Insider Selling: Bank of Montreal (TSE:BMO) Senior Officer Sells 3,238 Shares of Stock

Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO Senior Officer Nadim Hirji sold 3,238 shares of the stock in a transaction that occurred 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 1.1 %

TSE:BMO traded down C$1.58 during midday trading on Wednesday, reaching C$142.60. The company had a trading volume of 3,459,331 shares, compared to its average volume of 3,173,585. The firm has a market capitalization of C$103.29 billion, a price-to-earnings ratio of 14.08, a PEG ratio of 0.71 and a beta of 1.16. The stock's fifty day simple moving average is C$142.73 and its 200-day simple moving average is C$132.13. Bank of Montreal has a 12-month low of C$109.02 and a 12-month high of C$151.08.

Bank of Montreal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, April 29th will be issued a $1.59 dividend. This represents a $6.36 dividend on an annualized basis and a yield of 4.46%. Bank of Montreal's dividend payout ratio (DPR) is presently 61.20%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports 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. Royal Bank of Canada raised their target price on Bank of Montreal from C$161.00 to C$163.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. Jefferies Financial Group raised their target price on Bank of Montreal from C$140.00 to C$155.00 and gave the stock a "hold" rating in a research note on Wednesday, February 26th. CIBC cut their target price on Bank of Montreal from C$156.00 to C$152.00 in a research note on Wednesday. Finally, TD Securities raised their target price on Bank of Montreal from C$145.00 to C$152.00 and gave the stock a "hold" rating in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of C$149.00.

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.