Gulf International Bank UK Ltd Has $145,000 Position in Bank of Montreal (NYSE:BMO)

Gulf International Bank UK Ltd reduced its stake in shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) by 29.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,499 shares of the bank’s stock after selling 622 shares during the period. Gulf International Bank UK Ltd’s holdings in Bank of Montreal were worth $145,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Toronto Dominion Bank grew its holdings in shares of Bank of Montreal by 14.9% during the 3rd quarter. Toronto Dominion Bank now owns 11,812,353 shares of the bank’s stock valued at $1,065,474,000 after acquiring an additional 1,534,508 shares in the last quarter. FMR LLC grew its holdings in shares of Bank of Montreal by 14.2% during the 3rd quarter. FMR LLC now owns 5,046,721 shares of the bank’s stock valued at $455,397,000 after acquiring an additional 625,797 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Bank of Montreal by 2.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,793,309 shares of the bank’s stock valued at $432,823,000 after acquiring an additional 114,909 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Bank of Montreal by 261.6% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,249,552 shares of the bank’s stock valued at $383,449,000 after acquiring an additional 3,074,389 shares in the last quarter. Finally, Fiera Capital Corp grew its holdings in shares of Bank of Montreal by 7.2% during the 4th quarter. Fiera Capital Corp now owns 3,701,814 shares of the bank’s stock valued at $358,991,000 after acquiring an additional 248,096 shares in the last quarter. 45.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on BMO shares. CIBC upgraded shares of Bank of Montreal from a “neutral” rating to a “sector outperform” rating in a report on Friday, December 6th. StockNews.com upgraded shares of Bank of Montreal from a “sell” rating to a “hold” rating in a report on Friday. Cibc World Mkts upgraded shares of Bank of Montreal from a “hold” rating to a “strong-buy” rating in a report on Friday, December 6th. Royal Bank of Canada upped their price objective on shares of Bank of Montreal from $161.00 to $163.00 and gave the stock an “outperform” rating in a report on Wednesday, February 26th. Finally, Scotiabank upgraded shares of Bank of Montreal from a “sector perform” rating to a “sector outperform” rating in a report on Friday, December 6th. Seven analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Bank of Montreal currently has an average rating of “Moderate Buy” and a consensus target price of $128.40.

Bank of Montreal Stock Down 0.3 %

Bank of Montreal stock opened at $102.71 on Monday. The firm has a market cap of $74.86 billion, a price-to-earnings ratio of 14.71, a P/E/G ratio of 1.43 and a beta of 1.09. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98. Bank of Montreal has a fifty-two week low of $76.98 and a fifty-two week high of $106.00. The firm has a fifty day moving average price of $99.21 and a two-hundred day moving average price of $94.12.

Bank of Montreal (NYSE:BMO) (TSE:BMO) last released its earnings results on Tuesday, February 25th. The bank reported $3.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $1.36. The firm had revenue of $9.27 billion during the quarter, compared to analyst estimates of $8.58 billion. Bank of Montreal had a net margin of 9.22% and a return on equity of 10.18%. The business’s revenue was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.56 EPS. As a group, analysts forecast that Bank of Montreal will post 7.71 earnings per share for the current year.

Bank of Montreal Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Tuesday, April 29th will be given a dividend of $1.1094 per share. This represents a $4.44 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date is Tuesday, April 29th. Bank of Montreal’s dividend payout ratio is currently 56.83%.

Bank of Montreal Company Profile

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company’s personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.