Bank of Montreal (BMO) Director Philip Orsino Acquires 17,800 Shares
Bank of Montreal (TSE:BMO) (NYSE:BMO) Director Philip Orsino acquired 17,800 shares of Bank of Montreal stock in a transaction on Wednesday, September 6th. The stock was purchased at an average cost of C$89.12 per share, with a total value of C$1,586,336.00.
Bank of Montreal (BMO) traded down 0.07% during trading on Thursday, reaching $88.94. The company had a trading volume of 1,802,901 shares. The firm’s 50-day moving average price is $93.15 and its 200 day moving average price is $95.99. The firm has a market capitalization of $60.18 billion and a P/E ratio of 10.88. Bank of Montreal has a one year low of $83.43 and a one year high of $104.15.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Shareholders of record on Wednesday, November 1st will be paid a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 4.05%.
COPYRIGHT VIOLATION NOTICE: “Bank of Montreal (BMO) Director Philip Orsino Acquires 17,800 Shares” was reported by American Banking News and is owned by of American Banking News. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international copyright laws. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/09/07/bank-of-montreal-bmo-director-philip-orsino-acquires-17800-shares.html.
A number of research analysts have recently weighed in on the company. TD Securities dropped their target price on Bank of Montreal from C$110.00 to C$105.00 and set a “hold” rating on the stock in a report on Thursday, May 25th. CIBC dropped their price target on Bank of Montreal from C$109.00 to C$105.00 in a report on Thursday, May 25th. Barclays PLC lifted their price target on Bank of Montreal from C$98.00 to C$99.00 in a report on Friday, August 11th. Royal Bank Of Canada lowered their target price on Bank of Montreal from C$110.00 to C$108.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 25th. Finally, Canaccord Genuity boosted their target price 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. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of C$100.00.
Bank of Montreal Company Profile
Bank of Montreal provides diversified financial services primarily in North America. It operates through three groups: Personal and Commercial Banking, Wealth Management, and BMO Capital Markets. The companys personal banking products and services include checking and savings accounts, credit cards, mortgages, creditor insurance, and financial and investment advice; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, and specialized banking programs for small business and commercial banking customers.
Receive News & Ratings for Bank of Montreal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank of Montreal and related companies with MarketBeat.com's FREE daily email newsletter.