Bank of Montreal (TSE:BMO) Senior Officer Sells C$886,977.10 in Stock

Bank of Montreal (TSE:BMO) (NYSE:BMO) Senior Officer Steven Lloyd Tennyson sold 7,908 shares of the company’s 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.

Bank of Montreal Price Performance

Bank of Montreal has a 52 week low of C$102.67 and a 52 week high of C$133.95. The company has a 50 day moving average price of C$115.62 and a 200-day moving average price of C$121.69. The stock has a market capitalization of C$83.52 billion, a P/E ratio of 12.98, a P/E/G ratio of 0.54 and a beta of 1.15.

Bank of Montreal Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Wednesday, October 30th will be issued a dividend of $1.55 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $6.20 annualized dividend and a dividend yield of ∞. Bank of Montreal’s dividend payout ratio is 71.35%.

Analysts Set New Price Targets

Several research firms have issued reports on BMO. UBS Group set a C$122.00 price objective on Bank of Montreal and gave the stock a “neutral” rating in a report on Tuesday, July 2nd. National Bankshares reduced their price target on shares of Bank of Montreal from C$131.00 to C$127.00 and set an “outperform” rating for the company in a research report on Wednesday, August 28th. Royal Bank of Canada decreased their price objective 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. CIBC boosted their target price on shares of Bank of Montreal from C$116.00 to C$120.00 in a research note on Friday, September 6th. Finally, Scotiabank lowered Bank of Montreal from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from C$123.00 to C$112.00 in a report on Wednesday, August 28th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of C$121.29.

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.