National Bank of Canada Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:NBC Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
24 Mar 25	Sell€540	Nancy Paquet	Individual	7	€77.19
17 Mar 25	Buy€75,592	B. Loewen	Individual	1,000	€75.59
13 Mar 25	Buy€159,460	Lucie Blanchet	Individual	2,147	€74.27
03 Mar 25	Buy€329,614	Macky Tall	Individual	4,182	€78.82
28 Feb 25	Buy€800,010	Laurent Ferreira	Individual	10,000	€80.88
28 Feb 25	Buy€166,123	Julie Levesque	Individual	2,082	€79.79
27 Feb 25	Buy€336,620	Robert Pare	Individual	4,200	€80.15
27 Feb 25	Buy€139,221	Marie-Chantal Gingras	Individual	1,750	€79.55
27 Feb 25	Buy€335,380	Jean-Sebastien Grise	Individual	4,160	€80.62
19 Feb 25	Buy€28,406	Yvon Charest	Individual	334	€85.05
24 Dec 24	Sell€53,297	Marie-Chantal Gingras	Individual	600	€88.83
06 Dec 24	Buy€31,384	J. Burrows	Individual	350	€89.67
19 Nov 24	Buy€25,755	Yvon Charest	Individual	285	€90.37
04 Sep 24	Buy€1,236	Julie Levesque	Individual	15	€82.39
19 Aug 24	Buy€25,258	Yvon Charest	Individual	325	€77.72
21 May 24	Buy€25,410	Yvon Charest	Individual	324	€78.43

Insider Trading Volume

Insider Buying: NBC insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of NBC?
Owner Type	Number of Shares	Ownership Percentage
Private Companies	35,130	0.00898%
Individual Insiders	345,922	0.0884%
Institutions	124,373,029	31.8%
General Public	266,535,136	68.1%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 15.1%.

Top Shareholders

Top 25 shareholders own 27.26% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
4.06%	The Vanguard Group, Inc.	15,878,899	€1.2b	11.6%	0.02%
3.51%	BMO Asset Management Corp.	13,748,432	€1.1b	21.1%	0.47%
2.76%	BlackRock, Inc.	10,797,351	€845.3m	11%	0.01%
2.54%	Caisse de dépôt et placement du Québec	9,942,200	€778.3m	0%	0.84%
2.28%	TD Asset Management, Inc.	8,938,044	€699.7m	9.58%	0.57%
1.91%	Capital Research and Management Company	7,464,505	€584.4m	-9.39%	0.03%
1.22%	RBC Global Asset Management Inc.	4,768,339	€373.3m	0.22%	0.26%
1.08%	1832 Asset Management L.P.	4,223,708	€330.7m	49.1%	0.5%
1.04%	Norges Bank Investment Management	4,088,867	€320.1m	0%	0.03%
0.9%	Dimensional Fund Advisors LP	3,529,908	€276.3m	10.4%	0.05%
0.87%	T. Rowe Price Group, Inc.	3,397,038	€265.9m	-9.81%	0.03%
0.57%	Manulife Asset Management	2,225,413	€174.2m	0.17%	0.15%
0.46%	Geode Capital Management, LLC	1,813,915	€142.0m	49.1%	0.01%
0.44%	CIBC Asset Management Inc.	1,711,639	€134.0m	-5.84%	0.28%
0.39%	Hamilton ETFs	1,521,647	€119.1m	29.9%	2.61%
0.38%	UBS Asset Management AG	1,494,955	€117.0m	-0.21%	0.01%
0.37%	JP Morgan Asset Management	1,429,016	€111.9m	12.3%	0.01%
0.36%	Mackenzie Financial Corporation	1,389,195	€108.8m	3.08%	0.13%
0.35%	Brompton Funds Limited	1,363,340	€106.7m	-5.21%	5.12%
0.34%	Mirae Asset Global Investments Co., Ltd.	1,332,507	€104.3m	-4.15%	0.09%
0.32%	Canoe Financial LP	1,267,038	€99.2m	-1.03%	1.31%
0.29%	Fiera Capital Corporation	1,150,545	€90.1m	1.86%	0.24%
0.29%	Tweedy, Browne Company LLC	1,124,700	€88.0m	0%	1.43%
0.28%	State Street Global Advisors, Inc.	1,102,695	€86.3m	27.4%	no data
0.24%	Charles Schwab Investment Management, Inc.	945,056	€74.0m	11%	0.01%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/07 00:46
End of Day Share Price	2025/05/07 00:00
Earnings	2025/01/31
Annual Earnings	2024/10/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

National Bank of Canada is covered by 25 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
John Aiken	Barclays
Brian Morton	Barclays
Sohrab Movahedi	BMO Capital Markets Equity Research