Bank of Montreal (TSE:BMO) Senior Officer Sells C$1,562,007.97 in Stock

Bank of Montreal (TSE:BMO) (NYSE:BMO) Senior Officer David Robert Casper sold 12,819 shares of the business’s 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.

Bank of Montreal Trading Down 0.1 %

Shares of TSE BMO opened at C$122.19 on Friday. The firm has a market cap of C$89.13 billion, a PE ratio of 14.06, a PEG ratio of 0.54 and a beta of 1.15. Bank of Montreal has a 1-year low of C$102.67 and a 1-year high of C$133.95. The company has a fifty day moving average price of C$116.36 and a 200 day moving average price of C$121.30.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last announced its quarterly earnings data 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 company had revenue of C$8.19 billion during the quarter, compared to the consensus estimate of C$8.23 billion. Bank of Montreal had a net margin of 21.20% and a return on equity of 8.49%. Equities research analysts forecast that Bank of Montreal will post 11.1628545 EPS for the current year.

Bank of Montreal Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Shareholders of record on Wednesday, October 30th will be given a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a dividend yield of 5.07%. The ex-dividend date is Wednesday, October 30th. Bank of Montreal’s dividend payout ratio (DPR) is 71.35%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BMO. UBS Group set a C$122.00 price target on shares of Bank of Montreal and gave the company a “neutral” rating in a report on Tuesday, July 2nd. TD Securities lowered shares of Bank of Montreal from a “buy” rating to a “hold” rating and decreased their price target for the company from C$130.00 to C$114.00 in a report on Wednesday, August 28th. Bank of America lowered shares of Bank of Montreal from a “buy” rating to a “neutral” rating and decreased their price target for the company from C$134.00 to C$117.00 in a report on Wednesday, August 28th. Keefe, Bruyette & Woods lowered shares of Bank of Montreal from a “moderate buy” rating to a “hold” rating in a report on Monday, June 3rd. Finally, National Bankshares decreased 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 report on Wednesday, August 28th. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of C$120.77.

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.