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

National Bank of Canada (TSE:NA) insider Marie-Chantal Gingras sold 600 shares of National Bank of Canada 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 value of C$79,674.00.

National Bank of Canada Stock Down 0.4 %

Shares of TSE:NA opened at C$132.22 on Monday. The business’s 50 day moving average is C$134.04 and its 200 day moving average is C$123.68. National Bank of Canada has a 12-month low of C$98.04 and a 12-month high of C$141.15. The stock has a market cap of C$45.01 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 7.14 and a beta of 1.12.

National Bank of Canada Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on NA shares. Royal Bank of Canada raised their price objective on shares of National Bank of Canada from C$116.00 to C$134.00 in a research report on Thursday, December 5th. CIBC lifted 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 cut their price objective on shares of National Bank of Canada from C$145.00 to C$142.00 in a research report on Thursday, December 5th. TD Securities decreased their target price on National Bank of Canada from C$140.00 to C$138.00 in a research report on Thursday, December 5th. Finally, Canaccord Genuity Group increased their price target on National Bank of Canada from C$135.00 to C$142.00 in a report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.