Mn Services Vermogensbeheer B.V. Sells 22,600 Shares of Bank of Montreal (NYSE:BMO)

Mn Services Vermogensbeheer B.V. reduced its holdings in Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO by 14.3% in the first quarter, according to its most recent filing with the Securities & 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in BMO. IFP Advisors Inc grew its holdings in Bank of Montreal by 179.5% during the 4th quarter. IFP Advisors Inc now owns 313 shares of the bank's stock valued at $30,000 after purchasing an additional 201 shares during the last quarter. Addison Advisors LLC lifted its holdings in shares of Bank of Montreal by 282.8% in the 4th quarter. Addison Advisors LLC now owns 333 shares of the bank's stock worth $32,000 after buying an additional 246 shares during the period. Vision Financial Markets LLC bought a new position in Bank of Montreal during the 4th quarter worth about $39,000. Dunhill Financial LLC bought a new position in shares of Bank of Montreal during the fourth quarter valued at approximately $39,000. Finally, CX Institutional purchased a new position in shares of Bank of Montreal in the 1st quarter valued at $42,000. Hedge funds and other institutional investors own 45.82% of the company's stock.

Bank of Montreal Stock Down 1.3%

BMO stock opened at $106.94 on Monday. Bank of Montreal has a 12 month low of $76.98 and a 12 month high of $109.10. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11. The company has a market cap of $77.22 billion, a price-to-earnings ratio of 15.32, a PEG ratio of 1.43 and a beta of 1.08. The firm has a 50-day moving average of $99.96 and a two-hundred day moving average of $98.83.

Bank of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last posted its earnings results on Wednesday, May 28th. The bank reported $1.84 earnings per share for the quarter, meeting the consensus estimate of $1.84. The company had revenue of $6.32 billion for the quarter, compared to analyst estimates of $8.79 billion. Bank of Montreal had a net margin of 9.22% and a return on equity of 10.18%. Bank of Montreal's revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.59 EPS. 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Wednesday, July 30th will be given a dividend of $1.1801 per share. The ex-dividend date of this dividend is Wednesday, July 30th. This is a boost from Bank of Montreal's previous quarterly dividend of $1.11. This represents a $4.72 dividend on an annualized basis and a dividend yield of 4.41%. Bank of Montreal's dividend payout ratio (DPR) is currently 61.48%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Royal Bank of Canada increased 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. Scotiabank started coverage on shares of Bank of Montreal in a research note on Thursday, May 15th. They set a "sector perform" rating for the company. Cibc World Mkts lowered Bank of Montreal from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Wall Street Zen raised shares of Bank of Montreal from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Finally, Barclays downgraded Bank of Montreal from an "overweight" rating to an "equal weight" rating in a research note on Monday, June 9th. Nine equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $129.50.

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.

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