Bank Of Montreal $BMO is Mufg Securities Canada LTD.’s 7th Largest Position

Mufg Securities Canada LTD. lowered its position in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 8.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,083,543 shares of the bank’s stock after selling 101,847 shares during the period. Bank Of Montreal accounts for about 3.9% of Mufg Securities Canada LTD.’s holdings, making the stock its 7th biggest position. Mufg Securities Canada LTD. owned 0.15% of Bank Of Montreal worth $140,749,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. WFA of San Diego LLC purchased a new position in Bank Of Montreal during the second quarter valued at approximately $28,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Bank Of Montreal during the fourth quarter valued at approximately $29,000. Larson Financial Group LLC grew its stake in Bank Of Montreal by 466.7% during the third quarter. Larson Financial Group LLC now owns 238 shares of the bank’s stock valued at $31,000 after acquiring an additional 196 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in Bank Of Montreal during the fourth quarter valued at approximately $34,000. Finally, Swiss RE Ltd. purchased a new position in Bank Of Montreal during the fourth quarter valued at approximately $38,000. Hedge funds and other institutional investors own 45.82% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on BMO shares. Scotiabank raised shares of Bank Of Montreal from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, June 1st. National Bank Financial reiterated a “sector perform” rating on shares of Bank Of Montreal in a research report on Wednesday, February 25th. Weiss Ratings upgraded shares of Bank Of Montreal from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, May 28th. TD Securities reiterated a “buy” rating on shares of Bank Of Montreal in a research report on Thursday, May 28th. Finally, Raymond James Financial reiterated an “outperform” rating on shares of Bank Of Montreal in a research report on Tuesday, May 12th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $163.00.

Bank Of Montreal Trading Down 0.0%

Shares of Bank Of Montreal stock opened at $168.29 on Monday. Bank Of Montreal has a 1 year low of $104.08 and a 1 year high of $169.35. The firm has a market cap of $117.87 billion, a PE ratio of 17.86, a PEG ratio of 0.94 and a beta of 0.95. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.02 and a quick ratio of 1.02. The company has a 50 day simple moving average of $154.08 and a two-hundred day simple moving average of $142.23.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last announced its earnings results on Wednesday, May 27th. The bank reported $2.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.54 by $0.14. The business had revenue of $7.04 billion during the quarter, compared to analyst estimates of $6.98 billion. Bank Of Montreal had a net margin of 12.60% and a return on equity of 13.04%. Bank Of Montreal’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the business posted $2.62 earnings per share. 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. Stockholders of record on Thursday, July 30th will be issued a $1.71 dividend. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Thursday, July 30th. This is a positive change from Bank Of Montreal’s previous quarterly dividend of $1.67. Bank Of Montreal’s dividend payout ratio (DPR) is presently 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.