3,754 Shares in Bank Of Montreal (NYSE:BMO) Bought by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd acquired a new position in shares of Bank Of Montreal (NYSE:BMO - Free Report) TSE: BMO during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,754 shares of the bank's stock, valued at approximately $359,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dunhill Financial LLC acquired a new stake in shares of Bank Of Montreal during the fourth quarter worth $39,000. CX Institutional acquired a new stake in Bank Of Montreal in the 1st quarter valued at $42,000. HM Payson & Co. acquired a new stake in Bank Of Montreal in the 1st quarter valued at $42,000. Wayfinding Financial LLC acquired a new stake in Bank Of Montreal in the 1st quarter valued at $44,000. Finally, TruNorth Capital Management LLC increased its stake in Bank Of Montreal by 405.0% in the 1st quarter. TruNorth Capital Management LLC now owns 505 shares of the bank's stock valued at $48,000 after buying an additional 405 shares during the last quarter. 45.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have issued reports on BMO shares. CIBC reiterated a "neutral" rating on shares of Bank Of Montreal in a research note on Tuesday, May 20th. Wall Street Zen lowered shares of Bank Of Montreal from a "hold" rating to a "sell" rating in a research note on Friday, July 18th. Barclays lowered shares of Bank Of Montreal from an "overweight" rating to an "equal weight" rating in a research note on Monday, June 9th. Cibc World Mkts lowered shares of Bank Of Montreal from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Scotiabank started coverage on shares of Bank Of Montreal in a research note on Thursday, May 15th. They issued a "sector perform" rating on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Bank Of Montreal currently has a consensus rating of "Hold" and a consensus target price of $129.50.

Bank Of Montreal Stock Performance

Shares of BMO opened at $113.36 on Tuesday. The firm has a 50-day moving average of $109.44 and a 200-day moving average of $101.78. Bank Of Montreal has a one year low of $76.98 and a one year high of $115.66. The company has a market cap of $81.43 billion, a PE ratio of 14.70, a price-to-earnings-growth ratio of 1.26 and a beta of 1.07. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.00 and a quick ratio of 1.00.

Bank Of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last announced its quarterly earnings data on Wednesday, May 28th. The bank reported $1.84 EPS for the quarter, meeting analysts' consensus estimates of $1.84. Bank Of Montreal had a net margin of 10.25% and a return on equity of 10.15%. The company had revenue of $6.32 billion during the quarter, compared to the consensus estimate of $8.79 billion. During the same quarter last year, the firm posted $2.59 EPS. The company's quarterly revenue was up 8.8% on a year-over-year basis. As a group, equities analysts forecast that Bank Of Montreal will post 7.71 earnings per share for the current year.

Bank Of Montreal Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Wednesday, July 30th will be given a $1.1801 dividend. This represents a $4.72 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date is Wednesday, July 30th. This is an increase from Bank Of Montreal's previous quarterly dividend of $1.11. Bank Of Montreal's dividend payout ratio (DPR) is 62.13%.

About Bank Of Montreal

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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