Bank of Montreal (TSE:BMO) Director Sells C$1,601,592.91 in Stock

Bank of Montreal (TSE:BMO) (NYSE:BMO) Director William Darryl White sold 11,376 shares of the company’s 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

Shares of BMO stock opened at C$141.00 on Monday. The company has a market cap of C$102.85 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 0.71 and a beta of 1.16. The stock has a 50 day simple moving average of C$130.93 and a 200-day simple moving average of C$122.12. Bank of Montreal has a 1-year low of C$109.02 and a 1-year high of C$147.54.

Bank of Montreal Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Thursday, January 30th will be given a dividend of $1.59 per share. This represents a $6.36 annualized dividend and a dividend yield of 4.51%. This is a boost from Bank of Montreal’s previous quarterly dividend of $1.55. Bank of Montreal’s payout ratio is presently 71.35%.

Analyst Ratings Changes

A number of brokerages recently commented on BMO. National Bankshares upped their target price on Bank of Montreal from C$127.00 to C$148.00 in a research report on Wednesday, November 20th. TD Securities boosted their price target on Bank of Montreal from C$114.00 to C$131.00 in a report on Friday, November 15th. Cormark decreased their price target on Bank of Montreal from C$129.00 to C$118.00 in a report on Wednesday, August 28th. Scotiabank raised Bank of Montreal from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$147.00 to C$160.00 in a report on Friday, December 6th. Finally, CIBC raised Bank of Montreal from a “neutral” rating to an “outperform” rating and boosted their price target for the company from C$134.00 to C$150.00 in a report on Friday, December 6th. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.