Bank of Montreal (TSE:BMO) (NYSE:BMO) insider Christopher Blake Begy sold 32,593 shares of the stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of C$102.78, for a total value of C$3,349,908.54.
Shares of Bank of Montreal (TSE:BMO) traded down 0.59% during midday trading on Tuesday, hitting $102.49. The company had a trading volume of 1,359,459 shares. The stock’s 50-day moving average price is $100.83 and its 200-day moving average price is $92.48.
The company has a market cap of $66.52 billion and a price-to-earnings ratio of 13.55. Bank of Montreal has a 12 month low of $77.08 and a 12 month high of $104.15.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 26th. Shareholders of record on Monday, May 1st will be issued a dividend of $0.88 per share. This represents a $3.52 annualized dividend and a yield of 3.43%.
Several research firms have recently weighed in on BMO. CIBC increased their price objective on Bank of Montreal from C$104.00 to C$109.00 in a report on Tuesday, March 7th.
Royal Bank of Canada increased their price objective on Bank of Montreal from C$106.00 to C$110.00 and gave the company a “sector perform” rating in a report on Wednesday, March 1st.
TD Securities reissued a “hold” rating and issued a C$105.00 price objective on shares of Bank of Montreal in a report on Wednesday, March 1st. Scotiabank increased their price objective on Bank of Montreal from C$108.00 to C$113.00 and gave the company an “outperform” rating in a report on Wednesday, March 1st. Finally, National Bank Financial increased their price objective on Bank of Montreal from C$104.00 to C$107.00 in a report on Wednesday, March 1st.
One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of C$100.00.
Bank of Montreal Company Profile
Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets.