thursday, April 23rd. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 41.35%.
Wall Street Analyst Weigh In
A number of brokerages have commented on RY. Canadian Imperial Bank of Commerce boosted their price objective on shares of Royal Bank of Canada from C$258.00 to C$279.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Barclays raised their target price 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. 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 report on Friday, June 5th. TD boosted their price target on Royal Bank of Canada from C$267.00 to C$272.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Finally, Desjardins increased their price target on Royal Bank of Canada from C$262.00 to C$275.00 and gave the company a “buy” rating in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Royal Bank of Canada has a consensus rating of “Moderate Buy” and an average price target of C$260.81.
Read Our Latest Stock Report on Royal Bank of Canada
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.
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