Royal Bank of Canada (TSE:RY) Insider Sells 1,459 Shares

Royal Bank of Canada (TSE:RY) (NYSE:RY) insider Graeme Ashley Hepworth sold 1,459 shares of Royal Bank of Canada stock in a transaction on Monday, August 24th. The shares were sold at an average price of C$279.97, for a total transaction of C$408,476.23.

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

• On Wednesday, July 22nd, Graeme Ashley Hepworth sold 1,463 shares of Royal Bank of Canada stock. The shares were sold at an average price of C$297.19, for a total transaction of C$434,788.97.
• On Monday, June 22nd, Graeme Ashley Hepworth sold 1,463 shares of Royal Bank of Canada stock. The stock was sold at an average price of C$284.86, for a total value of C$416,750.18.

Royal Bank of Canada Stock Up 0.4%

Shares of TSE:RY traded up C$1.05 during trading on Wednesday, hitting C$287.68. The stock had a trading volume of 613,303 shares, compared to its average volume of 3,521,313. The company has a market capitalization of C$399.78 billion, a PE ratio of 18.70, a PEG ratio of 3.42 and a beta of 1.05. The firm’s fifty day moving average is C$293.42 and its 200 day moving average is C$259.79. Royal Bank of Canada has a 12 month low of C$195.86 and a 12 month high of C$306.38.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last released its quarterly earnings results on Thursday, May 28th. The financial services provider reported C$3.90 earnings per share for the quarter. Royal Bank of Canada had a return on equity of 15.95% and a net margin of 18.40%.The company had revenue of C$17.45 billion for 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 24th. Investors of record on Monday, August 24th were paid a dividend of $1.76 per share. The ex-dividend date of this dividend was Monday, July 27th. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $1.64. This represents a $7.04 annualized dividend and a yield of 2.4%. Royal Bank of Canada’s payout ratio is presently 41.35%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. TD upped their price target on shares of Royal Bank of Canada from C$272.00 to C$307.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Jefferies Financial Group upped their price target on shares of Royal Bank of Canada from C$240.00 to C$268.00 in a research report on Thursday, August 13th. Canaccord Genuity Group raised their target price on Royal Bank of Canada from C$282.00 to C$310.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Barclays raised their price target on Royal Bank of Canada from C$260.00 to C$300.00 in a report on Friday, August 21st. Finally, Desjardins boosted their target price on Royal Bank of Canada from C$275.00 to C$320.00 and gave the stock a “buy” rating in a research report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of C$286.07.

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.