Bank Of Montreal (NYSE:BMO) Shares Bought by Baskin Financial Services Inc.

Baskin Financial Services Inc. increased its holdings in Bank Of Montreal (NYSE:BMO - Free Report) TSE: BMO by 134.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 7,428 shares of the bank's stock after buying an additional 4,256 shares during the period. Baskin Financial Services Inc.'s holdings in Bank Of Montreal were worth $709,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. North Star Asset Management Inc. increased its position in Bank Of Montreal by 1.2% in the fourth quarter. North Star Asset Management Inc. now owns 8,422 shares of the bank's stock worth $817,000 after buying an additional 100 shares during the period. Oppenheimer & Co. Inc. grew its position in shares of Bank Of Montreal by 2.6% during the first quarter. Oppenheimer & Co. Inc. now owns 4,717 shares of the bank's stock worth $451,000 after acquiring an additional 120 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Bank Of Montreal by 16.2% in the 4th quarter. Rhumbline Advisers now owns 1,049 shares of the bank's stock worth $102,000 after acquiring an additional 146 shares during the period. Lindbrook Capital LLC lifted its position in Bank Of Montreal by 6.0% in the 4th quarter. Lindbrook Capital LLC now owns 2,745 shares of the bank's stock valued at $266,000 after purchasing an additional 155 shares during the last quarter. Finally, Sequoia Financial Advisors LLC boosted its stake in Bank Of Montreal by 5.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,797 shares of the bank's stock valued at $363,000 after purchasing an additional 196 shares during the period. Institutional investors own 45.82% of the company's stock.

Bank Of Montreal Price Performance

Shares of NYSE:BMO opened at $112.10 on Thursday. The stock has a market cap of $80.74 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 1.22 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 has a 12 month low of $76.98 and a 12 month high of $112.15. The stock's 50 day moving average price is $104.05 and its 200 day moving average price is $99.65.

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

Bank Of Montreal Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Wednesday, July 30th will be given a $1.1801 dividend. The ex-dividend date of this dividend is Wednesday, July 30th. This is a boost from Bank Of Montreal's previous quarterly dividend of $1.11. This represents a $4.72 annualized dividend and a yield of 4.21%. Bank Of Montreal's payout ratio is 57.33%.

Analyst Ratings Changes

BMO has been the topic of several analyst reports. Barclays lowered shares of Bank Of Montreal from an "overweight" rating to an "equal weight" rating in a research note on Monday, June 9th. Scotiabank initiated coverage on Bank Of Montreal in a research report on Thursday, May 15th. They issued a "sector perform" rating on the stock. CIBC reiterated a "neutral" rating on shares of Bank Of Montreal in a research report on Tuesday, May 20th. Finally, Cibc World Mkts cut Bank Of Montreal from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $129.50.

Bank Of Montreal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.