Bank of Montreal (NYSE:BMO) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its stake in shares of Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO by 7.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 76,763 shares of the bank's stock after acquiring an additional 5,600 shares during the period. Janus Henderson Group PLC's holdings in Bank of Montreal were worth $7,445,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Valeo Financial Advisors LLC raised its holdings in shares of Bank of Montreal by 4.6% during the 4th quarter. Valeo Financial Advisors LLC now owns 2,865 shares of the bank's stock worth $278,000 after acquiring an additional 125 shares during the period. Wealthspire Advisors LLC raised its holdings in shares of Bank of Montreal by 2.0% during the 4th quarter. Wealthspire Advisors LLC now owns 6,355 shares of the bank's stock worth $617,000 after acquiring an additional 125 shares during the period. Caprock Group LLC raised its holdings in shares of Bank of Montreal by 4.6% during the 4th quarter. Caprock Group LLC now owns 3,185 shares of the bank's stock worth $309,000 after acquiring an additional 139 shares during the period. Rhumbline Advisers raised its holdings in shares of Bank of Montreal by 16.2% during 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. Finally, Lindbrook Capital LLC raised its holdings in shares of Bank of Montreal by 6.0% during the 4th quarter. Lindbrook Capital LLC now owns 2,745 shares of the bank's stock worth $266,000 after acquiring an additional 155 shares during the period. Hedge funds and other institutional investors own 45.82% of the company's stock.

Analyst Upgrades and Downgrades

BMO has been the topic of several analyst reports. StockNews.com upgraded Bank of Montreal from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Scotiabank initiated coverage on Bank of Montreal in a research report on Thursday, May 15th. They set a "sector perform" rating for the company. CIBC downgraded Bank of Montreal from a "sector outperform" rating to a "neutral" rating in a research report on Friday, April 4th. Royal Bank of Canada raised 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 Bank of Montreal from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $128.40.

Bank of Montreal Trading Down 0.1%

NYSE BMO traded down $0.11 during trading on Wednesday, hitting $103.42. The stock had a trading volume of 610,463 shares, compared to its average volume of 852,563. The company has a market capitalization of $74.88 billion, a PE ratio of 14.82, a PEG ratio of 1.43 and a beta of 1.03. 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 firm has a 50 day moving average price of $95.99 and a 200 day moving average price of $97.17. Bank of Montreal has a twelve month low of $76.98 and a twelve month high of $106.00.

Bank of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last released its earnings results on Tuesday, February 25th. The bank reported $3.04 earnings per share 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 the consensus estimate of $8.58 billion. Bank of Montreal had a return on equity of 10.18% and a net margin of 9.22%. Bank of Montreal's revenue was up 20.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.56 EPS. As a group, equities research analysts forecast that Bank of Montreal will post 7.71 earnings per share for the current year.

Bank of Montreal Cuts Dividend

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

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.