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

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

National Bank of Canada Trading Down 0.4 %

National Bank of Canada stock traded down C$0.48 during trading on Friday, hitting C$132.22. 2,655,261 shares of the company were exchanged, compared to its average volume of 1,756,707. The company has a market capitalization of C$45.01 billion, a P/E ratio of 12.87, a PEG ratio of 7.14 and a beta of 1.12. The business's 50 day moving average is C$134.04 and its 200 day moving average is C$123.60. National Bank of Canada has a 52 week low of C$98.04 and a 52 week high of C$141.15.

National Bank of Canada Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Shareholders of record on Monday, December 30th will be given a dividend of $1.14 per share. The ex-dividend date is Monday, December 30th. This represents a $4.56 annualized dividend and a dividend yield of 3.45%. This is a boost 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%.

Analyst Ratings Changes

Several research firms have recently issued reports on NA. CIBC raised their price target on shares of National Bank of Canada from C$135.00 to C$141.00 in a research note on Tuesday, November 26th. Cormark lowered their target price on National Bank of Canada from C$145.00 to C$142.00 in a research report on Thursday, December 5th. Canaccord Genuity Group upped their price target on National Bank of Canada from C$135.00 to C$142.00 in a research report on Thursday, December 5th. Cibc World Mkts downgraded National Bank of Canada from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 20th. Finally, BMO Capital Markets upped their target price on National Bank of Canada from C$125.00 to C$143.00 in a report on Monday, November 18th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, National Bank of Canada presently has an average rating of "Hold" and a consensus target price of C$136.10.

About National Bank of Canada

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.