Osmosis Investment Management UK Ltd Purchases Shares of 22,907 Bank Of Montreal $BMO

Osmosis Investment Management UK Ltd purchased a new stake in Bank Of Montreal (NYSE:BMO) (TSE:BMO) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 22,907 shares of the bank’s stock, valued at approximately $4,047,000.

Several other institutional investors have also recently added to or reduced their stakes in BMO. AQR Capital Management LLC grew its stake in shares of Bank Of Montreal by 87.1% in the first quarter. AQR Capital Management LLC now owns 5,742 shares of the bank’s stock valued at $548,000 after buying an additional 2,673 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in Bank Of Montreal during the 2nd quarter worth about $1,018,000. Cerity Partners LLC lifted its stake in Bank Of Montreal by 1.4% during the 2nd quarter. Cerity Partners LLC now owns 12,364 shares of the bank’s stock worth $1,368,000 after acquiring an additional 167 shares in the last quarter. Qube Research & Technologies Ltd boosted its holdings in Bank Of Montreal by 166.3% during the 2nd quarter. Qube Research & Technologies Ltd now owns 411,108 shares of the bank’s stock valued at $45,518,000 after acquiring an additional 256,755 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in Bank Of Montreal by 5,614.3% during the 2nd quarter. NewEdge Advisors LLC now owns 2,800 shares of the bank’s stock valued at $310,000 after acquiring an additional 2,751 shares during the period. Institutional investors and hedge funds own 45.82% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on BMO shares. Zacks Research lowered shares of Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Desjardins reissued a “hold” rating on shares of Bank Of Montreal in a research note on Thursday, May 28th. Keefe, Bruyette & Woods initiated coverage on shares of Bank Of Montreal in a report on Friday. They issued an “outperform” rating for the company. Scotiabank reaffirmed an “outperform” rating on shares of Bank Of Montreal in a research report on Tuesday, June 16th. Finally, Weiss Ratings cut Bank Of Montreal from a “buy (b+)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. Five research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $163.00.

Bank Of Montreal Stock Down 0.1%

Shares of Bank Of Montreal stock opened at $174.34 on Monday. 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 $112.58 and a 52-week high of $187.22. The company has a market capitalization of $121.54 billion, a P/E ratio of 18.51, a P/E/G ratio of 1.07 and a beta of 0.94. The company has a 50 day moving average of $177.66 and a 200 day moving average of $158.42.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last announced its quarterly earnings data on Wednesday, May 27th. The bank reported $2.68 EPS for the quarter, beating analysts’ consensus estimates of $2.54 by $0.14. The company 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 company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.62 EPS. As a group, research analysts forecast that Bank Of Montreal will post 10.49 EPS for the current fiscal year.

Bank Of Montreal Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Thursday, July 30th will be issued a dividend of $1.71 per share. 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. This represents a $6.84 dividend on an annualized basis and a yield of 3.9%. Bank Of Montreal’s dividend payout ratio (DPR) is presently 51.06%.

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.