OMERS ADMINISTRATION Corp lifted its position in Bank Of Montreal (NYSE:BMO – Free Report) (TSE:BMO) by 9.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,244,155 shares of the bank’s stock after acquiring an additional 111,200 shares during the period. Bank Of Montreal comprises about 1.2% of OMERS ADMINISTRATION Corp’s investment portfolio, making the stock its 27th biggest holding. OMERS ADMINISTRATION Corp’s holdings in Bank Of Montreal were worth $161,788,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Code Waechter LLC lifted its stake in shares of Bank Of Montreal by 1.7% in the fourth quarter. Code Waechter LLC now owns 4,486 shares of the bank’s stock worth $582,000 after buying an additional 75 shares in the last quarter. Larson Financial Group LLC lifted its stake in shares of Bank Of Montreal by 33.2% in the fourth quarter. Larson Financial Group LLC now owns 317 shares of the bank’s stock worth $41,000 after buying an additional 79 shares in the last quarter. Naples Global Advisors LLC lifted its stake in shares of Bank Of Montreal by 0.5% in the fourth quarter. Naples Global Advisors LLC now owns 17,780 shares of the bank’s stock worth $2,308,000 after buying an additional 80 shares in the last quarter. Allworth Financial LP lifted its stake in shares of Bank Of Montreal by 4.6% in the third quarter. Allworth Financial LP now owns 2,121 shares of the bank’s stock worth $276,000 after buying an additional 94 shares in the last quarter. Finally, Choreo LLC lifted its stake in shares of Bank Of Montreal by 3.6% in the third quarter. Choreo LLC now owns 2,735 shares of the bank’s stock worth $356,000 after buying an additional 95 shares in the last quarter. Institutional investors own 45.82% of the company’s stock.
Analyst Ratings Changes
Several research analysts have recently issued reports on BMO shares. Raymond James Financial reiterated an “outperform” rating on shares of Bank Of Montreal in a research note on Tuesday, May 12th. Barclays reiterated an “underweight” rating on shares of Bank Of Montreal in a research note on Thursday, May 28th. National Bank Financial reiterated a “sector perform” rating on shares of Bank Of Montreal in a research note on Wednesday, February 25th. Desjardins reiterated a “hold” rating on shares of Bank Of Montreal in a research note on Thursday, May 28th. Finally, Zacks Research downgraded shares of Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $163.00.
Bank Of Montreal Stock Up 0.0%
Shares of Bank Of Montreal stock opened at $168.36 on Tuesday. The company has a market cap of $117.92 billion, a price-to-earnings ratio of 17.87, a price-to-earnings-growth ratio of 0.94 and a beta of 0.95. The company’s 50 day moving average is $154.72 and its 200 day moving average is $142.54. Bank Of Montreal has a twelve month low of $104.08 and a twelve month high of $170.49. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.11.
Bank Of Montreal (NYSE:BMO – Get Free Report) (TSE:BMO) last issued its quarterly earnings data on Wednesday, May 27th. The bank reported $2.68 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.14. The company had revenue of $7.04 billion for the quarter, compared to the consensus estimate of $6.98 billion. Bank Of Montreal had a net margin of 12.60% and a return on equity of 13.04%. The firm’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.62 earnings per share. Research analysts anticipate that Bank Of Montreal will post 11.82 EPS for the current year.
Bank Of Montreal Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Thursday, July 30th will be given a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 4.1%. This is a positive change from Bank Of Montreal’s previous quarterly dividend of $1.67. The ex-dividend date is Thursday, July 30th. Bank Of Montreal’s payout ratio is currently 50.96%.
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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