Deutsche Bank AG Purchases 62,890 Shares of Bank Of Montreal (NYSE:BMO)

Deutsche Bank AG raised its position in shares of Bank Of Montreal (NYSE:BMO - Free Report) TSE: BMO by 6.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,079,549 shares of the bank's stock after buying an additional 62,890 shares during the quarter. Deutsche Bank AG owned about 0.15% of Bank Of Montreal worth $103,108,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BMO. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Bank Of Montreal by 228.9% during the first quarter. Cary Street Partners Investment Advisory LLC now owns 273 shares of the bank's stock valued at $26,000 after acquiring an additional 190 shares in the last quarter. Bayforest Capital Ltd bought a new position in shares of Bank Of Montreal during the first quarter valued at $34,000. Dunhill Financial LLC bought a new position in shares of Bank Of Montreal during the fourth quarter valued at $39,000. HM Payson & Co. bought a new position in shares of Bank Of Montreal during the first quarter valued at $42,000. Finally, CX Institutional bought a new position in shares of Bank Of Montreal during the first quarter valued at $42,000. Hedge funds and other institutional investors own 45.82% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on BMO. Wall Street Zen upgraded Bank Of Montreal from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Barclays downgraded Bank Of Montreal from an "overweight" rating to an "equal weight" rating in a report on Monday, June 9th. Scotiabank began coverage on Bank Of Montreal in a report on Thursday, May 15th. They set a "sector perform" rating for the company. Finally, CIBC restated a "neutral" rating on shares of Bank Of Montreal in a report on Tuesday, May 20th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Bank Of Montreal presently has an average rating of "Hold" and a consensus price target of $129.50.

Bank Of Montreal Stock Performance

NYSE BMO traded down $0.18 during trading hours on Friday, hitting $113.99. The company's stock had a trading volume of 76,799 shares, compared to its average volume of 665,611. Bank Of Montreal has a 12 month low of $81.13 and a 12 month high of $115.66. The company's 50 day simple moving average is $111.17 and its two-hundred day simple moving average is $102.92. The company has a market cap of $81.66 billion, a P/E ratio of 14.78, a price-to-earnings-growth ratio of 1.25 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 released its quarterly earnings data on Wednesday, May 28th. The bank reported $1.84 EPS for the quarter, hitting the consensus estimate of $1.84. Bank Of Montreal had a return on equity of 10.15% and a net margin of 10.25%. The company had revenue of $6.32 billion during the quarter, compared to the consensus estimate of $8.79 billion. During the same period last year, the company earned $2.59 EPS. Bank Of Montreal's revenue for the quarter was up 8.8% on a year-over-year basis. As a group, sell-side analysts expect that Bank Of Montreal will post 7.71 EPS for the current fiscal year.

Bank Of Montreal Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Wednesday, July 30th will be paid a dividend of $1.1801 per share. The ex-dividend date is Wednesday, July 30th. This represents a $4.72 dividend on an annualized basis and a dividend yield of 4.1%. This is an increase from Bank Of Montreal's previous quarterly dividend of $1.11. Bank Of Montreal's dividend payout ratio is presently 62.13%.

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.