MQS Management LLC acquired a new position in Bank Of Montreal (NYSE:BMO – Free Report) (TSE:BMO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,432 shares of the bank’s stock, valued at approximately $575,000.
A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Bank Of Montreal by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 33,017,205 shares of the bank’s stock worth $4,287,878,000 after acquiring an additional 673,248 shares during the last quarter. Canerector Inc. lifted its holdings in shares of Bank Of Montreal by 18,035.0% in the 3rd quarter. Canerector Inc. now owns 22,668,750 shares of the bank’s stock worth $2,952,605,000 after acquiring an additional 22,543,750 shares during the last quarter. TD Asset Management Inc lifted its holdings in shares of Bank Of Montreal by 10.3% in the 3rd quarter. TD Asset Management Inc now owns 19,079,026 shares of the bank’s stock worth $2,486,691,000 after acquiring an additional 1,789,188 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Bank Of Montreal by 17.3% in the 3rd quarter. CIBC Asset Management Inc now owns 7,260,160 shares of the bank’s stock worth $949,441,000 after acquiring an additional 1,070,546 shares during the last quarter. Finally, Legal & General Group Plc lifted its holdings in shares of Bank Of Montreal by 4.1% in the 3rd quarter. Legal & General Group Plc now owns 4,525,666 shares of the bank’s stock worth $589,861,000 after acquiring an additional 176,923 shares during the last quarter. 45.82% of the stock is currently owned by institutional investors.
Bank Of Montreal Trading Up 0.9%
NYSE:BMO opened at $161.10 on Friday. The company has a 50-day moving average price of $145.72 and a 200-day moving average price of $137.81. Bank Of Montreal has a 12 month low of $102.70 and a 12 month high of $161.55. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.11. The stock has a market cap of $112.91 billion, a price-to-earnings ratio of 18.71, a P/E/G ratio of 0.90 and a beta of 0.94.
Bank Of Montreal Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Wednesday, April 29th will be given a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Wednesday, April 29th. Bank Of Montreal’s dividend payout ratio (DPR) is currently 55.75%.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on BMO shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Bank Of Montreal in a report on Friday, April 17th. Jefferies Financial Group reiterated a “hold” rating on shares of Bank Of Montreal in a report on Wednesday, February 25th. Zacks Research lowered shares of Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Barclays lowered shares of Bank Of Montreal from an “equal weight” rating to an “underweight” rating in a report on Friday, March 20th. Finally, Scotiabank reiterated a “sector perform” rating on shares of Bank Of Montreal in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $163.00.
Bank Of Montreal Profile
Bank of Montreal (NYSE:BMO), commonly known as BMO Financial Group, is one of Canada’s largest and longest-established banks. Founded in Montreal and headquartered in Montreal, Quebec, the bank provides a broad range of financial services to retail, commercial, corporate and institutional clients. BMO is publicly listed in both Canada and the United States and operates under a consolidated financial services model that integrates banking, capital markets, wealth management and asset management activities.
BMO’s core businesses include personal and commercial banking—offering checking and savings accounts, lending, mortgages, and small-business services—alongside wealth management and private banking through its asset and investment management divisions.
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