Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$157.64 and last traded at C$157.60, with a volume of 217501 shares. The stock had previously closed at C$156.85.
Wall Street Analyst Weigh In
Several analysts have commented on the stock. CIBC increased their price target on shares of Bank of Montreal from C$150.00 to C$156.00 and gave the company a "neutral" rating in a research report on Thursday, June 5th. Scotiabank upgraded Bank of Montreal to a "hold" rating in a research note on Thursday, May 15th. Jefferies Financial Group decreased their price objective on Bank of Montreal from C$155.00 to C$129.00 in a research note on Monday, April 21st. National Bankshares set a C$144.00 price objective on Bank of Montreal and gave the company an "outperform" rating in a research note on Thursday, May 22nd. Finally, Canaccord Genuity Group set a C$166.00 target price on Bank of Montreal and gave the company a "buy" rating in a research note on Tuesday, June 24th. Eight analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Bank of Montreal currently has a consensus rating of "Hold" and a consensus target price of C$145.69.
Read Our Latest Stock Report on Bank of Montreal
Bank of Montreal Trading Up 0.3%
The stock has a fifty day simple moving average of C$148.32 and a 200-day simple moving average of C$141.90. The company has a market capitalization of C$113.93 billion, a PE ratio of 15.53, a P/E/G ratio of 0.71 and a beta of 1.16.
Bank of Montreal Increases Dividend
The firm also recently announced 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 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 annualized dividend and a dividend yield of 4.14%. Bank of Montreal's payout ratio is presently 61.20%.
Insider Buying and Selling at Bank of Montreal
In related news, Senior Officer Erminia Johannson sold 4,676 shares of Bank of Montreal stock in a transaction dated Monday, June 9th. The shares were sold at an average price of C$147.57, for a total transaction of C$690,023.29. Corporate 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.
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