Erminia Johannson Sells 4,676 Shares of Bank of Montreal (TSE:BMO) Stock

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO Senior Officer Erminia Johannson sold 4,676 shares of the company's stock in a transaction on Monday, June 9th. The stock was sold at an average price of C$147.57, for a total value of C$690,023.29.

Bank of Montreal Price Performance

Shares of BMO stock traded down C$0.38 during trading hours on Monday, hitting C$147.91. The company had a trading volume of 893,084 shares, compared to its average volume of 3,203,977. The company's fifty day moving average is C$136.70 and its 200 day moving average is C$139.35. Bank of Montreal has a fifty-two week low of C$109.02 and a fifty-two week high of C$151.08. The stock has a market capitalization of C$107.13 billion, a PE ratio of 14.60, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16.

Bank of Montreal Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Wednesday, July 30th will be issued a $1.63 dividend. This is an increase from Bank of Montreal's previous quarterly dividend of $1.59. This represents a $6.52 annualized dividend and a dividend yield of 4.41%. Bank of Montreal's payout ratio is presently 61.20%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BMO. CIBC upped 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. Desjardins boosted their price target on Bank of Montreal from C$147.00 to C$155.00 and gave the company a "hold" rating in a research note on Wednesday, February 26th. Jefferies Financial Group reduced their price objective on shares of Bank of Montreal from C$155.00 to C$129.00 in a research report on Monday, April 21st. TD Securities lifted their price objective on shares of Bank of Montreal from C$145.00 to C$152.00 and gave the company a "hold" rating in a research note on Tuesday, March 4th. Finally, Scotiabank raised shares of Bank of Montreal to a "hold" rating in a research note on Thursday, May 15th. Nine research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of C$145.62.

Bank of Montreal Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.