Power Financial (TSE:PWF) had its price objective upped by Desjardins from C$39.00 to C$40.00 in a research note published on Monday morning.

Several other brokerages also recently commented on PWF. Barclays raised their target price on Power Financial from C$37.00 to C$39.00 in a report on Tuesday, November 7th. Royal Bank Of Canada raised their target price on Power Financial from C$37.00 to C$39.00 and gave the company a sector perform rating in a report on Monday, November 13th.

Power Financial (TSE PWF) opened at C$34.83 on Monday. Power Financial has a 52 week low of C$31.75 and a 52 week high of C$37.00.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Friday, December 29th will be issued a dividend of $0.412 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.65 annualized dividend and a dividend yield of 4.73%. Power Financial’s payout ratio is currently 55.25%.

In related news, Director Robert Jeffrey Orr sold 100,000 shares of the firm’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of C$34.37, for a total transaction of C$3,437,000.00. Over the last quarter, insiders have sold 475,000 shares of company stock worth $16,741,000.

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Power Financial Company Profile

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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