Insider Selling: Bank of Montreal (TSE:BMO) Senior Officer Sells 3,238 Shares of Stock

Bank of Montreal (TSE:BMO) (NYSE:BMO) Senior Officer Nadim Hirji sold 3,238 shares of the firm’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of C$148.87, for a total value of C$482,024.87.

Bank of Montreal Stock Performance

TSE:BMO opened at C$147.47 on Tuesday. The company has a market cap of C$106.81 billion, a PE ratio of 14.56, a PEG ratio of 0.71 and a beta of 1.16. Bank of Montreal has a 52-week low of C$109.02 and a 52-week high of C$151.08. The stock has a 50-day simple moving average of C$142.56 and a 200 day simple moving average of C$131.68.

Bank of Montreal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, April 29th will be paid a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a yield of 4.31%. Bank of Montreal’s dividend payout ratio is 61.20%.

Analysts Set New Price Targets

BMO has been the topic of a number of recent analyst reports. UBS Group raised their price objective on Bank of Montreal from C$146.00 to C$160.00 in a research note on Friday. Canaccord Genuity Group lifted their price target on 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. Scotiabank dropped their price target on Bank of Montreal from C$160.00 to C$159.00 and set an “outperform” rating on the stock in a research report on Thursday, February 20th. Jefferies Financial Group lifted their price objective on Bank of Montreal from C$140.00 to C$155.00 and gave the stock a “hold” rating in a report on Wednesday, February 26th. Finally, CIBC lifted their price objective on Bank of Montreal from C$154.00 to C$156.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$149.31.

Bank of Montreal Company Profile

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.