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

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

Bank of Montreal Price Performance

Shares of BMO stock opened at C$147.55 on Wednesday. The company has a market capitalization of C$106.87 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 0.71 and a beta of 1.16. Bank of Montreal has a one year low of C$109.02 and a one year high of C$151.08. The company’s fifty day moving average price is C$137.11 and its 200-day moving average price is C$139.57.

Bank of Montreal Increases Dividend

The business 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 dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 4.42%. This is a boost from Bank of Montreal’s previous quarterly dividend of $1.59. Bank of Montreal’s dividend payout ratio (DPR) is presently 61.20%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Canaccord Genuity Group increased their price target on shares of Bank of Montreal from C$154.00 to C$165.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Royal Bank of Canada decreased their price target on shares of Bank of Montreal from C$163.00 to C$161.00 and set an “outperform” rating on the stock in a research report on Monday. Cibc World Mkts downgraded shares of Bank of Montreal from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Scotiabank upgraded shares of Bank of Montreal to a “hold” rating in a research report on Thursday, May 15th. Finally, National Bankshares set a C$144.00 price target on shares of Bank of Montreal and gave the stock an “outperform” rating in a research report on Thursday, May 22nd. Nine analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Bank of Montreal presently has a consensus rating of “Hold” and a consensus target price of C$145.62.

About Bank of Montreal

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.