3,040 Shares in Bank of Montreal (NYSE:BMO) Bought by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC acquired a new position in Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,040 shares of the bank's stock, valued at approximately $295,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. IFP Advisors Inc raised its position in shares of Bank of Montreal by 179.5% in the fourth quarter. IFP Advisors Inc now owns 313 shares of the bank's stock worth $30,000 after buying an additional 201 shares in the last quarter. Addison Advisors LLC increased its stake in Bank of Montreal by 282.8% in the fourth quarter. Addison Advisors LLC now owns 333 shares of the bank's stock valued at $32,000 after acquiring an additional 246 shares during the last quarter. Vision Financial Markets LLC bought a new position in Bank of Montreal in the fourth quarter valued at $39,000. Dunhill Financial LLC bought a new position in Bank of Montreal in the fourth quarter valued at $39,000. Finally, First Horizon Advisors Inc. increased its stake in Bank of Montreal by 140.9% in the fourth quarter. First Horizon Advisors Inc. now owns 612 shares of the bank's stock valued at $59,000 after acquiring an additional 358 shares during the last quarter. Hedge funds and other institutional investors own 45.82% of the company's stock.

Bank of Montreal Stock Up 0.1%

Shares of NYSE:BMO opened at $103.52 on Friday. The stock's 50-day moving average price is $96.23 and its 200-day moving average price is $97.31. Bank of Montreal has a 12-month low of $76.98 and a 12-month high of $106.00. The stock has a market capitalization of $74.95 billion, a P/E ratio of 14.83, a price-to-earnings-growth ratio of 1.43 and a beta of 1.03. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11.

Bank of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last announced its quarterly earnings data on Tuesday, February 25th. The bank reported $3.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.68 by $1.36. Bank of Montreal had a return on equity of 10.18% and a net margin of 9.22%. The firm had revenue of $9.27 billion for the quarter, compared to analysts' expectations of $8.58 billion. During the same period last year, the firm earned $2.56 earnings per share. The company's revenue for the quarter was up 20.8% compared to the same quarter last year. On average, equities analysts anticipate that Bank of Montreal will post 7.71 earnings per share for the current year.

Bank of Montreal Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, April 29th will be paid a $1.1094 dividend. The ex-dividend date is Tuesday, April 29th. This represents a $4.44 annualized dividend and a dividend yield of 4.29%. Bank of Montreal's payout ratio is presently 57.35%.

Wall Street Analyst Weigh In

BMO has been the topic of a number of research analyst reports. Scotiabank initiated coverage on Bank of Montreal in a research note on Thursday, May 15th. They issued a "sector perform" rating on the stock. Royal Bank of Canada increased their target price on Bank of Montreal from $161.00 to $163.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. Cibc World Mkts cut Bank of Montreal from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. CIBC cut Bank of Montreal from a "sector outperform" rating to a "neutral" rating in a research note on Friday, April 4th. Finally, Wall Street Zen raised Bank of Montreal from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Ten analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus 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.

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