Bank of Montreal (TSE:BMO) Director William Darryl White Sells 11,376 Shares

Bank of Montreal (TSE:BMO) (NYSE:BMO) Director William Darryl White sold 11,376 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of C$140.79, for a total value of C$1,601,592.91.

Bank of Montreal Price Performance

BMO traded down C$0.26 during midday trading on Friday, reaching C$141.00. 3,903,714 shares of the company’s stock were exchanged, compared to its average volume of 2,891,852. The business’s 50-day moving average price is C$130.55 and its 200 day moving average price is C$122.09. The stock has a market capitalization of C$102.85 billion, a PE ratio of 16.26, a P/E/G ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 1-year low of C$109.02 and a 1-year high of C$147.54.

Bank of Montreal Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, February 26th. Investors of record on Thursday, January 30th will be issued a $1.59 dividend. This is a boost from Bank of Montreal’s previous quarterly dividend of $1.55. This represents a $6.36 annualized dividend and a yield of 4.51%. Bank of Montreal’s dividend payout ratio is currently 71.35%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on BMO. TD Securities lifted their price objective on Bank of Montreal from C$114.00 to C$131.00 in a report on Friday, November 15th. Scotiabank upgraded Bank of Montreal from a “sector perform” rating to an “outperform” rating and upped their target price for the company from C$147.00 to C$160.00 in a research report on Friday, December 6th. Canaccord Genuity Group increased their price objective on Bank of Montreal from C$143.00 to C$148.00 in a research note on Friday, December 6th. National Bankshares increased their price target on Bank of Montreal from C$127.00 to C$148.00 in a research report on Wednesday, November 20th. Finally, Cormark reduced their price objective on Bank of Montreal from C$129.00 to C$118.00 in a report on Wednesday, August 28th. Six equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$131.33.

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.