Mn Services Vermogensbeheer B.V. Has $12.88 Million Stake in Bank Of Montreal (NYSE:BMO)

Mn Services Vermogensbeheer B.V. reduced its position in shares of Bank Of Montreal (NYSE:BMO - Free Report) TSE: BMO by 14.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 134,900 shares of the bank's stock after selling 22,600 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Bank Of Montreal were worth $12,880,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in BMO. North Star Asset Management Inc. grew its position in shares of Bank Of Montreal by 1.2% during the 4th quarter. North Star Asset Management Inc. now owns 8,422 shares of the bank's stock valued at $817,000 after buying an additional 100 shares during the last quarter. Valeo Financial Advisors LLC boosted its stake in Bank Of Montreal by 4.6% in the fourth quarter. Valeo Financial Advisors LLC now owns 2,865 shares of the bank's stock valued at $278,000 after acquiring an additional 125 shares during the period. Wealthspire Advisors LLC grew its holdings in shares of Bank Of Montreal by 2.0% during the fourth quarter. Wealthspire Advisors LLC now owns 6,355 shares of the bank's stock valued at $617,000 after purchasing an additional 125 shares during the last quarter. Rhumbline Advisers raised its position in shares of Bank Of Montreal by 16.2% during the 4th quarter. Rhumbline Advisers now owns 1,049 shares of the bank's stock worth $102,000 after purchasing an additional 146 shares during the period. Finally, Lindbrook Capital LLC raised its position in shares of Bank Of Montreal by 6.0% during the 4th quarter. Lindbrook Capital LLC now owns 2,745 shares of the bank's stock worth $266,000 after purchasing an additional 155 shares during the period. 45.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BMO has been the topic of several analyst reports. Barclays lowered shares of Bank Of Montreal from an "overweight" rating to an "equal weight" rating in a research note on Monday, June 9th. Cibc World Mkts lowered Bank Of Montreal from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Royal Bank Of Canada increased their price target on Bank Of Montreal from $161.00 to $163.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 26th. Scotiabank began coverage on shares of Bank Of Montreal in a research note on Thursday, May 15th. They set a "sector perform" rating on the stock. Finally, Wall Street Zen raised shares of Bank Of Montreal from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Nine equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $129.50.

Bank Of Montreal Stock Down 0.0%

Shares of BMO traded down $0.01 during mid-day trading on Thursday, reaching $106.20. The company's stock had a trading volume of 397,768 shares, compared to its average volume of 827,914. The company has a market cap of $76.69 billion, a price-to-earnings ratio of 13.77, a price-to-earnings-growth ratio of 1.17 and a beta of 1.08. The business has a fifty day moving average of $100.92 and a 200 day moving average of $99.01. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.12. Bank Of Montreal has a 1 year low of $76.98 and a 1 year high of $109.10.

Bank Of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last announced its quarterly earnings data on Wednesday, May 28th. The bank reported $1.84 earnings per share (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 firm had revenue of $6.32 billion during the quarter, compared to the consensus estimate of $8.79 billion. During the same period in the prior year, the business earned $2.59 EPS. The business's revenue for the quarter was up 8.8% on a year-over-year basis. As a group, analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Wednesday, July 30th will be paid a $1.1801 dividend. The ex-dividend date is Wednesday, July 30th. This represents a $4.72 dividend on an annualized basis and a yield of 4.44%. This is an increase from Bank Of Montreal's previous quarterly dividend of $1.11. Bank Of Montreal's payout ratio is 61.48%.

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.