Plancorp LLC Invests $211,000 in Bank Of Montreal $BMO

Plancorp LLC acquired a new stake in Bank Of Montreal (NYSE:BMO - Free Report) TSE: BMO in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,209 shares of the bank's stock, valued at approximately $211,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State of Wyoming lifted its stake in Bank Of Montreal by 237.4% in the first quarter. State of Wyoming now owns 14,254 shares of the bank's stock valued at $1,361,000 after buying an additional 10,029 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in Bank Of Montreal by 66.5% in the first quarter. Canada Pension Plan Investment Board now owns 3,676,637 shares of the bank's stock valued at $351,154,000 after buying an additional 1,469,084 shares during the last quarter. Baskin Financial Services Inc. lifted its stake in Bank Of Montreal by 134.2% in the first quarter. Baskin Financial Services Inc. now owns 7,428 shares of the bank's stock valued at $709,000 after buying an additional 4,256 shares during the last quarter. Code Waechter LLC purchased a new stake in Bank Of Montreal in the first quarter valued at approximately $282,000. Finally, Cetera Investment Advisers lifted its stake in Bank Of Montreal by 185.1% in the fourth quarter. Cetera Investment Advisers now owns 55,745 shares of the bank's stock valued at $5,410,000 after buying an additional 36,195 shares during the last quarter. Hedge funds and other institutional investors own 45.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on BMO shares. UBS Group reissued a "neutral" rating on shares of Bank Of Montreal in a report on Wednesday, August 27th. National Bankshares reissued an "outperform" rating on shares of Bank Of Montreal in a report on Friday, August 15th. Royal Bank Of Canada boosted their target price on Bank Of Montreal from $161.00 to $168.00 and gave the company an "outperform" rating in a report on Wednesday, August 27th. Scotiabank reissued a "sector perform" rating on shares of Bank Of Montreal in a report on Wednesday, August 27th. Finally, CIBC raised Bank Of Montreal from a "neutral" rating to a "sector outperform" rating in a report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $168.00.

Bank Of Montreal Price Performance

BMO stock traded down $0.41 on Friday, reaching $126.36. 320,137 shares of the company's stock were exchanged, compared to its average volume of 663,061. The stock has a fifty day moving average of $116.10 and a 200-day moving average of $105.84. Bank Of Montreal has a twelve month low of $85.20 and a twelve month high of $127.37. The firm has a market cap of $90.52 billion, a PE ratio of 15.47, a P/E/G ratio of 1.30 and a beta of 1.04. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.11.

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, topping analysts' consensus estimates of $2.12 by $0.21. The firm had revenue of $6.51 billion for the quarter, compared to analyst estimates of $8.84 billion. Bank Of Montreal had a return on equity of 10.57% and a net margin of 11.00%.Bank Of Montreal's quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.64 earnings per share. As a group, equities analysts predict that Bank Of Montreal will post 7.71 EPS for the current fiscal year.

Bank Of Montreal Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Thursday, October 30th will be given a $1.63 dividend. This is an increase from Bank Of Montreal's previous quarterly dividend of $1.18. This represents a $6.52 annualized dividend and a dividend yield of 5.2%. The ex-dividend date is Thursday, October 30th. Bank Of Montreal's dividend payout ratio (DPR) is currently 57.53%.

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.