Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO announced a quarterly dividend on Wednesday, May 28th, RTT News reports. Investors of record on Wednesday, July 30th will be given a dividend of 1.63 per share by the bank on Tuesday, August 26th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.42%. This is a 2.5% increase from Bank of Montreal's previous quarterly dividend of $1.59.
Bank of Montreal Stock Down 0.2%
Shares of BMO traded down C$0.32 during trading hours on Friday, reaching C$147.47. The stock had a trading volume of 2,873,721 shares, compared to its average volume of 3,289,854. Bank of Montreal has a 52 week low of C$109.02 and a 52 week high of C$151.08. The firm has a 50-day moving average of C$135.56 and a 200 day moving average of C$138.54. The company has a market cap of C$106.81 billion, a P/E ratio of 14.56, a P/E/G ratio of 0.71 and a beta of 1.16.
Wall Street Analyst Weigh In
BMO has been the subject of a number of research analyst reports. TD Securities upped their target price on shares of Bank of Montreal from C$145.00 to C$152.00 and gave the stock a "hold" rating in a research note on Tuesday, March 4th. Canaccord Genuity Group upped their target price on shares of Bank of Montreal from C$154.00 to C$165.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Royal Bank of Canada set a C$163.00 target price on shares of Bank of Montreal and gave the stock an "outperform" rating in a research note on Monday, March 17th. Jefferies Financial Group reduced their target price on shares of Bank of Montreal from C$155.00 to C$129.00 in a research note on Monday, April 21st. Finally, Desjardins upped their target price on shares of Bank of Montreal from C$147.00 to C$155.00 and gave the stock a "hold" rating in a research note on Wednesday, February 26th. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Bank of Montreal currently has a consensus rating of "Hold" and a consensus target price of C$144.38.
Check Out Our Latest Analysis on BMO
Insider Transactions at Bank of Montreal
In related news, Senior Officer Nadim Hirji sold 3,238 shares of the firm's 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. Company insiders own 0.03% of the company's stock.
About Bank of Montreal
(
Get Free Report)
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.
Featured Articles
Before you consider Bank of Montreal, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bank of Montreal wasn't on the list.
While Bank of Montreal currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
