Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO shares reached a new 52-week high on Monday . The company traded as high as C$26.30 and last traded at C$128.29, with a volume of 544205 shares traded. The stock had previously closed at C$129.87.
Analysts Set New Price Targets
BMO has been the topic of a number of recent research reports. CIBC boosted their price target on shares of Bank of Montreal from C$116.00 to C$120.00 in a research report on Friday, September 6th. UBS Group set a C$122.00 target price on shares of Bank of Montreal and gave the company a "neutral" rating in a report on Tuesday, July 2nd. Jefferies Financial Group decreased their target price on shares of Bank of Montreal from C$141.00 to C$124.00 and set a "buy" rating on the stock in a report on Monday, August 12th. Canaccord Genuity Group decreased their target price on shares of Bank of Montreal from C$135.00 to C$130.00 and set a "buy" rating on the stock in a report on Wednesday, August 28th. Finally, TD Securities lowered shares of Bank of Montreal from a "buy" rating to a "hold" rating and decreased their target price for the company from C$130.00 to C$114.00 in a report on Wednesday, August 28th. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of C$120.77.
View Our Latest Report on BMO
Bank of Montreal Stock Performance
The business's 50 day moving average price is C$118.65 and its 200-day moving average price is C$120.87. The firm has a market capitalization of C$93.68 billion, a PE ratio of 14.78, a P/E/G ratio of 0.71 and a beta of 1.16.
Bank of Montreal (TSE:BMO - Get Free Report) NYSE: BMO last announced its earnings results on Tuesday, August 27th. The bank reported C$2.64 earnings per share for the quarter, missing the consensus estimate of C$2.72 by C($0.08). Bank of Montreal had a return on equity of 8.49% and a net margin of 21.20%. The business had revenue of C$8.19 billion for the quarter, compared to analysts' expectations of C$8.23 billion. As a group, analysts anticipate that Bank of Montreal will post 9.6514585 earnings per share for the current year.
Bank of Montreal Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Tuesday, November 26th will be paid a dividend of $1.55 per share. This represents a $6.20 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend is Wednesday, October 30th. Bank of Montreal's payout ratio is currently 71.35%.
Insider Buying and Selling
In related news, Senior Officer Steven Lloyd Tennyson sold 7,908 shares of the company's stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of C$112.16, for a total transaction of C$886,977.10. In other Bank of Montreal news, Senior Officer Steven Lloyd Tennyson sold 7,908 shares of the business's stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of C$112.16, for a total transaction of C$886,977.10. Also, Senior Officer David Robert Casper sold 12,819 shares of the business's stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$121.85, for a total transaction of C$1,562,007.97. 0.03% of the stock is owned by insiders.
About Bank of Montreal
(
Get Free Report)
Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.
Read More
Before you consider Bank of Montreal, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bank of Montreal wasn't on the list.
While Bank of Montreal currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
