Bank of Montreal (TSE:BMO) Director William Darryl White Sells 11,376 Shares

Bank of Montreal (TSE:BMO) (NYSE:BMO) Director William Darryl White sold 11,376 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of C$140.79, for a total transaction of C$1,601,592.91.

Bank of Montreal Price Performance

BMO stock opened at C$141.00 on Friday. The stock has a market cap of C$102.85 billion, a price-to-earnings ratio of 16.23, a P/E/G ratio of 0.71 and a beta of 1.16. The company has a 50 day simple moving average of C$130.93 and a 200 day simple moving average of C$122.22. Bank of Montreal has a 1 year low of C$109.02 and a 1 year high of C$147.54.

Bank of Montreal Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Thursday, January 30th will be issued a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a yield of 4.51%. This is a boost from Bank of Montreal’s previous quarterly dividend of $1.55. Bank of Montreal’s dividend payout ratio is presently 71.35%.

Analysts Set New Price Targets

Several research firms recently commented on BMO. CIBC raised shares of Bank of Montreal from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from C$134.00 to C$150.00 in a research report on Friday, December 6th. Bank of America downgraded Bank of Montreal from a “buy” rating to a “neutral” rating and cut their price target for the company from C$134.00 to C$117.00 in a report on Wednesday, August 28th. TD Securities upped their target price on Bank of Montreal from C$114.00 to C$131.00 in a research report on Friday, November 15th. Scotiabank upgraded shares of Bank of Montreal from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from C$147.00 to C$160.00 in a research report on Friday, December 6th. Finally, Royal Bank of Canada reduced their price target on Bank of Montreal from C$118.00 to C$106.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 28th. Six equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Bank of Montreal currently has an average rating of “Moderate Buy” and an average price target of C$131.33.

About Bank of Montreal

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.