Bank of Montreal (TSE:BMO - Get Free Report) (NYSE:BMO) Senior Officer Nadim Hirji sold 2,882 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of C$130.46, for a total transaction of C$375,985.72.
Bank of Montreal Price Performance
Bank of Montreal stock opened at C$130.77 on Thursday. The stock has a market cap of C$94.87 billion, a P/E ratio of 18.01, a PEG ratio of 0.54 and a beta of 1.17. Bank of Montreal has a 1 year low of C$102.67 and a 1 year high of C$132.11. The firm's 50 day moving average price is C$126.80 and its 200-day moving average price is C$119.94.
Bank of Montreal (TSE:BMO - Get Free Report) (NYSE:BMO) last released its quarterly earnings data on Tuesday, February 27th. The bank reported C$2.56 earnings per share (EPS) for the quarter, missing the consensus estimate of C$3.03 by C($0.47). Bank of Montreal had a net margin of 17.71% and a return on equity of 7.28%. The company had revenue of C$7.67 billion for the quarter, compared to the consensus estimate of C$8.57 billion. As a group, equities analysts expect that Bank of Montreal will post 11.3700787 EPS for the current year.
Bank of Montreal Dividend Announcement
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The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, April 29th will be issued a $1.51 dividend. This represents a $6.04 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date is Friday, April 26th. Bank of Montreal's dividend payout ratio (DPR) is presently 83.20%.
Analyst Ratings Changes
Several equities analysts have recently weighed in on BMO shares. Canaccord Genuity Group lowered their price objective on shares of Bank of Montreal from C$137.00 to C$136.00 and set a "buy" rating on the stock in a research note on Wednesday, February 28th. CIBC lowered their price objective on shares of Bank of Montreal from C$125.00 to C$120.00 and set a "neutral" rating on the stock in a research note on Friday, March 8th. Scotiabank lowered their price objective on shares of Bank of Montreal from C$145.00 to C$141.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 28th. Bank of America upgraded shares of Bank of Montreal from a "neutral" rating to a "buy" rating and increased their price objective for the stock from C$120.00 to C$145.00 in a research note on Monday, December 18th. Finally, TD Securities decreased their target price on shares of Bank of Montreal from C$140.00 to C$135.00 and set a "buy" rating on the stock in a research note on Wednesday, February 28th. One analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$132.39.
View Our Latest Report on BMO
About Bank of Montreal
(
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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.
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