Shares of Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$154.47 and last traded at C$152.96, with a volume of 2991106 shares trading hands. The stock had previously closed at C$153.80.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on BMO shares. Jefferies Financial Group cut their target price on Bank of Montreal from C$155.00 to C$129.00 in a research note on Monday, April 21st. CIBC raised their price target on Bank of Montreal from C$150.00 to C$156.00 and gave the company a "neutral" rating in a report on Thursday, June 5th. Royal Bank Of Canada lowered their price target on Bank of Montreal from C$163.00 to C$161.00 and set an "outperform" rating on the stock in a report on Monday, June 9th. UBS Group lowered their price target on Bank of Montreal from C$160.00 to C$145.00 in a report on Thursday, May 22nd. Finally, Scotiabank raised Bank of Montreal to a "hold" rating in a report on Thursday, May 15th. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of C$145.69.
Check Out Our Latest Research Report on BMO
Bank of Montreal Trading Up 0.8%
The firm has a market cap of C$111.69 billion, a price-to-earnings ratio of 15.22, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. The stock has a 50-day moving average of C$144.59 and a two-hundred day moving average of C$140.88.
Bank of Montreal Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Tuesday, August 26th will be given a $1.63 dividend. This is a positive change from Bank of Montreal's previous quarterly dividend of $1.59. The ex-dividend date is Wednesday, July 30th. This represents a $6.52 dividend on an annualized basis and a dividend yield of 4.23%. Bank of Montreal's dividend payout ratio (DPR) is 61.20%.
Insider Buying and Selling at Bank of Montreal
In other Bank of Montreal news, Senior Officer Erminia Johannson sold 4,676 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of C$147.57, for a total transaction of C$690,023.29. 0.03% of the stock is owned by company insiders.
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.
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