Commonwealth Equity Services LLC Sells 3,651 Shares of Bank Of Montreal $BMO

Commonwealth Equity Services LLC decreased its position in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 8.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,770 shares of the bank’s stock after selling 3,651 shares during the period. Commonwealth Equity Services LLC’s holdings in Bank Of Montreal were worth $4,902,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of BMO. Dimensional Fund Advisors LP lifted its stake in shares of Bank Of Montreal by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,588,944 shares of the bank’s stock valued at $465,815,000 after purchasing an additional 31,478 shares during the period. Lansforsakringar Fondforvaltning AB publ grew its stake in Bank Of Montreal by 1.6% during the fourth quarter. Lansforsakringar Fondforvaltning AB publ now owns 164,995 shares of the bank’s stock worth $21,456,000 after purchasing an additional 2,674 shares during the period. Swiss RE Ltd. bought a new stake in Bank Of Montreal in the fourth quarter worth approximately $38,000. Skandinaviska Enskilda Banken AB publ increased its holdings in Bank Of Montreal by 50.5% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 167,739 shares of the bank’s stock worth $21,771,000 after purchasing an additional 56,288 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC lifted its stake in Bank Of Montreal by 761.3% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 28,871 shares of the bank’s stock valued at $3,747,000 after buying an additional 25,519 shares during the period. Institutional investors own 45.82% of the company’s stock.

Bank Of Montreal Trading Down 0.4%

NYSE BMO opened at $164.49 on Friday. 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 has a 52 week low of $104.08 and a 52 week high of $165.92. The business has a 50 day moving average price of $150.86 and a 200-day moving average price of $140.53. The company has a market cap of $115.21 billion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 0.92 and a beta of 0.95.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last issued its earnings results on Wednesday, May 27th. The bank reported $2.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.54 by $0.14. Bank Of Montreal had a return on equity of 13.04% and a net margin of 12.60%.The company had revenue of $7.04 billion for the quarter, compared to analysts’ expectations of $6.98 billion. During the same period last year, the business earned $2.62 EPS. Bank Of Montreal’s quarterly revenue was up 10.2% compared to the same quarter last year. As a group, equities analysts expect that Bank Of Montreal will post 11.82 earnings per share for the current fiscal year.

Bank Of Montreal Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Thursday, July 30th will be paid a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.2%. This is a positive change from Bank Of Montreal’s previous quarterly dividend of $1.67. The ex-dividend date of this dividend is Thursday, July 30th. Bank Of Montreal’s payout ratio is 50.96%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Raymond James Financial restated an “outperform” rating on shares of Bank Of Montreal in a report on Tuesday, May 12th. Desjardins reiterated a “hold” rating on shares of Bank Of Montreal in a research report on Thursday, May 28th. Weiss Ratings raised shares of Bank Of Montreal from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, May 28th. National Bank Financial reaffirmed a “sector perform” rating on shares of Bank Of Montreal in a research note on Wednesday, February 25th. Finally, Scotiabank upgraded shares of Bank Of Montreal from a “sector perform” rating to a “sector outperform” rating in a report on Monday, June 1st. Five investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.