Bank of Montreal (TSE:BMO) Senior Officer Sells C$1,562,007.97 in Stock

Bank of Montreal (TSE:BMO) (NYSE:BMO) Senior Officer David Robert Casper sold 12,819 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of C$121.85, for a total transaction of C$1,562,007.97.

Bank of Montreal Price Performance

BMO stock opened at C$122.19 on Friday. The company has a 50 day moving average price of C$116.36 and a 200 day moving average price of C$121.30. Bank of Montreal has a fifty-two week low of C$102.67 and a fifty-two week high of C$133.95. The stock has a market capitalization of C$89.13 billion, a PE ratio of 14.06, a price-to-earnings-growth ratio of 0.54 and a beta of 1.15.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last posted its quarterly earnings data on Tuesday, August 27th. The bank reported C$2.64 earnings per share for the quarter, missing the consensus estimate of C$2.72 by C($0.08). Bank of Montreal had a return on equity of 8.49% and a net margin of 21.20%. The company had revenue of C$8.19 billion during the quarter, compared to the consensus estimate of C$8.23 billion. As a group, equities analysts expect that Bank of Montreal will post 11.1628545 earnings per share for the current fiscal year.

Bank of Montreal Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Wednesday, October 30th will be given a $1.55 dividend. This represents a $6.20 annualized dividend and a yield of 5.07%. The ex-dividend date of this dividend is Wednesday, October 30th. Bank of Montreal’s dividend payout ratio (DPR) is presently 71.35%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BMO. Royal Bank of Canada dropped their price target on shares of Bank of Montreal from C$118.00 to C$106.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 28th. TD Securities cut shares of Bank of Montreal from a “buy” rating to a “hold” rating and decreased their price target for the company from C$130.00 to C$114.00 in a report on Wednesday, August 28th. Keefe, Bruyette & Woods downgraded Bank of Montreal from a “moderate buy” rating to a “hold” rating in a research report on Monday, June 3rd. Cormark decreased their target price on Bank of Montreal from C$129.00 to C$118.00 in a research report on Wednesday, August 28th. Finally, Desjardins decreased their price objective on Bank of Montreal from C$125.00 to C$120.00 and set a “hold” rating on the stock in a report on Wednesday, August 28th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Bank of Montreal currently has an average rating of “Hold” and an average target price of C$120.77.

Bank of Montreal Company Profile

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.