Bank of Montreal (TSE:BMO) (NYSE:BMO) Senior Officer Cameron Mcaskile Fowler sold 6,900 shares of Bank of Montreal stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of C$103.98, for a total value of C$717,482.70.

Bank of Montreal stock opened at C$102.74 on Thursday. Bank of Montreal has a one year low of C$86.25 and a one year high of C$109.00. The firm has a market cap of $66.20 billion and a price-to-earnings ratio of 11.38.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Wednesday, May 1st will be paid a $1.00 dividend. The ex-dividend date is Tuesday, April 30th. This represents a $4.00 annualized dividend and a dividend yield of 3.89%. Bank of Montreal’s payout ratio is 41.88%.

BMO has been the subject of several research reports. Barclays dropped their price target on Bank of Montreal from C$105.00 to C$103.00 in a report on Wednesday, December 5th. Canaccord Genuity lowered their price objective on Bank of Montreal from C$118.00 to C$111.00 in a research note on Thursday, November 22nd. Bank of America lowered Bank of Montreal from a “neutral” rating to an “underperform” rating and lowered their price objective for the stock from C$104.00 to C$98.00 in a research note on Monday, January 28th. Cormark lowered Bank of Montreal from a “buy” rating to a “market perform” rating and lowered their price objective for the stock from C$115.00 to C$109.00 in a research note on Thursday, December 6th. Finally, Eight Capital lowered Bank of Montreal from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from C$124.00 to C$117.00 in a research note on Wednesday, December 5th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of C$110.36.

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About Bank of Montreal

Bank of Montreal provides diversified financial services primarily in North America. It operates through three groups: Personal and Commercial Banking, Wealth Management, and BMO Capital Markets. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, and specialized banking programs for small business and commercial banking customers, as well as wealth management products and services, such as insurance products.

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