Power Financial (TSE:PWF) had its target price boosted by Desjardins from C$39.00 to C$40.00 in a research report sent to investors on Monday morning.

Other analysts also recently issued reports about the stock. Barclays upped their target price on shares of Power Financial from C$37.00 to C$39.00 in a research report on Tuesday, November 7th. Royal Bank Of Canada increased their price objective on shares of Power Financial from C$37.00 to C$39.00 and gave the company a sector perform rating in a research report on Monday, November 13th.

Shares of Power Financial (TSE:PWF) opened at C$34.89 on Monday. Power Financial has a 1 year low of C$31.75 and a 1 year high of C$37.00.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Friday, December 29th will be given a dividend of $0.412 per share. This represents a $1.65 annualized dividend and a yield of 4.72%. The ex-dividend date of this dividend is Thursday, December 28th. Power Financial’s dividend payout ratio (DPR) is 55.25%.

In related news, Director Robert Jeffrey Orr sold 75,000 shares of the stock in a transaction dated Friday, November 17th. The shares were sold at an average price of C$35.44, for a total transaction of C$2,658,000.00. Insiders have sold a total of 475,000 shares of company stock worth $16,741,000 over the last three months.

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About Power Financial

Power Financial Corp is a Canada-based diversified management and holding company. It has operations in the financial services sector in Canada, the United States and Europe, through its controlling interests in Great- West Lifeco Inc (Lifeco) and IGM Financial Inc (IGM). It operates through three segments: Lifeco, IGM and Pargesa Holding SA (Pargesa).

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