William Darryl White Sells 11,376 Shares of Bank of Montreal (TSE:BMO) Stock

Bank of Montreal (TSE:BMO) (NYSE:BMO) Director William Darryl White sold 11,376 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of C$140.79, for a total value of C$1,601,592.91.

Bank of Montreal Price Performance

Bank of Montreal stock opened at C$141.00 on Friday. The business has a 50 day simple moving average of C$130.93 and a 200 day simple moving average of C$122.17. The company has a market capitalization of C$102.85 billion, a PE ratio of 16.23, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. Bank of Montreal has a one year low of C$109.02 and a one year high of C$147.54.

Bank of Montreal Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Thursday, January 30th will be issued a dividend of $1.59 per share. This is a boost from Bank of Montreal’s previous quarterly dividend of $1.55. This represents a $6.36 dividend on an annualized basis and a dividend yield of 4.51%. Bank of Montreal’s dividend payout ratio (DPR) is presently 71.35%.

Wall Street Analysts Forecast Growth

BMO has been the subject of several research reports. Cormark reduced their price objective on Bank of Montreal from C$129.00 to C$118.00 in a research report on Wednesday, August 28th. Bank of America downgraded shares of Bank of Montreal from a “buy” rating to a “neutral” rating and reduced their price target for the company from C$134.00 to C$117.00 in a report on Wednesday, August 28th. CIBC upgraded shares of Bank of Montreal from a “neutral” rating to an “outperform” rating and raised their price target for the stock from C$134.00 to C$150.00 in a research report on Friday, December 6th. Scotiabank raised shares of Bank of Montreal from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$147.00 to C$160.00 in a research report on Friday, December 6th. Finally, Desjardins decreased their target price on Bank of Montreal from C$125.00 to C$120.00 and set a “hold” rating on the stock in a research report on Wednesday, August 28th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$131.33.

Bank of Montreal Company Profile

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.