Insider Selling: National Bank of Canada (TSE:NA) Insider Sells 600 Shares of Stock

National Bank of Canada (TSE:NA) insider Marie-Chantal Gingras sold 600 shares of National Bank of Canada stock in a transaction 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 Trading Down 0.5 %

NA traded down C$0.71 on Friday, hitting C$131.99. 1,471,725 shares of the stock traded hands, compared to its average volume of 1,751,815. The business has a fifty day moving average price of C$134.03 and a two-hundred day moving average price of C$123.50. National Bank of Canada has a 52 week low of C$98.04 and a 52 week high of C$141.15. The firm has a market capitalization of C$44.93 billion, a PE ratio of 12.85, a P/E/G ratio of 7.14 and a beta of 1.12.

National Bank of Canada Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, February 1st. Stockholders of record on Monday, December 30th will be issued a $1.14 dividend. The ex-dividend date is Monday, December 30th. This is a boost from National Bank of Canada’s previous quarterly dividend of $1.10. This represents a $4.56 dividend on an annualized basis and a dividend yield of 3.45%. National Bank of Canada’s dividend payout ratio is presently 42.84%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on NA shares. Cormark reduced their price target on shares of National Bank of Canada from C$145.00 to C$142.00 in a research report on Thursday, December 5th. Scotiabank lifted their price objective on National Bank of Canada from C$129.00 to C$154.00 in a research report on Monday, November 25th. BMO Capital Markets raised their price target on National Bank of Canada from C$125.00 to C$143.00 in a research note on Monday, November 18th. Canaccord Genuity Group increased their price objective on National Bank of Canada from C$135.00 to C$142.00 in a report on Thursday, December 5th. Finally, Barclays cut shares of National Bank of Canada from a “strong-buy” rating to a “hold” rating in a research note on Thursday, November 21st. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, National Bank of Canada currently has an average 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.