Insider Selling: Bank of Montreal (TSE:BMO) Senior Officer Sells C$482,024.87 in Stock

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

Bank of Montreal Price Performance

Bank of Montreal stock opened at C$142.60 on Thursday. Bank of Montreal has a 12-month low of C$109.02 and a 12-month high of C$151.08. The company has a market capitalization of C$103.29 billion, a price-to-earnings ratio of 14.08, a price-to-earnings-growth ratio of 0.71 and a beta of 1.16. The firm’s fifty day moving average price is C$142.73 and its 200 day moving average price is C$132.13.

Bank of Montreal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, April 29th will be given a dividend of $1.59 per share. This represents a $6.36 dividend on an annualized basis and a dividend yield of 4.46%. Bank of Montreal’s payout ratio is 61.20%.

Wall Street Analyst Weigh In

BMO has been the subject of several research analyst reports. Canaccord Genuity Group upped their price target on Bank of Montreal from C$154.00 to C$165.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Jefferies Financial Group increased their target price on shares of Bank of Montreal from C$140.00 to C$155.00 and gave the stock a “hold” rating in a research report on Wednesday, February 26th. Desjardins lifted their price target on shares of Bank of Montreal from C$147.00 to C$155.00 and gave the company a “hold” rating in a research report on Wednesday, February 26th. Cibc World Mkts upgraded shares of Bank of Montreal from a “hold” rating to a “strong-buy” rating in a research note on Friday, December 6th. Finally, Canaccord Genuity Group raised their target price on shares of Bank of Montreal from C$143.00 to C$148.00 in a research note on Friday, December 6th. Six research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$149.00.

Bank of Montreal Company Profile

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.