Insider Selling: Power Financial Co. (TSE:PWF) Director Sells 75,000 Shares of Stock

Power Financial Co. (TSE:PWF) Director Robert Jeffrey Orr sold 75,000 shares of Power Financial stock in a transaction dated Friday, November 17th. The shares were sold at an average price of C$35.44, for a total value of C$2,658,000.00.

Robert Jeffrey Orr also recently made the following trade(s):

  • On Tuesday, November 21st, Robert Jeffrey Orr sold 200,000 shares of Power Financial stock. The shares were sold at an average price of C$36.02, for a total value of C$7,204,000.00.
  • On Thursday, September 21st, Robert Jeffrey Orr sold 100,000 shares of Power Financial stock. The shares were sold at an average price of C$34.42, for a total value of C$3,442,000.00.
  • On Friday, September 22nd, Robert Jeffrey Orr sold 100,000 shares of Power Financial stock. The shares were sold at an average price of C$34.37, for a total value of C$3,437,000.00.

Power Financial Co. (PWF) traded up C$0.06 on Thursday, reaching C$34.89. The company had a trading volume of 467,105 shares, compared to its average volume of 483,080. Power Financial Co. has a 12-month low of C$31.75 and a 12-month high of C$37.00.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.72%. Power Financial’s dividend payout ratio (DPR) is presently 55.25%.

PWF has been the subject of several research reports. Barclays lifted their price target on Power Financial from C$37.00 to C$39.00 in a report on Tuesday, November 7th. Desjardins lifted their price target on Power Financial from C$39.00 to C$40.00 in a report on Monday. Finally, Royal Bank Of Canada lifted their price target 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.

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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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