Royal Bank of Canada (TSE:RY) Senior Officer Sells C$52,257.10 in Stock

Royal Bank of Canada (TSE:RY - Get Free Report) NYSE: RY Senior Officer Graeme Ashley Hepworth sold 308 shares of Royal Bank of Canada stock in a transaction that occurred on Monday, February 24th. The shares were sold at an average price of C$169.67, for a total transaction of C$52,257.10.

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

• On Wednesday, January 22nd, Graeme Ashley Hepworth sold 308 shares of Royal Bank of Canada stock. 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 Stock Performance

RY traded up C$4.46 on Friday, reaching C$170.98. 4,373,100 shares of the company's stock were exchanged, compared to its average volume of 4,575,147. The company's 50 day moving average is C$172.44 and its 200-day moving average is C$169.84. The company has a market cap of C$241.94 billion, a price-to-earnings ratio of 14.90, a PEG ratio of 3.42 and a beta of 0.84. Royal Bank of Canada has a twelve month low of C$130.44 and a twelve month high of C$180.45.

Royal Bank of Canada Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be paid a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 3.46%. Royal Bank of Canada's dividend payout ratio (DPR) is currently 49.49%.

Wall Street Analysts Forecast Growth

RY has been the subject of a number of research reports. CIBC cut their target price on shares of Royal Bank of Canada from C$176.00 to C$175.00 in a research report on Tuesday, February 18th. UBS Group cut their price objective on Royal Bank of Canada from C$200.00 to C$192.00 in a research report on Friday, February 14th. BMO Capital Markets cut their price target on Royal Bank of Canada from C$195.00 to C$193.00 in a report on Thursday, December 5th. Scotiabank cut their price target on Royal Bank of Canada from C$197.00 to C$191.00 and set an "outperform" rating for the company in a report on Thursday, February 20th. Finally, Cormark cut their price target on Royal Bank of Canada from C$194.00 to C$189.00 in a report on Friday. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$181.83.

About Royal Bank of Canada

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.