Bank Of Montreal $BMO Shares Acquired by Fiera Capital Corp

Fiera Capital Corp boosted its holdings in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 0.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,865,481 shares of the bank’s stock after acquiring an additional 580 shares during the quarter. Bank Of Montreal accounts for 1.5% of Fiera Capital Corp’s portfolio, making the stock its 20th largest position. Fiera Capital Corp owned about 0.54% of Bank Of Montreal worth $428,108,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Bank Of Montreal by 228.9% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 273 shares of the bank’s stock valued at $26,000 after purchasing an additional 190 shares during the period. Bayforest Capital Ltd bought a new position in Bank Of Montreal in the 1st quarter valued at about $34,000. Truvestments Capital LLC bought a new position in Bank Of Montreal in the 1st quarter valued at about $39,000. Harbor Asset Planning Inc. acquired a new position in Bank Of Montreal during the 2nd quarter valued at about $39,000. Finally, Princeton Global Asset Management LLC raised its position in shares of Bank Of Montreal by 40.0% during the 2nd quarter. Princeton Global Asset Management LLC now owns 350 shares of the bank’s stock worth $39,000 after buying an additional 100 shares in the last quarter. Institutional investors own 45.82% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on BMO. Cowen reiterated a “hold” rating on shares of Bank Of Montreal in a report on Wednesday, August 27th. Wall Street Zen raised Bank Of Montreal from a “sell” rating to a “hold” rating in a research note on Saturday, November 8th. CIBC raised Bank Of Montreal from a “neutral” rating to a “sector outperform” rating in a research note on Friday, September 5th. UBS Group restated a “neutral” rating on shares of Bank Of Montreal in a report on Wednesday, August 27th. Finally, Cibc World Mkts raised Bank Of Montreal from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 5th. One 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.00.

Bank Of Montreal Price Performance

Shares of NYSE:BMO opened at $126.22 on Thursday. The company has a market capitalization of $90.26 billion, a PE ratio of 15.45, a price-to-earnings-growth ratio of 1.28 and a beta of 1.04. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a fifty day moving average of $127.01 and a 200-day moving average of $115.46. Bank Of Montreal has a one year low of $85.40 and a one year high of $131.36.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last issued its earnings results on Tuesday, August 26th. The bank reported $2.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $0.21. Bank Of Montreal had a return on equity of 10.57% and a net margin of 11.00%.The business had revenue of $6.51 billion for the quarter, compared to analysts’ expectations of $8.84 billion. During the same period in the previous year, the firm posted $2.64 EPS. The company’s quarterly revenue was up 9.7% on a year-over-year basis. As a group, equities analysts anticipate that Bank Of Montreal will post 7.71 EPS for the current fiscal year.

Bank Of Montreal Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Thursday, October 30th will be issued a dividend of $1.63 per share. This represents a $6.52 annualized dividend and a yield of 5.2%. The ex-dividend date is Thursday, October 30th. This is a boost from Bank Of Montreal’s previous quarterly dividend of $1.18. Bank Of Montreal’s dividend payout ratio is presently 57.28%.

About Bank Of Montreal

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.