NBT Bank N A NY grew its position in Bank Of Montreal (NYSE:BMO – Free Report) (TSE:BMO) by 3,443.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 46,069 shares of the bank’s stock after buying an additional 44,769 shares during the period. NBT Bank N A NY’s holdings in Bank Of Montreal were worth $6,235,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in BMO. WFA of San Diego LLC purchased a new stake in shares of Bank Of Montreal during the second quarter valued at approximately $28,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Bank Of Montreal in the 4th quarter worth approximately $29,000. Larson Financial Group LLC lifted its position in Bank Of Montreal by 466.7% in the 3rd quarter. Larson Financial Group LLC now owns 238 shares of the bank’s stock valued at $31,000 after acquiring an additional 196 shares in the last quarter. Flagship Harbor Advisors LLC bought a new position in Bank Of Montreal in the 4th quarter valued at approximately $34,000. Finally, Swiss RE Ltd. purchased a new stake in Bank Of Montreal during the 4th quarter valued at $38,000. Institutional investors own 45.82% of the company’s stock.
Bank Of Montreal Trading Down 0.1%
Shares of BMO stock opened at $174.04 on Friday. 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 12-month low of $109.64 and a 12-month high of $178.70. The stock has a market capitalization of $121.90 billion, a P/E ratio of 18.48, a P/E/G ratio of 0.97 and a beta of 0.93. The firm’s 50 day moving average is $162.47 and its 200 day moving average is $146.95.
Bank Of Montreal Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Thursday, July 30th will be issued a $1.71 dividend. The ex-dividend date of this dividend is Thursday, July 30th. This is an increase from Bank Of Montreal’s previous quarterly dividend of $1.67. This represents a $6.84 annualized dividend and a dividend yield of 3.9%. Bank Of Montreal’s dividend payout ratio is presently 50.96%.
Analyst Upgrades and Downgrades
A number of research firms have commented on BMO. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Bank Of Montreal in a report on Thursday, May 28th. Desjardins reaffirmed a “hold” rating on shares of Bank Of Montreal in a report on Thursday, May 28th. Weiss Ratings cut Bank Of Montreal from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, June 12th. Barclays reiterated an “underweight” rating on shares of Bank Of Montreal in a report on Thursday, May 28th. Finally, Raymond James Financial reissued an “outperform” rating on shares of Bank Of Montreal in a research report on Tuesday, May 12th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $163.00.
View Our Latest Report on Bank Of Montreal
Bank Of Montreal Company 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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