Bank Of Montreal $BMO Stock Holdings Decreased by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC reduced its position in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 5.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,162 shares of the bank’s stock after selling 125 shares during the period. Valeo Financial Advisors LLC’s holdings in Bank Of Montreal were worth $239,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its holdings in shares of Bank Of Montreal by 141.6% in the first quarter. Farther Finance Advisors LLC now owns 2,844 shares of the bank’s stock valued at $274,000 after purchasing an additional 1,667 shares in the last quarter. CX Institutional acquired a new position in Bank Of Montreal during the first quarter valued at $42,000. Lorne Steinberg Wealth Management Inc. raised its position in Bank Of Montreal by 7.5% during the first quarter. Lorne Steinberg Wealth Management Inc. now owns 74,131 shares of the bank’s stock valued at $7,086,000 after buying an additional 5,191 shares during the period. Grove Bank & Trust raised its position in Bank Of Montreal by 39.2% during the first quarter. Grove Bank & Trust now owns 710 shares of the bank’s stock valued at $68,000 after buying an additional 200 shares during the period. Finally, Good Steward Wealth Advisors LLC purchased a new position in Bank Of Montreal during the 1st quarter valued at about $256,000. Institutional investors and hedge funds own 45.82% of the company’s stock.

Bank Of Montreal Stock Performance

Shares of BMO opened at $125.60 on Friday. The company’s fifty day moving average is $122.43 and its 200-day moving average is $110.03. Bank Of Montreal has a 12 month low of $85.40 and a 12 month high of $131.36. The firm has a market cap of $89.79 billion, a price-to-earnings ratio of 15.37, a price-to-earnings-growth ratio of 1.29 and a beta of 1.03. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.11.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last issued its quarterly earnings data 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. The firm had revenue of $6.51 billion during the quarter, compared to analysts’ expectations of $8.84 billion. Bank Of Montreal had a net margin of 11.00% and a return on equity of 10.57%. Bank Of Montreal’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the company posted $2.64 earnings per share. Equities analysts expect 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. Investors of record on Thursday, October 30th will be paid a $1.63 dividend. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.2%. The ex-dividend date of this dividend is Thursday, October 30th. This is a positive change from Bank Of Montreal’s previous quarterly dividend of $1.18. Bank Of Montreal’s dividend payout ratio (DPR) is 58.63%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on BMO shares. UBS Group reaffirmed a “neutral” rating on shares of Bank Of Montreal in a research note on Wednesday, August 27th. Royal Bank Of Canada downgraded shares of Bank Of Montreal from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $168.00 to $163.00 in a research report on Friday, October 3rd. CIBC upgraded shares of Bank Of Montreal from a “neutral” rating to a “sector outperform” rating in a research report on Friday, September 5th. Scotiabank reaffirmed a “sector perform” rating on shares of Bank Of Montreal in a research note on Wednesday, August 27th. Finally, National Bankshares reaffirmed an “outperform” rating on shares of Bank Of Montreal in a research note on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $163.00.

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.