Linda Susan Huber Acquires 166 Shares of Bank of Montreal (BMO) Stock
Bank of Montreal (TSE:BMO) (NYSE:BMO) Director Linda Susan Huber acquired 166 shares of the stock in a transaction that occurred on Tuesday, September 12th. The shares were bought at an average price of C$75.44 per share, with a total value of C$12,523.04.
Shares of Bank of Montreal (TSE:BMO) traded down 0.23% on Friday, reaching $91.68. The company’s stock had a trading volume of 6,217,393 shares. Bank of Montreal has a 52 week low of $83.44 and a 52 week high of $104.15. The stock has a 50-day moving average of $92.19 and a 200 day moving average of $95.61. The stock has a market capitalization of $59.50 billion and a price-to-earnings ratio of 11.28.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 28th. Investors of record on Wednesday, November 1st will be issued a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.93%.
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BMO has been the subject of a number of recent research reports. Barclays PLC upgraded Bank of Montreal from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, May 23rd. CIBC lowered their price objective on Bank of Montreal from C$109.00 to C$105.00 in a research note on Thursday, May 25th. Scotiabank lowered their price objective on Bank of Montreal from C$107.00 to C$104.00 and set an “outperform” rating for the company in a research note on Thursday, May 25th. TD Securities lowered their price objective on Bank of Montreal from C$110.00 to C$105.00 and set a “hold” rating for the company in a research note on Thursday, May 25th. Finally, Royal Bank Of Canada lowered their price objective on Bank of Montreal from C$110.00 to C$108.00 and set a “sector perform” rating for the company in a research note on Thursday, May 25th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Bank of Montreal has an average rating of “Hold” and an average target price of C$100.38.
About Bank of Montreal
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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