Vanguard Personalized Indexing Management LLC Lowers Position in Bank Of Montreal $BMO

Vanguard Personalized Indexing Management LLC lessened its stake in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 3.8% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,289 shares of the bank’s stock after selling 729 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Bank Of Montreal were worth $2,023,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Farther Finance Advisors LLC raised its position in Bank Of Montreal by 141.6% in the 1st quarter. Farther Finance Advisors LLC now owns 2,844 shares of the bank’s stock valued at $274,000 after buying an additional 1,667 shares during the last quarter. Grove Bank & Trust raised its holdings in shares of Bank Of Montreal by 39.2% in the first quarter. Grove Bank & Trust now owns 710 shares of the bank’s stock valued at $68,000 after purchasing an additional 200 shares during the last quarter. Good Steward Wealth Advisors LLC bought a new position in shares of Bank Of Montreal during the first quarter valued at about $256,000. Garde Capital Inc. purchased a new position in Bank Of Montreal during the first quarter worth about $65,000. Finally, Oppenheimer & Co. Inc. boosted its holdings in Bank Of Montreal by 2.6% during the first quarter. Oppenheimer & Co. Inc. now owns 4,717 shares of the bank’s stock worth $451,000 after purchasing an additional 120 shares during the last quarter. Institutional investors own 45.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. National Bankshares reiterated an “outperform” rating on shares of Bank Of Montreal in a research note on Friday, August 15th. UBS Group reiterated a “neutral” rating on shares of Bank Of Montreal in a report on Wednesday, August 27th. Cowen reissued a “hold” rating on shares of Bank Of Montreal in a research report on Wednesday, August 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Bank Of Montreal in a research report on Wednesday, October 8th. Finally, Royal Bank Of Canada cut Bank Of Montreal from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $168.00 to $163.00 in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $163.00.

Bank Of Montreal Stock Performance

Shares of BMO opened at $124.83 on Friday. Bank Of Montreal has a 1 year low of $85.40 and a 1 year high of $131.36. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.00 and a quick ratio of 1.00. The stock’s fifty day moving average price is $123.60 and its two-hundred day moving average price is $110.87. The firm has a market cap of $89.24 billion, a PE ratio of 15.28, a PEG ratio of 1.30 and a beta of 1.03.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last posted its quarterly earnings results on Tuesday, August 26th. The bank reported $2.33 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.21. The company had revenue of $6.51 billion during the quarter, compared to the consensus estimate of $8.84 billion. Bank Of Montreal had a return on equity of 10.57% and a net margin of 11.00%.The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.64 EPS. On average, equities research analysts forecast that Bank Of Montreal will post 7.71 EPS for the current year.

Bank Of Montreal Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, October 30th will be paid a dividend of $1.63 per share. This is a positive change from Bank Of Montreal’s previous quarterly dividend of $1.18. This represents a $6.52 annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Thursday, October 30th. Bank Of Montreal’s dividend payout ratio is 58.63%.

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.