Bank of Montreal (TSE:BMO) (NYSE:BMO) Director Linda Susan Huber bought 166 shares of Bank of Montreal stock in a transaction dated Tuesday, September 12th. The shares were acquired at an average price of C$75.44 per share, with a total value of C$12,523.04.
Bank of Montreal (TSE:BMO) traded down 0.23% during mid-day trading on Friday, hitting $91.68. The stock had a trading volume of 6,389,764 shares. The company has a market cap of $59.50 billion and a price-to-earnings ratio of 11.28. Bank of Montreal has a 12 month low of $83.44 and a 12 month high of $104.15. The firm’s 50-day moving average is $92.07 and its 200 day moving average is $95.56.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Wednesday, November 1st will be issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.93%.
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Several research analysts have recently commented on the company. CIBC reduced their target price on Bank of Montreal from C$101.00 to C$100.00 in a research note on Wednesday, August 30th. Canaccord Genuity boosted their price target on Bank of Montreal from C$99.00 to C$102.00 and gave the company a “hold” rating in a research note on Wednesday, August 30th. TD Securities upgraded Bank of Montreal from a “hold” rating to a “buy” rating and set a C$105.00 price target for the company in a research note on Thursday, June 1st. Scotiabank reduced their price target on Bank of Montreal from C$103.00 to C$101.00 and set an “outperform” rating for the company in a research note on Wednesday, August 30th. Finally, Barclays PLC boosted their price target on Bank of Montreal from C$98.00 to C$99.00 in a research note on Friday, August 11th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of C$100.38.
Bank of Montreal Company Profile
Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets.
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