Bank Of Montreal (BMO) – What Are Analysts Saying About This Stock?

Bank Of Montreal (NYSE:BMO) (TSE:BMO) has earned an average rating of “Hold” from the thirteen ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $244.00.

A number of brokerages recently weighed in on BMO. Barclays restated an “underweight” rating on shares of Bank Of Montreal in a report on Friday, August 21st. Weiss Ratings cut Bank Of Montreal from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, October 14th. Keefe, Bruyette & Woods started coverage on Bank Of Montreal in a research report on Friday, August 21st. They set an “outperform” rating for the company. Royal Bank Of Canada reissued a “sector perform” rating on shares of Bank Of Montreal in a research note on Thursday, August 27th. Finally, TD Securities restated a “buy” rating on shares of Bank Of Montreal in a report on Wednesday, August 12th.

Hedge Funds Weigh In On Bank Of Montreal

A number of large investors have recently made changes to their positions in the business. Edmond DE Rothschild Holding S.A. bought a new position in Bank Of Montreal during the second quarter valued at about $28,000. Western Wealth Management LLC acquired a new position in shares of Bank Of Montreal during the 1st quarter valued at about $38,000. Fulcrum Asset Management LLP bought a new position in shares of Bank Of Montreal in the 3rd quarter valued at approximately $57,000. Pathway Financial Advisers LLC bought a new position in shares of Bank Of Montreal in the 3rd quarter valued at approximately $59,000. Finally, Highland Investment Advisors LLC bought a new position in shares of Bank Of Montreal in the 2nd quarter valued at approximately $63,000. Institutional investors and hedge funds own 45.82% of the company’s stock.

Bank Of Montreal Stock Performance

Shares of NYSE:BMO traded up $0.33 on Friday, hitting $173.26. The company’s stock had a trading volume of 282,628 shares, compared to its average volume of 691,383. The company has a market capitalization of $119.83 billion, a price-to-earnings ratio of 19.55, a price-to-earnings-growth ratio of 0.94 and a beta of 0.93. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.01 and a current ratio of 1.01. Bank Of Montreal has a 12 month low of $119.84 and a 12 month high of $187.22. The stock’s 50-day moving average is $170.56 and its two-hundred day moving average is $161.74.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last issued its quarterly earnings results on Tuesday, August 25th. The bank reported $2.84 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.13. The company had revenue of $7.10 billion during the quarter, compared to analyst estimates of $6.94 billion. Bank Of Montreal had a net margin of 11.72% and a return on equity of 13.60%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the business posted $3.23 EPS. On average, equities research analysts forecast that Bank Of Montreal will post 10.54 EPS for the current year.

Bank Of Montreal Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 26th. Stockholders of record on Friday, October 30th will be issued a C$1.71 dividend. The ex-dividend date is Friday, October 30th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 3.9%. Bank Of Montreal’s dividend payout ratio is presently 54.18%.

About Bank Of Montreal

Bank of Montreal, commonly known as BMO Financial Group, is a diversified financial services company serving individuals, businesses, and institutions. Its offerings include personal and commercial banking, such as deposit accounts, loans, mortgages, credit cards, and business banking services. BMO also provides wealth management and investment services, including financial advice, investment management, and private banking. Through its capital markets business, the company serves corporate, government, and institutional clients with services such as corporate banking, investment banking, and trading.