Steven Lloyd Tennyson Sells 7,908 Shares of Bank of Montreal (TSE:BMO) Stock

Bank of Montreal (TSE:BMO) (NYSE:BMO) Senior Officer Steven Lloyd Tennyson sold 7,908 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of C$112.16, for a total transaction of C$886,977.10.

Bank of Montreal Stock Performance

The company has a market cap of C$83.52 billion, a P/E ratio of 12.98, a PEG ratio of 0.54 and a beta of 1.15. The firm has a fifty day moving average of C$115.62 and a two-hundred day moving average of C$121.69. Bank of Montreal has a 1-year low of C$102.67 and a 1-year high of C$133.95.

Bank of Montreal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 26th. Investors of record on Wednesday, October 30th will be paid a $1.55 dividend. This represents a $6.20 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is Wednesday, October 30th. Bank of Montreal’s payout ratio is presently 71.35%.

Analyst Upgrades and Downgrades

BMO has been the subject of several recent analyst reports. TD Securities downgraded Bank of Montreal from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$130.00 to C$114.00 in a research note on Wednesday, August 28th. UBS Group set a C$122.00 target price on Bank of Montreal and gave the stock a “neutral” rating in a research report on Tuesday, July 2nd. Keefe, Bruyette & Woods lowered shares of Bank of Montreal from a “moderate buy” rating to a “hold” rating in a research report on Monday, June 3rd. Cormark decreased their price objective on shares of Bank of Montreal from C$129.00 to C$118.00 in a report on Wednesday, August 28th. Finally, Barclays lowered their target price on shares of Bank of Montreal from C$140.00 to C$132.00 and set an “overweight” rating on the stock in a research note on Thursday, May 30th. Eight research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of C$121.29.

Bank of Montreal Company Profile

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.