Bank of Montreal (NYSE:BMO) Holdings Decreased by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in shares of Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO by 0.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 935,625 shares of the bank's stock after selling 3,718 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.13% of Bank of Montreal worth $90,802,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Bank of Montreal by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 30,494,749 shares of the bank's stock valued at $2,960,491,000 after acquiring an additional 576,744 shares during the period. TD Asset Management Inc. grew its stake in shares of Bank of Montreal by 2.8% during the 4th quarter. TD Asset Management Inc. now owns 17,615,141 shares of the bank's stock valued at $1,709,215,000 after acquiring an additional 486,984 shares during the period. Toronto Dominion Bank grew its stake in shares of Bank of Montreal by 8.6% during the 4th quarter. Toronto Dominion Bank now owns 12,833,065 shares of the bank's stock valued at $1,244,284,000 after acquiring an additional 1,020,712 shares during the period. Norges Bank bought a new position in shares of Bank of Montreal during the 4th quarter valued at approximately $1,014,633,000. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Bank of Montreal by 42.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 6,838,171 shares of the bank's stock valued at $664,742,000 after acquiring an additional 2,044,862 shares during the period. 45.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Cibc World Mkts downgraded Bank of Montreal from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Scotiabank began coverage on Bank of Montreal in a report on Thursday, May 15th. They issued a "sector perform" rating on the stock. Royal Bank of Canada boosted their price target on Bank of Montreal from $161.00 to $163.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. CIBC reissued a "neutral" rating on shares of Bank of Montreal in a report on Tuesday, May 20th. Finally, Wall Street Zen raised Bank of Montreal from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Ten analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $128.40.

Bank of Montreal Trading Up 0.7%

Shares of BMO stock traded up $0.70 on Tuesday, hitting $104.64. The stock had a trading volume of 723,273 shares, compared to its average volume of 848,913. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98. The firm has a market capitalization of $75.76 billion, a P/E ratio of 14.99, a P/E/G ratio of 1.43 and a beta of 1.03. Bank of Montreal has a 1 year low of $76.98 and a 1 year high of $106.00. The company's 50 day moving average price is $96.48 and its 200-day moving average price is $97.53.

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, topping analysts' consensus estimates of $1.68 by $1.36. The firm had revenue of $9.27 billion for the quarter, compared to analyst estimates of $8.58 billion. Bank of Montreal had a net margin of 9.22% and a return on equity of 10.18%. The business's quarterly revenue was up 20.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.56 earnings per share. 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 declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, April 29th will be issued a $1.1094 dividend. This represents a $4.44 annualized dividend and a yield of 4.24%. The ex-dividend date is Tuesday, April 29th. Bank of Montreal's dividend payout ratio (DPR) is 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.