Nadim Hirji Sells 3,238 Shares of Bank of Montreal (TSE:BMO) Stock

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

Bank of Montreal Trading Down 2.2 %

Shares of BMO opened at C$144.18 on Wednesday. Bank of Montreal has a 1 year low of C$109.02 and a 1 year high of C$151.08. The stock has a market cap of C$104.43 billion, a P/E ratio of 14.23, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. The stock’s 50-day moving average price is C$142.66 and its two-hundred day moving average price is C$131.91.

Bank of Montreal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, April 29th will be issued a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a yield of 4.41%. Bank of Montreal’s dividend payout ratio (DPR) is currently 61.20%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. UBS Group raised their target price on Bank of Montreal from C$146.00 to C$160.00 in a research note on Friday, February 28th. Cibc World Mkts upgraded Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 6th. TD Securities raised their target price on Bank of Montreal from C$145.00 to C$152.00 and gave the company a “hold” rating in a research note on Tuesday. National Bankshares raised their target price on Bank of Montreal from C$153.00 to C$161.00 and gave the company an “outperform” rating in a research note on Wednesday, February 26th. Finally, Royal Bank of Canada lifted their price objective on Bank of Montreal from C$161.00 to C$163.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 26th. Six investment 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 MarketBeat.com, Bank of Montreal presently has a consensus rating of “Moderate Buy” and a consensus price target of C$149.31.

About Bank of Montreal

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.