Bank Of Montreal $BMO is Guardian Partners Inc.’s 3rd Largest Position

Guardian Partners Inc. reduced its position in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 1.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 368,162 shares of the bank’s stock after selling 3,762 shares during the period. Bank Of Montreal accounts for approximately 4.2% of Guardian Partners Inc.’s portfolio, making the stock its 3rd largest holding. Guardian Partners Inc. owned approximately 0.05% of Bank Of Montreal worth $49,855,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. WFA of San Diego LLC bought a new stake in Bank Of Montreal during the 2nd quarter valued at $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 increased its position in shares of Bank Of Montreal by 466.7% in the third quarter. Larson Financial Group LLC now owns 238 shares of the bank’s stock worth $31,000 after purchasing an additional 196 shares during the last quarter. Flagship Harbor Advisors LLC bought a new position in shares of Bank Of Montreal in the 4th quarter worth $34,000. Finally, Swiss RE Ltd. bought a new position in Bank Of Montreal in the fourth quarter valued at $38,000. 45.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BMO has been the topic of a number of recent research reports. Zacks Research cut shares of Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings downgraded shares of Bank Of Montreal from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Bank Of Montreal in a report on Thursday, May 28th. Scotiabank reaffirmed an “outperform” rating on shares of Bank Of Montreal in a research note on Tuesday, June 16th. Finally, Barclays reiterated an “underweight” rating on shares of Bank Of Montreal in a research report on Thursday, May 28th. 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $163.00.

Bank Of Montreal Price Performance

Shares of NYSE:BMO opened at $180.65 on Wednesday. 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 market capitalization of $126.53 billion, a PE ratio of 19.18, a PEG ratio of 1.00 and a beta of 0.93. Bank Of Montreal has a 1-year low of $109.64 and a 1-year high of $184.21. The business has a fifty day moving average price of $171.55 and a 200-day moving average price of $152.82.

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 the consensus estimate of $2.54 by $0.14. The firm 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 business’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.62 earnings per share. As a group, equities analysts expect that Bank Of Montreal will post 11.82 EPS for the current fiscal year.

Bank Of Montreal Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Thursday, July 30th will be paid a dividend of $1.71 per share. The ex-dividend date is Thursday, July 30th. This represents a $6.84 annualized dividend and a yield of 3.8%. This is an increase from Bank Of Montreal’s previous quarterly dividend of $1.67. Bank Of Montreal’s dividend payout ratio (DPR) is currently 50.96%.

Bank Of Montreal 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.