Insider Selling: Bank of Montreal (TSE:BMO) Senior Officer Sells 4,676 Shares of Stock

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO Senior Officer Erminia Johannson sold 4,676 shares of the firm'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 Bank of Montreal stock traded up C$0.31 on Thursday, hitting C$147.60. 818,954 shares of the company's stock traded hands, compared to its average volume of 3,142,979. Bank of Montreal has a one year low of C$109.02 and a one year high of C$151.08. The firm's 50-day moving average price is C$137.52 and its two-hundred day moving average price is C$139.62. The stock has a market capitalization of C$106.91 billion, a PE ratio of 14.57, 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. Investors of record on Wednesday, July 30th will be paid a $1.63 dividend. This is a boost from Bank of Montreal's previous quarterly dividend of $1.59. This represents a $6.52 annualized dividend and a dividend yield of 4.42%. Bank of Montreal's dividend payout ratio (DPR) is currently 61.20%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BMO shares. Desjardins lifted their price objective 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. Canaccord Genuity Group boosted their price target on Bank of Montreal from C$154.00 to C$165.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. UBS Group reduced their price objective on shares of Bank of Montreal from C$160.00 to C$145.00 in a research note on Thursday, May 22nd. Royal Bank of Canada reduced 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 report on Monday. Finally, Jefferies Financial Group decreased their price target on shares of Bank of Montreal from C$155.00 to C$129.00 in a report on Monday, April 21st. Nine research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Bank of Montreal has a consensus rating of "Hold" and an average price target 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.