Royal Bank of Canada (TSE:RY) (NYSE:RY) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$104.21 and last traded at C$102.95, with a volume of 1397541 shares traded. The stock had previously closed at C$102.65.

RY has been the subject of several research reports. Canaccord Genuity lifted their price objective on Royal Bank of Canada from C$100.00 to C$105.00 in a research report on Wednesday, November 1st. CIBC boosted their price target on Royal Bank of Canada from C$103.00 to C$113.00 in a report on Monday, November 13th. BMO Capital Markets boosted their price target on Royal Bank of Canada from C$100.00 to C$102.00 and gave the company a “market perform” rating in a report on Thursday, November 30th. CSFB boosted their price target on Royal Bank of Canada from C$105.00 to C$108.00 and gave the company an “outperform” rating in a report on Thursday, November 30th. Finally, Desjardins boosted their price target on Royal Bank of Canada from C$108.00 to C$109.00 in a report on Thursday, November 30th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of C$107.42.

The stock has a market capitalization of $151,990.00, a PE ratio of 13.75 and a beta of 0.72.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Thursday, January 25th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, January 24th. This represents a $3.64 dividend on an annualized basis and a yield of 3.50%. Royal Bank of Canada’s dividend payout ratio (DPR) is 46.03%.

In other news, insider Alex Douglas Mcgregor sold 7,403 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of C$101.73, for a total value of C$753,107.19. Also, insider Jennifer Anne Tory sold 344 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of C$101.55, for a total transaction of C$34,933.20. Over the last ninety days, insiders have sold 18,795 shares of company stock valued at $1,907,804.

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About Royal Bank of Canada

Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company operates through five segments: Personal & Commercial Banking, Wealth Management, Insurance, Investor & Treasury Services, and Capital Markets. The Personal & Commercial Banking segment engages in the personal and business banking operations, auto financing, and retail investment businesses.

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