Fiera Capital Corp Increases Stock Holdings in Bank Of Montreal $BMO

Fiera Capital Corp lifted its stake in shares of Bank Of Montreal (NYSE:BMOFree Report) (TSE:BMO) by 0.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 3,981,598 shares of the bank’s stock after buying an additional 14,378 shares during the period. Bank Of Montreal makes up about 1.6% of Fiera Capital Corp’s portfolio, making the stock its 13th largest position. Fiera Capital Corp’s holdings in Bank Of Montreal were worth $517,251,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Syon Capital LLC boosted its position in shares of Bank Of Montreal by 10.6% during the fourth quarter. Syon Capital LLC now owns 7,795 shares of the bank’s stock valued at $1,012,000 after buying an additional 747 shares during the last quarter. Tacita Capital Inc boosted its position in shares of Bank Of Montreal by 3.5% during the fourth quarter. Tacita Capital Inc now owns 8,656 shares of the bank’s stock valued at $1,125,000 after buying an additional 289 shares during the last quarter. Pinebridge Investments LLC purchased a new position in shares of Bank Of Montreal during the fourth quarter valued at approximately $303,000. OneAscent Family Office LLC purchased a new position in shares of Bank Of Montreal during the fourth quarter valued at approximately $217,000. Finally, PBU The Pension Fund of Early Childhood & Youth Educators purchased a new position in shares of Bank Of Montreal during the fourth quarter valued at approximately $13,285,000. Hedge funds and other institutional investors own 45.82% of the company’s stock.

Wall Street Analyst Weigh In

BMO has been the topic of several analyst reports. Desjardins reaffirmed a “hold” rating on shares of Bank Of Montreal in a research report on Thursday, May 28th. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Bank Of Montreal in a research report on Thursday, May 28th. Scotiabank raised Bank Of Montreal from a “sector perform” rating to a “sector outperform” rating in a research report on Monday, June 1st. Zacks Research cut Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, TD Securities reissued a “buy” rating on shares of Bank Of Montreal in a research report on Thursday, May 28th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $163.00.

Get Our Latest Research Report on Bank Of Montreal

Bank Of Montreal Stock Up 0.1%

BMO stock opened at $164.49 on Monday. The stock’s fifty day simple moving average is $150.86 and its two-hundred day simple moving average is $140.66. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.11. Bank Of Montreal has a 1-year low of $104.08 and a 1-year high of $165.92. The stock has a market cap of $115.21 billion, a P/E ratio of 17.46, a P/E/G ratio of 0.92 and a beta of 0.95.

Bank Of Montreal (NYSE:BMOGet Free Report) (TSE:BMO) last posted its quarterly earnings data on Wednesday, May 27th. The bank reported $2.68 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.14. Bank Of Montreal had a return on equity of 13.04% and a net margin of 12.60%.The business had revenue of $7.04 billion for the quarter, compared to analysts’ expectations of $6.98 billion. During the same quarter in the previous year, the firm earned $2.62 earnings per share. The business’s revenue was up 10.2% on a year-over-year basis. Analysts expect that Bank Of Montreal will post 11.82 EPS for the current year.

Bank Of Montreal Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Thursday, July 30th will be paid a $1.71 dividend. The ex-dividend date is Thursday, July 30th. This is a boost from Bank Of Montreal’s previous quarterly dividend of $1.67. This represents a $6.84 annualized dividend and a dividend yield of 4.2%. Bank Of Montreal’s dividend payout ratio is presently 50.96%.

About Bank Of Montreal

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Bank Of Montreal (NYSE:BMO)

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