2,679 Shares in Bank Of Montreal (NYSE:BMO) Purchased by Good Steward Wealth Advisors LLC

Good Steward Wealth Advisors LLC acquired a new stake in shares of Bank Of Montreal (NYSE:BMO - Free Report) TSE: BMO during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,679 shares of the bank's stock, valued at approximately $256,000.

A number of other large investors have also recently made changes to their positions in BMO. Norges Bank purchased a new stake in shares of Bank Of Montreal during the fourth quarter valued at $1,014,633,000. The Manufacturers Life Insurance Company grew its holdings in shares of Bank Of Montreal by 42.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 6,838,171 shares of the bank's stock valued at $664,742,000 after buying an additional 2,044,862 shares during the last quarter. Mackenzie Financial Corp grew its holdings in shares of Bank Of Montreal by 15.4% during the fourth quarter. Mackenzie Financial Corp now owns 12,215,628 shares of the bank's stock valued at $1,184,636,000 after buying an additional 1,630,962 shares during the last quarter. Federated Hermes Inc. grew its holdings in shares of Bank Of Montreal by 1,527.7% during the fourth quarter. Federated Hermes Inc. now owns 1,160,494 shares of the bank's stock valued at $112,626,000 after buying an additional 1,089,199 shares during the last quarter. Finally, Toronto Dominion Bank grew its holdings in shares of Bank Of Montreal by 8.6% during the fourth quarter. Toronto Dominion Bank now owns 12,833,065 shares of the bank's stock valued at $1,244,284,000 after buying an additional 1,020,712 shares during the last quarter. 45.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on BMO shares. Wall Street Zen upgraded shares of Bank Of Montreal from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. Royal Bank Of Canada boosted their target price on shares of Bank Of Montreal from $161.00 to $163.00 and gave the company an "outperform" rating in a research report on Wednesday, February 26th. CIBC restated a "neutral" rating on shares of Bank Of Montreal in a research report on Tuesday, May 20th. Barclays downgraded shares of Bank Of Montreal from an "overweight" rating to an "equal weight" rating in a research report on Monday, June 9th. Finally, Scotiabank started coverage on shares of Bank Of Montreal in a research report on Thursday, May 15th. They set a "sector perform" rating for the company. Nine research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $129.50.

Bank Of Montreal Price Performance

Shares of Bank Of Montreal stock traded up $0.23 during trading hours on Monday, reaching $105.33. The stock had a trading volume of 610,178 shares, compared to its average volume of 829,322. The stock's 50 day moving average is $101.80 and its 200 day moving average is $99.19. The firm has a market capitalization of $76.05 billion, a PE ratio of 13.66, a PEG ratio of 1.15 and a beta of 1.08. Bank Of Montreal has a twelve month low of $76.98 and a twelve month high of $109.10. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.12.

Bank Of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last issued its quarterly earnings data on Wednesday, May 28th. The bank reported $1.84 earnings per share for the quarter, hitting analysts' consensus estimates of $1.84. The business had revenue of $6.32 billion during the quarter, compared to the consensus estimate of $8.79 billion. Bank Of Montreal had a net margin of 10.25% and a return on equity of 10.15%. The company's revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.59 earnings per share. Equities analysts expect that Bank Of Montreal will post 7.71 earnings per share for the current fiscal year.

Bank Of Montreal Increases Dividend

The company also recently disclosed 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 is Wednesday, July 30th. This represents a $4.72 dividend on an annualized basis and a dividend yield of 4.48%. This is an increase from Bank Of Montreal's previous quarterly dividend of $1.11. Bank Of Montreal's dividend payout ratio is 61.48%.

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.