Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO's share price reached a new 52-week high on Tuesday . The stock traded as high as C$154.47 and last traded at C$152.96, with a volume of 2991106 shares changing hands. The stock had previously closed at C$153.80.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. 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 research report on Monday, June 9th. Cibc World Mkts cut Bank of Montreal from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Canaccord Genuity Group set a C$166.00 price target on shares of Bank of Montreal and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Scotiabank raised shares of Bank of Montreal to a "hold" rating in a research note on Thursday, May 15th. Finally, National Bankshares set a C$144.00 price target on shares of Bank of Montreal and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of C$145.69.
Get Our Latest Stock Analysis on BMO
Bank of Montreal Price Performance
The firm's 50 day moving average is C$146.37 and its 200 day moving average is C$141.30. The company has a market capitalization of C$112.75 billion, a PE ratio of 15.37, a P/E/G ratio of 0.71 and a beta of 1.16.
Bank of Montreal Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Tuesday, August 26th will be issued a dividend of $1.63 per share. This represents a $6.52 dividend on an annualized basis and a yield of 4.19%. The ex-dividend date is Wednesday, July 30th. This is an increase from Bank of Montreal's previous quarterly dividend of $1.59. Bank of Montreal's payout ratio is currently 61.20%.
Insider Transactions at Bank of Montreal
In related news, Senior Officer Erminia Johannson sold 4,676 shares of the business'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 currently owned by corporate insiders.
About Bank of Montreal
(
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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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