Bank of Montreal (BMO) Insider Sells C$189,620.00 in Stock
Bank of Montreal (TSE:BMO) (NYSE:BMO) insider Joanna Michelle Rotenberg sold 2,000 shares of the stock in a transaction that occurred on Friday, September 29th. The stock was sold at an average price of C$94.81, for a total value of C$189,620.00.
Joanna Michelle Rotenberg also recently made the following trade(s):
- On Thursday, September 21st, Joanna Michelle Rotenberg sold 4,250 shares of Bank of Montreal stock. The shares were sold at an average price of C$93.00, for a total value of C$395,250.00.
Bank of Montreal (TSE:BMO) traded up 0.98% on Monday, hitting $95.36. 1,502,547 shares of the stock were exchanged. The firm has a market cap of $61.89 billion and a PE ratio of 11.73. The company has a 50-day moving average price of $91.92 and a 200-day moving average price of $95.32. Bank of Montreal has a 52-week low of $83.44 and a 52-week high of $104.15.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Wednesday, November 1st will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 3.78%.
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Several brokerages have recently commented on BMO. Barclays PLC raised their target price on shares of Bank of Montreal from C$98.00 to C$99.00 in a report on Friday, August 11th. Scotiabank reduced their price target on Bank of Montreal from C$103.00 to C$101.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 30th. CIBC lowered their price objective on Bank of Montreal from C$101.00 to C$100.00 in a research note on Wednesday, August 30th. Finally, Canaccord Genuity raised their price objective on Bank of Montreal from C$99.00 to C$102.00 and gave the stock a “hold” rating in a research note on Wednesday, August 30th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Bank of Montreal currently has an average rating of “Hold” and an average target price of C$100.38.
About Bank of Montreal
Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets.
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