Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$142.86 and traded as high as C$150.93. Bank of Montreal shares last traded at C$150.91, with a volume of 3,289,232 shares traded.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on BMO shares. Royal Bank Of Canada lowered their target price on Bank of Montreal from C$163.00 to C$161.00 and set an "outperform" rating on the stock in a research note on Monday, June 9th. CIBC upped their price objective on Bank of Montreal from C$150.00 to C$156.00 and gave the stock a "neutral" rating in a research report on Thursday, June 5th. Canaccord Genuity Group set a C$166.00 price objective 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 report on Thursday, May 15th. Finally, Jefferies Financial Group cut their price objective on shares of Bank of Montreal from C$155.00 to C$129.00 in a report on Monday, April 21st. Eight analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Bank of Montreal currently has a consensus rating of "Hold" and a consensus target price of C$145.69.
Get Our Latest Stock Analysis on BMO
Bank of Montreal Trading Up 1.1%
The stock has a market cap of C$111.61 billion, a price-to-earnings ratio of 15.21, a P/E/G ratio of 0.71 and a beta of 1.16. The firm's 50-day moving average is C$143.30 and its two-hundred day moving average is C$140.56.
Bank of Montreal Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Tuesday, August 26th will be paid a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.23%. The ex-dividend date is Wednesday, July 30th. This is a boost from Bank of Montreal's previous quarterly dividend of $1.59. Bank of Montreal's payout ratio is 61.20%.
Insider Activity 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 shares were 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
(
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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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