Bank of Montreal (TSE:BMO) (NYSE:BMO) insider Gilles Gerard Ouellette sold 38,412 shares of the firm’s stock in a transaction on Monday, March 20th. The shares were sold at an average price of C$100.50, for a total transaction of C$3,860,406.00.
Bank of Montreal (TSE:BMO) traded down 0.90% during trading on Monday, hitting $100.05. 1,100,374 shares of the stock traded hands. The firm has a 50-day moving average price of $100.93 and a 200 day moving average price of $92.71. The company has a market cap of $64.93 billion and a P/E ratio of 13.23. Bank of Montreal has a 52-week low of $77.08 and a 52-week high of $104.15.
The company also recently declared a quarterly dividend, which will be paid on Friday, May 26th. Investors of record on Monday, May 1st will be paid a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 3.52%.
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BMO has been the topic of a number of recent research reports. TD Securities dropped their price objective on shares of Bank of Montreal from C$100.00 to C$96.00 in a research note on Thursday, December 8th. Desjardins increased their target price on shares of Bank of Montreal from C$87.00 to C$94.00 in a report on Wednesday, December 7th. CIBC increased their target price on shares of Bank of Montreal from C$94.00 to C$97.00 in a report on Wednesday, December 7th. BMO Capital Markets increased their target price on shares of Bank of Montreal from C$90.00 to C$97.00 in a report on Wednesday, December 7th. Finally, Barclays PLC increased their target price on shares of Bank of Montreal from C$77.00 to C$82.00 in a report on Wednesday, December 7th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. Bank of Montreal presently has an average rating of “Hold” and a consensus target price 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.
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