Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$26.83 and last traded at C$154.63, with a volume of 549243 shares changing hands. The stock had previously closed at C$155.56.
Wall Street Analyst Weigh In
Several research firms recently issued reports on BMO. UBS Group dropped their price target on Bank of Montreal from C$160.00 to C$145.00 in a research report on Thursday, May 22nd. Barclays lowered Bank of Montreal from a "strong-buy" rating to a "hold" rating and set a C$144.00 price target on the stock. in a research report on Monday, June 9th. Canaccord Genuity Group set a C$166.00 price target on Bank of Montreal and gave the company a "buy" rating in a research report on Tuesday, June 24th. Jefferies Financial Group dropped their price target on Bank of Montreal from C$155.00 to C$129.00 in a research report on Monday, April 21st. Finally, Scotiabank raised Bank of Montreal to a "hold" rating in a research report on Thursday, May 15th. Eight 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 stock has an average rating of "Hold" and a consensus target price of C$145.69.
Check Out Our Latest Report on Bank of Montreal
Bank of Montreal Price Performance
The company has a market cap of C$113.52 billion, a price-to-earnings ratio of 15.47, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. The business has a 50 day simple moving average of C$147.95 and a 200 day simple moving average of C$141.75.
Bank of Montreal Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 26th will be paid a $1.63 dividend. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $6.52 dividend on an annualized basis and a yield of 4.16%. This is a positive change from Bank of Montreal's previous quarterly dividend of $1.59. Bank of Montreal's payout ratio is currently 61.20%.
Insider Buying and Selling
In other news, Senior Officer Erminia Johannson sold 4,676 shares of the business's stock in a transaction on Monday, June 9th. The stock was 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
(
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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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