Bank of Montreal (TSE:BMO) Given New C$131.00 Price Target at TD Securities

Bank of Montreal (TSE:BMO) (NYSE:BMO) had its price target raised by TD Securities from C$114.00 to C$131.00 in a research note published on Friday,BayStreet.CA reports.

Several other equities research analysts also recently weighed in on BMO. Canaccord Genuity Group lowered their target price on shares of Bank of Montreal from C$135.00 to C$130.00 and set a “buy” rating for the company in a research note on Wednesday, August 28th. Royal Bank of Canada lowered their target price on shares of Bank of Montreal from C$118.00 to C$106.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 28th. Jefferies Financial Group lowered their target price on shares of Bank of Montreal from C$141.00 to C$124.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Bank of America downgraded shares of Bank of Montreal from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from C$134.00 to C$117.00 in a research note on Wednesday, August 28th. Finally, Desjardins lowered their price objective on shares of Bank of Montreal from C$125.00 to C$120.00 and set a “hold” rating for the company in a research note on Wednesday, August 28th. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$122.08.

Bank of Montreal Stock Up 0.0 %

BMO stock traded up C$0.02 during trading on Friday, hitting C$131.32. 5,376,000 shares of the company’s stock traded hands, compared to its average volume of 2,920,101. The firm has a market capitalization of C$95.79 billion, a P/E ratio of 15.11, a PEG ratio of 0.71 and a beta of 1.16. The business has a fifty day simple moving average of C$123.80 and a two-hundred day simple moving average of C$120.95. Bank of Montreal has a 1 year low of C$107.16 and a 1 year high of C$133.95.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last announced its earnings results on Tuesday, August 27th. The bank reported C$2.64 earnings per share for the quarter, missing the consensus estimate of C$2.72 by C($0.08). The firm had revenue of C$8.19 billion during the quarter, compared to analyst estimates of C$8.23 billion. Bank of Montreal had a net margin of 21.20% and a return on equity of 8.49%. On average, equities research analysts predict that Bank of Montreal will post 9.6514585 EPS for the current fiscal year.

Bank of Montreal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 26th will be given a dividend of $1.55 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $6.20 dividend on an annualized basis and a yield of 4.72%. Bank of Montreal’s dividend payout ratio is presently 71.35%.

Insider Activity at Bank of Montreal

In other Bank of Montreal news, Senior Officer Steven Lloyd Tennyson sold 7,908 shares of Bank of Montreal stock in a transaction on Thursday, September 5th. The shares were sold at an average price of C$112.16, for a total value of C$886,977.10. Also, Senior Officer David Robert Casper sold 12,819 shares of Bank of Montreal stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$121.85, for a total transaction of C$1,562,007.97. 0.03% of the stock is currently owned by insiders.

About Bank of Montreal

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.