5,700 Shares in Bank Of Montreal (NYSE:BMO) Bought by MQS Management LLC

MQS Management LLC acquired a new stake in shares of Bank Of Montreal (NYSE:BMO - Free Report) TSE: BMO during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,700 shares of the bank's stock, valued at approximately $544,000.

Several other institutional investors also recently modified their holdings of BMO. North Star Asset Management Inc. increased its stake in Bank Of Montreal by 1.2% in the 4th quarter. North Star Asset Management Inc. now owns 8,422 shares of the bank's stock worth $817,000 after acquiring an additional 100 shares during the last quarter. Oppenheimer & Co. Inc. increased its stake in Bank Of Montreal by 2.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 4,717 shares of the bank's stock worth $451,000 after acquiring an additional 120 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in Bank Of Montreal by 5.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,797 shares of the bank's stock worth $363,000 after acquiring an additional 196 shares during the last quarter. Grove Bank & Trust increased its stake in Bank Of Montreal by 39.2% in the 1st quarter. Grove Bank & Trust now owns 710 shares of the bank's stock worth $68,000 after acquiring an additional 200 shares during the last quarter. Finally, Maryland State Retirement & Pension System increased its stake in Bank Of Montreal by 0.5% in the 4th quarter. Maryland State Retirement & Pension System now owns 43,093 shares of the bank's stock worth $4,182,000 after acquiring an additional 210 shares during the last quarter. 45.82% of the stock is owned by hedge funds and other institutional investors.

Bank Of Montreal Stock Up 1.0%

Shares of BMO stock traded up $1.10 during mid-day trading on Wednesday, hitting $113.69. The stock had a trading volume of 395,366 shares, compared to its average volume of 797,342. Bank Of Montreal has a 12-month low of $76.98 and a 12-month high of $116.44. The firm has a market capitalization of $81.67 billion, a P/E ratio of 14.75, a price-to-earnings-growth ratio of 1.24 and a beta of 1.07. The firm's 50-day moving average is $107.09 and its two-hundred day moving average is $100.68. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.00 and a quick ratio of 1.00.

Bank Of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last issued its earnings results on Wednesday, May 28th. The bank reported $1.84 earnings per share 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 business had revenue of $6.32 billion during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. On average, analysts predict 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 disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Wednesday, July 30th will be paid a dividend of $1.1801 per share. 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 4.15%. The ex-dividend date of this dividend is Wednesday, July 30th. Bank Of Montreal's dividend payout ratio is 57.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BMO shares. CIBC reiterated a "neutral" rating on shares of Bank Of Montreal in a report on Tuesday, May 20th. Barclays cut Bank Of Montreal from an "overweight" rating to an "equal weight" rating in a report on Monday, June 9th. Cibc World Mkts cut Bank Of Montreal from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Finally, Scotiabank started coverage on Bank Of Montreal in a report on Thursday, May 15th. They issued a "sector perform" rating for the company. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Bank Of Montreal presently has a consensus rating of "Hold" and a consensus target price of $129.50.

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.