Bank Of Montreal $BMO is Triasima Portfolio Management inc.'s 7th Largest Position

Key Points

• Triasima Portfolio Management increased its stake in Bank of Montreal by 16.3% in Q4 to 116,166 shares, making it the firm's 7th-largest position and representing 2.3% of its portfolio (worth $15.11M).
• Bank of Montreal reported Q4 EPS of $2.51, beating estimates by $0.16, with revenue of $7.21B, up about 6% year-over-year.
• The bank declared a quarterly dividend of $1.67 (annualized $6.68) for a yield of roughly 4.4%; the ex-dividend date is April 29 and the payment date is May 26.

Triasima Portfolio Management inc. grew its position in Bank Of Montreal (NYSE:BMO - Free Report) TSE: BMO by 16.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 116,166 shares of the bank's stock after purchasing an additional 16,274 shares during the quarter. Bank Of Montreal makes up 2.3% of Triasima Portfolio Management inc.'s investment portfolio, making the stock its 7th largest position. Triasima Portfolio Management inc.'s holdings in Bank Of Montreal were worth $15,106,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. True Wealth Design LLC acquired a new stake in shares of Bank Of Montreal in the 3rd quarter valued at $28,000. Larson Financial Group LLC raised its holdings in shares of Bank Of Montreal by 466.7% in the 3rd quarter. Larson Financial Group LLC now owns 238 shares of the bank's stock valued at $31,000 after purchasing an additional 196 shares in the last quarter. WFA of San Diego LLC acquired a new stake in shares of Bank Of Montreal in the 2nd quarter valued at $28,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Bank Of Montreal in the 4th quarter valued at $34,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Bank Of Montreal in the 3rd quarter valued at $42,000. 45.82% of the stock is currently owned by institutional investors and hedge funds.

Bank Of Montreal Price Performance

Shares of NYSE:BMO opened at $152.63 on Monday. The company's fifty day moving average price is $142.94 and its 200 day moving average price is $135.10. Bank Of Montreal has a 12 month low of $97.00 and a 12 month high of $154.48. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a market capitalization of $106.98 billion, a P/E ratio of 17.73, a P/E/G ratio of 0.98 and a beta of 0.94.

Bank Of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last announced its quarterly earnings results on Wednesday, February 25th. The bank reported $2.51 EPS for the quarter, topping the consensus estimate of $2.35 by $0.16. Bank Of Montreal had a net margin of 11.76% and a return on equity of 12.16%. The firm had revenue of $7.21 billion for the quarter, compared to analyst estimates of $6.73 billion. During the same period last year, the business earned $3.04 EPS. Bank Of Montreal's revenue for the quarter was up 6.0% compared to the same quarter last year. As a group, sell-side analysts predict that Bank Of Montreal will post 10.2 earnings per share for the current fiscal year.

Bank Of Montreal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Wednesday, April 29th will be paid a dividend of $1.67 per share. This represents a $6.68 annualized dividend and a yield of 4.4%. The ex-dividend date is Wednesday, April 29th. Bank Of Montreal's dividend payout ratio (DPR) is currently 55.75%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BMO. National Bank Financial restated a "sector perform" rating on shares of Bank Of Montreal in a report on Wednesday, February 25th. Raymond James Financial upgraded shares of Bank Of Montreal from a "market perform" rating to an "outperform" rating in a report on Friday, February 13th. Wall Street Zen upgraded shares of Bank Of Montreal from a "sell" rating to a "hold" rating in a report on Sunday, February 8th. Weiss Ratings restated a "buy (b)" rating on shares of Bank Of Montreal in a report on Friday, April 17th. Finally, Zacks Research lowered shares of Bank Of Montreal from a "strong-buy" rating to a "hold" rating in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Bank Of Montreal presently has an average rating of "Hold" and an average target price of $163.00.

About Bank Of Montreal

Bank of Montreal NYSE: BMO, commonly known as BMO Financial Group, is one of Canada's largest and longest-established banks. Founded in Montreal and headquartered in Montreal, Quebec, the bank provides a broad range of financial services to retail, commercial, corporate and institutional clients. BMO is publicly listed in both Canada and the United States and operates under a consolidated financial services model that integrates banking, capital markets, wealth management and asset management activities.

BMO's core businesses include personal and commercial banking—offering checking and savings accounts, lending, mortgages, and small-business services—alongside wealth management and private banking through its asset and investment management divisions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.