Steven Lloyd Tennyson Sells 7,908 Shares of Bank of Montreal (TSE:BMO) Stock

Bank of Montreal (TSE:BMO) (NYSE:BMO) Senior Officer Steven Lloyd Tennyson sold 7,908 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of C$112.16, for a total transaction of C$886,977.10.

Bank of Montreal Trading Up 0.2 %

TSE BMO opened at C$112.79 on Wednesday. The business’s 50 day moving average is C$115.62 and its two-hundred day moving average is C$121.69. Bank of Montreal has a 12-month low of C$102.67 and a 12-month high of C$133.95. The stock has a market capitalization of C$82.27 billion, a price-to-earnings ratio of 12.98, a PEG ratio of 0.54 and a beta of 1.15.

Bank of Montreal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Wednesday, October 30th will be given a $1.55 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $6.20 annualized dividend and a dividend yield of 5.50%. Bank of Montreal’s dividend payout ratio is presently 71.35%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on BMO shares. TD Securities cut shares of Bank of Montreal from a “buy” rating to a “hold” rating and decreased their price objective for the company from C$130.00 to C$114.00 in a report on Wednesday, August 28th. UBS Group set a C$122.00 target price on shares of Bank of Montreal and gave the stock a “neutral” rating in a research note on Tuesday, July 2nd. Keefe, Bruyette & Woods cut Bank of Montreal from a “moderate buy” rating to a “hold” rating in a research report on Monday, June 3rd. CIBC boosted their price target on shares of Bank of Montreal from C$116.00 to C$120.00 in a research note on Friday, September 6th. Finally, Canaccord Genuity Group lowered their price objective on shares of Bank of Montreal from C$135.00 to C$130.00 and set a “buy” rating for the company in a research report on Wednesday, August 28th. Eight analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Bank of Montreal has a consensus rating of “Hold” and an average price target of C$121.29.

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.