TD Waterhouse Canada Inc. lifted its stake in shares of Bank Of Montreal (NYSE:BMO – Free Report) (TSE:BMO) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,350,903 shares of the bank’s stock after acquiring an additional 123,387 shares during the period. Bank Of Montreal accounts for approximately 3.0% of TD Waterhouse Canada Inc.’s portfolio, making the stock its 4th biggest position. TD Waterhouse Canada Inc. owned about 0.91% of Bank Of Montreal worth $1,128,680,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of BMO. Edmond DE Rothschild Holding S.A. acquired a new stake in Bank Of Montreal during the second quarter worth about $28,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Bank Of Montreal during the fourth quarter worth about $29,000. Larson Financial Group LLC boosted its holdings 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 purchasing an additional 196 shares during the last quarter. WFA of San Diego LLC acquired a new position in Bank Of Montreal in the 2nd quarter valued at about $28,000. Finally, Western Wealth Management LLC purchased a new stake in shares of Bank Of Montreal in the 1st quarter valued at approximately $38,000. Institutional investors and hedge funds own 45.82% of the company’s stock.
Bank Of Montreal Price Performance
Bank Of Montreal stock opened at $172.06 on Friday. The company’s 50 day simple moving average is $177.93 and its 200-day simple moving average is $159.41. The company has a market capitalization of $119.95 billion, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 1.02 and a beta of 0.94. Bank Of Montreal has a 1 year low of $118.66 and a 1 year high of $187.22. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.02 and a current ratio of 1.01.
Bank Of Montreal Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 26th. Shareholders of record on Friday, October 30th will be paid a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, October 30th. Bank Of Montreal’s dividend payout ratio is 54.29%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the stock. TD Securities restated a “buy” rating on shares of Bank Of Montreal in a report on Wednesday, August 12th. Weiss Ratings cut Bank Of Montreal from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. Barclays reiterated an “underweight” rating on shares of Bank Of Montreal in a research report on Friday, August 21st. Desjardins reissued a “hold” rating on shares of Bank Of Montreal in a research note on Thursday, May 28th. Finally, Canadian Imperial Bank of Commerce downgraded Bank Of Montreal from a “sector outperform” rating to a “neutral” rating in a research report on Tuesday, August 18th. Five investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $163.00.
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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