Insider Selling: Bank of Montreal (TSE:BMO) Senior Officer Sells 3,238 Shares of Stock

Bank of Montreal (TSE:BMO) (NYSE:BMO) Senior Officer Nadim Hirji sold 3,238 shares of Bank of Montreal stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of C$148.87, for a total value of C$482,024.87.

Bank of Montreal Stock Down 2.2 %

TSE:BMO opened at C$144.18 on Wednesday. The firm has a market capitalization of C$104.43 billion, a price-to-earnings ratio of 14.23, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. Bank of Montreal has a twelve month low of C$109.02 and a twelve month high of C$151.08. The stock’s 50 day moving average price is C$142.66 and its two-hundred day moving average price is C$131.91.

Bank of Montreal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, April 29th will be given a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a dividend yield of 4.41%. Bank of Montreal’s dividend payout ratio (DPR) is 61.20%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BMO shares. CIBC lifted their price objective on Bank of Montreal from C$154.00 to C$156.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. Desjardins lifted their price objective on Bank of Montreal from C$147.00 to C$155.00 and gave the company a “hold” rating in a report on Wednesday, February 26th. Royal Bank of Canada lifted their price objective on Bank of Montreal from C$161.00 to C$163.00 and gave the company an “outperform” rating in a report on Wednesday, February 26th. Canaccord Genuity Group lifted their price objective on Bank of Montreal from C$154.00 to C$165.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Finally, UBS Group lifted their price objective on Bank of Montreal from C$146.00 to C$160.00 in a report on Friday, February 28th. Six research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$149.31.

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.