Insider Selling: Bank of Montreal (TSE:BMO) Director Sells 20,300 Shares of Stock

Bank of Montreal (TSE:BMO) (NYSE:BMO) Director Tayfun Tuzun sold 20,300 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of C$236.69, for a total value of C$4,804,807.00.

Tayfun Tuzun also recently made the following trade(s):

• On Friday, August 28th, Tayfun Tuzun sold 11,635 shares of Bank of Montreal stock. The stock was sold at an average price of C$236.69, for a total value of C$2,753,888.15.

Bank of Montreal Stock Performance

TSE BMO traded down C$0.37 during mid-day trading on Friday, reaching C$238.32. 914,784 shares of the stock were exchanged, compared to its average volume of 2,465,374. Bank of Montreal has a 1-year low of C$163.32 and a 1-year high of C$259.20. The business’s fifty day simple moving average is C$249.86 and its 200 day simple moving average is C$221.03. The stock has a market capitalization of C$166.14 billion, a PE ratio of 18.30, a PEG ratio of 0.71 and a beta of 1.22.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last announced its quarterly earnings results on Tuesday, August 25th. The bank reported C$2.38 EPS for the quarter. The company had revenue of C$9.90 billion for the quarter. Bank of Montreal had a net margin of 11.75% and a return on equity of 10.58%. On average, analysts anticipate that Bank of Montreal will post 9.6514585 EPS for the current year.

Bank of Montreal Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Wednesday, August 26th were issued a dividend of $1.71 per share. The ex-dividend date was Thursday, July 30th. This is a positive change from Bank of Montreal’s previous quarterly dividend of $1.67. This represents a $6.84 dividend on an annualized basis and a dividend yield of 2.9%. Bank of Montreal’s dividend payout ratio (DPR) is 50.69%.

Analysts Set New Price Targets

BMO has been the subject of several analyst reports. TD raised their price target on shares of Bank of Montreal from C$239.00 to C$263.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Scotiabank raised their price objective on shares of Bank of Montreal from C$234.00 to C$239.00 and gave the company a “sector outperform” rating in a research report on Tuesday, June 16th. Royal Bank Of Canada upped their price target on shares of Bank of Montreal from C$230.00 to C$241.00 and gave the company a “sector perform” rating in a report on Wednesday. Canaccord Genuity Group boosted their target price on shares of Bank of Montreal from C$265.00 to C$271.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Jefferies Financial Group upped their target price on shares of Bank of Montreal from C$213.00 to C$225.00 and gave the company a “hold” rating in a research note on Thursday, August 13th. Seven investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$257.36.

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.