Deutsche Bank AG bought a new position in shares of Bank Of Montreal (NYSE:BMO - Free Report) TSE: BMO during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,334,415 shares of the bank's stock, valued at approximately $235,791,000. Deutsche Bank AG owned approximately 0.19% of Bank Of Montreal as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WFA of San Diego LLC acquired a new position in Bank Of Montreal in the 2nd quarter valued at approximately $28,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Bank Of Montreal during the 4th quarter worth approximately $29,000. Larson Financial Group LLC grew its holdings in shares of Bank Of Montreal by 466.7% during the 3rd quarter. Larson Financial Group LLC now owns 238 shares of the bank's stock worth $31,000 after purchasing an additional 196 shares in the last quarter. Western Wealth Management LLC bought a new stake in shares of Bank Of Montreal during the first quarter valued at approximately $38,000. Finally, Swiss RE Ltd. bought a new stake in shares of Bank Of Montreal during the fourth quarter valued at approximately $38,000. 45.82% of the stock is currently owned by institutional investors.
Bank Of Montreal Price Performance
NYSE:BMO opened at $182.71 on Wednesday. The firm has a market cap of $127.38 billion, a PE ratio of 19.40, a price-to-earnings-growth ratio of 1.04 and a beta of 0.94. Bank Of Montreal has a 12 month low of $112.21 and a 12 month high of $187.22. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.11. The company's 50-day moving average price is $177.19 and its two-hundred day moving average price is $157.67.
Bank Of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last posted its quarterly earnings data on Wednesday, May 27th. The bank reported $2.68 earnings per share for the quarter, topping the consensus estimate of $2.54 by $0.14. Bank Of Montreal had a net margin of 12.60% and a return on equity of 13.04%. The company had revenue of $7.04 billion during the quarter, compared to analyst estimates of $6.98 billion. During the same quarter last year, the business posted $2.62 earnings per share. The company's revenue was up 10.2% on a year-over-year basis. On average, equities analysts anticipate that Bank Of Montreal will post 10.54 EPS for the current fiscal year.
Bank Of Montreal Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Thursday, July 30th will be given a dividend of $1.71 per share. This is a boost from Bank Of Montreal's previous quarterly dividend of $1.67. The ex-dividend date is Thursday, July 30th. This represents a $6.84 dividend on an annualized basis and a yield of 3.7%. Bank Of Montreal's dividend payout ratio is currently 51.06%.
Analysts Set New Price Targets
A number of research analysts recently commented on BMO shares. Zacks Research lowered Bank Of Montreal from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 27th. Canadian Imperial Bank of Commerce lowered shares of Bank Of Montreal from an "outperform" rating to a "neutral" rating in a report on Tuesday. Scotiabank restated an "outperform" rating on shares of Bank Of Montreal in a research note on Tuesday, June 16th. Barclays restated an "underweight" rating on shares of Bank Of Montreal in a research note on Thursday, May 28th. Finally, Raymond James Financial reiterated an "outperform" rating on shares of Bank Of Montreal in a research report on Tuesday, May 12th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $163.00.
Check Out Our Latest Report on Bank Of Montreal
Bank Of Montreal Company Profile
(
Free Report)
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.
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