Bank of Montreal (TSE:BMO) Senior Officer Sells C$690,023.29 in Stock

Bank of Montreal (TSE:BMO) (NYSE:BMO) Senior Officer Erminia Johannson sold 4,676 shares of the business’s stock in a transaction dated Monday, June 9th. The shares were sold at an average price of C$147.57, for a total value of C$690,023.29.

Bank of Montreal Price Performance

Shares of Bank of Montreal stock opened at C$147.29 on Thursday. The stock has a market cap of C$106.68 billion, a P/E ratio of 14.54, a P/E/G ratio of 0.71 and a beta of 1.16. The stock’s 50 day simple moving average is C$137.52 and its 200-day simple moving average is C$139.62. Bank of Montreal has a 1-year low of C$109.02 and a 1-year high of C$151.08.

Bank of Montreal Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Wednesday, July 30th will be given a $1.63 dividend. This is a positive change from Bank of Montreal’s previous quarterly dividend of $1.59. This represents a $6.52 dividend on an annualized basis and a yield of 4.43%. Bank of Montreal’s payout ratio is presently 61.20%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BMO. Jefferies Financial Group cut their price target on Bank of Montreal from C$155.00 to C$129.00 in a report on Monday, April 21st. Canaccord Genuity Group boosted their price objective on Bank of Montreal from C$154.00 to C$165.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Desjardins boosted their price objective on Bank of Montreal from C$147.00 to C$155.00 and gave the company a “hold” rating in a research report on Wednesday, February 26th. UBS Group lowered their price objective on Bank of Montreal from C$160.00 to C$145.00 in a research report on Thursday, May 22nd. Finally, Barclays downgraded Bank of Montreal from a “strong-buy” rating to a “hold” rating and set a C$144.00 target price on the stock. in a research report on Monday. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Bank of Montreal presently has an average rating of “Hold” and an average price target of C$145.62.

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.