Mn Services Vermogensbeheer B.V. Acquires 4,200 Shares of Bank Of Montreal $BMO

Key Points

• Mn Services Vermogensbeheer B.V. increased its stake in Bank of Montreal by 3.1% during Q2, owning 139,100 shares worth approximately $15.38 million.
• Bank of Montreal recently declared a quarterly dividend of $1.63, up from $1.18, with a dividend yield of 5.0% and a payout ratio of 58.63%.
• Analysts have mixed views on BMO, with ratings ranging from "sell" to "strong-buy", while Royal Bank of Canada raised its price target to $168.00.

Mn Services Vermogensbeheer B.V. lifted its holdings in shares of Bank Of Montreal (NYSE:BMO - Free Report) TSE: BMO by 3.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,100 shares of the bank's stock after purchasing an additional 4,200 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Bank Of Montreal were worth $15,384,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Cary Street Partners Investment Advisory LLC grew 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 worth $26,000 after purchasing an additional 190 shares in the last quarter. Bayforest Capital Ltd purchased a new stake in Bank Of Montreal in the first quarter worth approximately $34,000. Truvestments Capital LLC purchased a new stake in Bank Of Montreal in the first quarter worth approximately $39,000. CX Institutional purchased a new stake in Bank Of Montreal in the first quarter worth approximately $42,000. Finally, HM Payson & Co. purchased a new stake in Bank Of Montreal in the first quarter worth approximately $42,000. Hedge funds and other institutional investors own 45.82% of the company's stock.

Bank Of Montreal Trading Down 0.5%

BMO stock traded down $0.68 during midday trading on Monday, hitting $129.64. The company had a trading volume of 408,833 shares, compared to its average volume of 713,946. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.11. Bank Of Montreal has a 52 week low of $85.40 and a 52 week high of $131.26. The stock's 50 day moving average price is $118.05 and its 200 day moving average price is $107.09. The stock has a market cap of $92.67 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 1.33 and a beta of 1.04.

Bank Of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last announced its quarterly earnings data on Tuesday, August 26th. The bank reported $2.33 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.21. Bank Of Montreal had a return on equity of 10.57% and a net margin of 11.00%.The firm had revenue of $6.51 billion during the quarter, compared to the consensus estimate of $8.84 billion. During the same quarter in the previous year, the company posted $2.64 earnings per share. The business's revenue was up 9.7% on a year-over-year basis. As a group, equities research analysts expect that Bank Of Montreal will post 7.71 earnings per share for the current fiscal year.

Bank Of Montreal Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, October 30th will be issued a dividend of $1.63 per share. This is a boost from Bank Of Montreal's previous quarterly dividend of $1.18. This represents a $6.52 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Thursday, October 30th. Bank Of Montreal's dividend payout ratio is currently 58.63%.

Wall Street Analysts Forecast Growth

BMO has been the subject of several research reports. National Bankshares reaffirmed an "outperform" rating on shares of Bank Of Montreal in a research note on Friday, August 15th. UBS Group reaffirmed a "neutral" rating on shares of Bank Of Montreal in a research note on Wednesday, August 27th. Royal Bank Of Canada upped their target price on Bank Of Montreal from $161.00 to $168.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 27th. Cibc World Mkts raised Bank Of Montreal from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 5th. Finally, CIBC raised Bank Of Montreal from a "neutral" rating to a "sector outperform" rating in a research note on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $168.00.

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.