Key Points
- Director William Darryl White sold 27,167 Bank of Montreal shares at an average price of C$225.74, for proceeds of about C$6.13 million. After the sale, his holdings fell by 23.76%.
- Bank of Montreal shares were trading near their 52-week high at C$228.86, with the stock up from its 50-day and 200-day moving averages. The company’s market value is about C$161.33 billion.
- The bank recently reported quarterly earnings of C$3.67 per share on revenue of C$9.57 billion and paid a quarterly dividend of C$1.67 per share. Analysts currently have a consensus rating of Hold with an average price target of C$223.13.
Bank of Montreal (TSE:BMO - Get Free Report) (NYSE:BMO) Director William Darryl White sold 27,167 shares of the firm's stock in a transaction dated Monday, June 1st. The shares were sold at an average price of C$225.74, for a total value of C$6,132,678.58. Following the sale, the director owned 87,166 shares of the company's stock, valued at C$19,676,852.84. This represents a 23.76% decrease in their ownership of the stock.
Bank of Montreal Price Performance
Shares of Bank of Montreal stock opened at C$228.86 on Wednesday. The business has a 50-day moving average of C$204.52 and a 200-day moving average of C$192.08. The company has a market capitalization of C$161.33 billion, a PE ratio of 17.58, a P/E/G ratio of 0.71 and a beta of 1.25. Bank of Montreal has a 1-year low of C$143.35 and a 1-year high of C$229.43.
Bank of Montreal (TSE:BMO - Get Free Report) (NYSE:BMO) last announced its earnings results on Wednesday, May 27th. The bank reported C$3.67 earnings per share for the quarter. The company had revenue of C$9.57 billion during the quarter. Bank of Montreal had a return on equity of 11.25% and a net margin of 12.63%. On average, equities analysts expect that Bank of Montreal will post 9.6514585 earnings per share for the current fiscal year.
Bank of Montreal Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 26th were paid a dividend of $1.67 per share. The ex-dividend date was Wednesday, April 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.9%. Bank of Montreal's dividend payout ratio (DPR) is currently 50.69%.
Analysts Set New Price Targets
Several brokerages have recently weighed in on BMO. Scotiabank raised their target price on Bank of Montreal from C$209.00 to C$234.00 and gave the company a "sector outperform" rating in a research note on Monday. TD Securities increased their price target on shares of Bank of Montreal from C$209.00 to C$219.00 in a research report on Monday, February 9th. Desjardins increased their price target on shares of Bank of Montreal from C$212.00 to C$230.00 and gave the stock a "hold" rating in a research report on Thursday, May 28th. Barclays increased their price target on shares of Bank of Montreal from C$199.00 to C$203.00 and gave the stock an "underweight" rating in a research report on Thursday, May 28th. Finally, Canadian Imperial Bank of Commerce increased their price target on shares of Bank of Montreal from C$226.00 to C$244.00 and gave the stock an "outperformer" rating in a research report on Thursday, May 28th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of C$223.13.
Check Out Our Latest Analysis on BMO
Bank of Montreal Company Profile
(
Get Free Report)
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.
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