Bank of Montreal (TSE:BMO) Senior Officer Sells C$482,024.87 in Stock

Bank of Montreal (TSE:BMO) (NYSE:BMO) Senior Officer Nadim Hirji sold 3,238 shares of the stock in a transaction on Monday, March 3rd. The shares were sold at an average price of C$148.87, for a total transaction of C$482,024.87.

Bank of Montreal Trading Down 1.1 %

BMO opened at C$142.60 on Thursday. The business’s 50 day moving average is C$142.73 and its 200-day moving average is C$132.13. The stock has a market cap of C$103.29 billion, a PE ratio of 14.08, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. Bank of Montreal has a twelve month low of C$109.02 and a twelve month high of C$151.08.

Bank of Montreal Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, April 29th will be paid a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a yield of 4.46%. Bank of Montreal’s payout ratio is currently 61.20%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on BMO shares. Desjardins upped their target price on shares of Bank of Montreal from C$147.00 to C$155.00 and gave the company a “hold” rating in a research note on Wednesday, February 26th. Cibc World Mkts upgraded Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 6th. National Bankshares increased their target price on Bank of Montreal from C$153.00 to C$161.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Scotiabank lowered their price target on Bank of Montreal from C$160.00 to C$159.00 and set an “outperform” rating for the company in a report on Thursday, February 20th. Finally, Canaccord Genuity Group raised their price objective on Bank of Montreal from C$143.00 to C$148.00 in a research note on Friday, December 6th. Six analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$149.00.

Bank of Montreal Company Profile

Bank of Montreal is a diversified financial-services provider based in North America, operating four business segments: Canadian personal and commercial banking, U.S. P&C banking, wealth management, and capital markets.