Dimensional Fund Advisors LP Has $349.78 Million Stake in Bank of Montreal (NYSE:BMO)

Dimensional Fund Advisors LP increased its position in shares of Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,604,088 shares of the bank's stock after purchasing an additional 46,056 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.49% of Bank of Montreal worth $349,778,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in BMO. Vanguard Group Inc. raised its holdings in shares of Bank of Montreal by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 30,494,749 shares of the bank's stock valued at $2,960,491,000 after buying an additional 576,744 shares during the last quarter. TD Asset Management Inc. raised its stake in shares of Bank of Montreal by 2.8% in the fourth quarter. TD Asset Management Inc. now owns 17,615,141 shares of the bank's stock worth $1,709,215,000 after acquiring an additional 486,984 shares during the last quarter. Norges Bank acquired a new position in shares of Bank of Montreal during the fourth quarter worth approximately $1,014,633,000. Beutel Goodman & Co Ltd. grew its stake in shares of Bank of Montreal by 11.9% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 6,616,614 shares of the bank's stock valued at $642,016,000 after purchasing an additional 704,197 shares during the last quarter. Finally, FMR LLC increased its holdings in shares of Bank of Montreal by 3.2% in the fourth quarter. FMR LLC now owns 5,208,431 shares of the bank's stock valued at $505,643,000 after purchasing an additional 161,710 shares in the last quarter. 45.82% of the stock is owned by institutional investors.

Bank of Montreal Trading Down 0.4 %

Bank of Montreal stock traded down $0.38 during midday trading on Friday, hitting $95.05. 1,970,730 shares of the stock were exchanged, compared to its average volume of 872,098. Bank of Montreal has a 52 week low of $76.98 and a 52 week high of $106.00. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $68.82 billion, a PE ratio of 13.62, a P/E/G ratio of 1.43 and a beta of 0.95. The company has a fifty day simple moving average of $96.14 and a two-hundred day simple moving average of $96.33.

Bank of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last announced its quarterly earnings results on Tuesday, February 25th. The bank reported $3.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $1.36. The company 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 firm'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. Equities research analysts anticipate that Bank of Montreal will post 7.71 EPS for the current fiscal year.

Bank of Montreal Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, April 29th will be issued a $1.1094 dividend. The ex-dividend date of this dividend is Tuesday, April 29th. This represents a $4.44 annualized dividend and a dividend yield of 4.67%. Bank of Montreal's dividend payout ratio (DPR) is currently 57.35%.

Analyst Ratings Changes

A number of brokerages have commented on BMO. StockNews.com upgraded Bank of Montreal from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. CIBC cut Bank of Montreal from a "sector outperform" rating to a "neutral" rating in a report on Friday, April 4th. Royal Bank of Canada lifted their price objective on Bank of Montreal from $161.00 to $163.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Finally, Cibc World Mkts downgraded shares of Bank of Montreal from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Bank of Montreal has an average rating of "Hold" and an average price target of $128.40.

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.