National Bank of Canada (TSE:NA) Insider Marie-Chantal Gingras Sells 600 Shares

National Bank of Canada (TSE:NA) insider Marie-Chantal Gingras sold 600 shares of the company’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of C$132.79, for a total transaction of C$79,674.00.

National Bank of Canada Price Performance

Shares of TSE:NA opened at C$132.22 on Friday. National Bank of Canada has a 1-year low of C$98.04 and a 1-year high of C$141.15. The stock has a market cap of C$45.01 billion, a P/E ratio of 12.87, a P/E/G ratio of 7.14 and a beta of 1.12. The firm has a fifty day moving average price of C$134.04 and a 200 day moving average price of C$123.64.

National Bank of Canada Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, February 1st. Investors of record on Monday, December 30th will be issued a dividend of $1.14 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.45%. This is a positive change from National Bank of Canada’s previous quarterly dividend of $1.10. National Bank of Canada’s dividend payout ratio (DPR) is currently 42.84%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on NA shares. TD Securities dropped their price objective on shares of National Bank of Canada from C$140.00 to C$138.00 in a research report on Thursday, December 5th. BMO Capital Markets increased their target price on National Bank of Canada from C$125.00 to C$143.00 in a report on Monday, November 18th. Canaccord Genuity Group upped their price objective on National Bank of Canada from C$135.00 to C$142.00 in a research report on Thursday, December 5th. Cormark cut their target price on National Bank of Canada from C$145.00 to C$142.00 in a research report on Thursday, December 5th. Finally, Scotiabank upped their price target on National Bank of Canada from C$129.00 to C$154.00 in a report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of C$136.10.

National Bank of Canada Company Profile

National Bank of Canada provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International. The Personal and Commercial segment offers personal banking services, including transaction solutions, mortgage loans and home equity lines of credit, consumer loans, payment solutions, and savings and investment solutions; various insurance products; and commercial banking services, such as credit, and deposit, investment solutions, international trade, foreign exchange transactions, payroll, cash management, insurance, electronic transactions, and complimentary services.