Bank of Montreal (BMO) Insider Sells C$395,250.00 in Stock
Bank of Montreal (TSE:BMO) (NYSE:BMO) insider Joanna Michelle Rotenberg sold 4,250 shares of the stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of C$93.00, for a total value of C$395,250.00.
Bank of Montreal (BMO) remained flat at $92.76 during midday trading on Friday. The company had a trading volume of 1,178,770 shares. Bank of Montreal has a 52-week low of $83.44 and a 52-week high of $104.15. The company has a market cap of $60.20 billion and a PE ratio of 11.41. The stock’s 50-day moving average is $91.92 and its 200 day moving average is $95.32.
The company also recently announced 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 annualized dividend and a yield of 3.88%.
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A number of brokerages have recently issued reports on BMO. CIBC cut their target price on Bank of Montreal from C$101.00 to C$100.00 in a research note on Wednesday, August 30th. Canaccord Genuity increased their target price on Bank of Montreal from C$99.00 to C$102.00 and gave the stock a “hold” rating in a research note on Wednesday, August 30th. TD Securities raised Bank of Montreal from a “hold” rating to a “buy” rating and set a C$105.00 target price for the company in a research note on Thursday, June 1st. Scotiabank cut their target price on Bank of Montreal from C$103.00 to C$101.00 and set an “outperform” rating for the company in a research note on Wednesday, August 30th. Finally, Barclays PLC increased their target price on Bank of Montreal from C$98.00 to C$99.00 in a research note on Friday, August 11th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of C$100.38.
Bank of Montreal Company Profile
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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