Sharon Marie Haward-Laird Sells 4,519 Shares of Bank of Montreal (TSE:BMO) Stock

Bank of Montreal (TSE:BMO) (NYSE:BMO) insider Sharon Marie Haward-Laird sold 4,519 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of C$225.85, for a total value of C$1,020,616.15.

Sharon Marie Haward-Laird also recently made the following trade(s):

• On Monday, June 1st, Sharon Marie Haward-Laird sold 3,801 shares of Bank of Montreal stock. The stock was sold at an average price of C$225.85, for a total value of C$858,455.85.

Bank of Montreal Stock Up 0.6%

Shares of BMO stock traded up C$1.25 during trading hours on Tuesday, reaching C$225.18. 2,814,835 shares of the company’s stock were exchanged, compared to its average volume of 2,675,368. Bank of Montreal has a fifty-two week low of C$143.35 and a fifty-two week high of C$227.75. The stock has a market capitalization of C$158.73 billion, a P/E ratio of 17.29, a P/E/G ratio of 0.71 and a beta of 1.25. The business has a fifty day moving average price of C$204.52 and a 200-day moving average price of C$192.08.

Bank of Montreal (TSE:BMO) (NYSE:BMO) last issued its quarterly earnings results on Wednesday, May 27th. The bank reported C$3.67 EPS for the quarter. The company had revenue of C$9.57 billion during the quarter. Bank of Montreal had a return on equity of 11.25% and a net margin of 12.63%. As a group, research analysts expect that Bank of Montreal will post 9.6514585 EPS for the current fiscal year.

Bank of Montreal Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 26th. Stockholders of record on Tuesday, May 26th were given a dividend of $1.67 per share. The ex-dividend date was Wednesday, April 29th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 3.0%. Bank of Montreal’s payout ratio is currently 50.69%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on BMO. Royal Bank Of Canada boosted their price objective on Bank of Montreal from C$205.00 to C$230.00 and gave the company a “sector perform” rating in a research report on Thursday, May 28th. Scotiabank boosted their price objective on Bank of Montreal from C$209.00 to C$234.00 and gave the company a “sector outperform” rating in a research report on Monday. Canadian Imperial Bank of Commerce boosted their price objective on Bank of Montreal from C$226.00 to C$244.00 and gave the company an “outperformer” rating in a research report on Thursday, May 28th. TD boosted their price objective on Bank of Montreal from C$234.00 to C$239.00 and gave the company a “buy” rating in a research report on Thursday, May 28th. Finally, Canaccord Genuity Group boosted their price objective on Bank of Montreal from C$224.00 to C$230.00 and gave the company a “buy” rating in a research report on Wednesday, May 20th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Bank of Montreal presently has a consensus rating of “Hold” and a consensus price target of C$223.13.

About Bank of Montreal

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.