Bank Of Montreal $BMO is Value Partners Investments Inc.’s 7th Largest Position

Value Partners Investments Inc. raised its holdings in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 0.9% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 511,321 shares of the bank’s stock after acquiring an additional 4,459 shares during the quarter. Bank Of Montreal accounts for about 5.4% of Value Partners Investments Inc.’s holdings, making the stock its 7th biggest position. Value Partners Investments Inc. owned about 0.07% of Bank Of Montreal worth $66,610,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. State of Wyoming grew its position in Bank Of Montreal by 237.4% during the first quarter. State of Wyoming now owns 14,254 shares of the bank’s stock worth $1,361,000 after buying an additional 10,029 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its holdings in shares of Bank Of Montreal by 18.3% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 739,598 shares of the bank’s stock worth $82,015,000 after acquiring an additional 114,458 shares during the period. Canada Pension Plan Investment Board grew its holdings in shares of Bank Of Montreal by 66.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 3,676,637 shares of the bank’s stock worth $351,154,000 after acquiring an additional 1,469,084 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in Bank Of Montreal in the 1st quarter valued at approximately $1,886,000. Finally, Addenda Capital Inc. raised its holdings in Bank Of Montreal by 9.5% during the third quarter. Addenda Capital Inc. now owns 734,616 shares of the bank’s stock worth $95,684,000 after purchasing an additional 63,432 shares during the last quarter. 45.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on BMO shares. Natl Bk Canada cut Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. CIBC upgraded shares of Bank Of Montreal from a “neutral” rating to a “sector outperform” rating in a research report on Friday, September 5th. Raymond James Financial initiated coverage on shares of Bank Of Montreal in a report on Monday, November 24th. They set a “market perform” rating for the company. Royal Bank Of Canada cut 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. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of Bank Of Montreal in a report on Wednesday, August 27th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, Bank Of Montreal has a consensus rating of “Hold” and an average target price of $163.00.

Bank Of Montreal Price Performance

NYSE:BMO opened at $130.30 on Wednesday. Bank Of Montreal has a 12-month low of $85.40 and a 12-month high of $132.96. The firm has a market cap of $92.41 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 1.08 and a beta of 0.95. The company’s 50-day moving average is $125.91 and its two-hundred day moving average is $120.46. The company has a current ratio of 1.00, a quick 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 results on Thursday, December 4th. The bank reported $2.36 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.20. The business had revenue of $6.67 billion during the quarter, compared to the consensus estimate of $6.51 billion. Bank Of Montreal had a net margin of 11.13% and a return on equity of 11.76%. The company’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.90 earnings per share. Research analysts expect that Bank Of Montreal will post 7.71 EPS for the current year.

Bank Of Montreal Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 26th. Shareholders of record on Friday, January 30th will be issued a $1.67 dividend. This is a boost from Bank Of Montreal’s previous quarterly dividend of $1.63. The ex-dividend date is Friday, January 30th. This represents a $6.68 annualized dividend and a yield of 5.1%. Bank Of Montreal’s payout ratio is presently 57.35%.

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.