Public Employees Retirement System of Ohio Purchases Shares of 59,739 Bank Of Montreal $BMO

Public Employees Retirement System of Ohio bought a new position in Bank Of Montreal (NYSE:BMO - Free Report) TSE: BMO during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 59,739 shares of the bank's stock, valued at approximately $10,555,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its holdings in shares of Bank Of Montreal by 1.9% in the 2nd quarter. Versant Capital Management Inc now owns 4,241 shares of the bank's stock worth $749,000 after purchasing an additional 78 shares during the period. Larson Financial Group LLC increased its position in Bank Of Montreal by 33.2% during the 4th quarter. Larson Financial Group LLC now owns 317 shares of the bank's stock worth $41,000 after purchasing an additional 79 shares in the last quarter. Naples Global Advisors LLC increased its position in Bank Of Montreal by 0.5% during the 4th quarter. Naples Global Advisors LLC now owns 17,780 shares of the bank's stock worth $2,308,000 after purchasing an additional 80 shares in the last quarter. Checchi Capital Advisers LLC raised its holdings in Bank Of Montreal by 2.9% in the first quarter. Checchi Capital Advisers LLC now owns 3,141 shares of the bank's stock valued at $425,000 after buying an additional 88 shares during the period. Finally, Turn8 Private Wealth Inc. lifted its position in Bank Of Montreal by 0.8% during the first quarter. Turn8 Private Wealth Inc. now owns 11,215 shares of the bank's stock valued at $1,514,000 after buying an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 45.82% of the company's stock.

Bank Of Montreal Price Performance

BMO opened at $170.39 on Tuesday. Bank Of Montreal has a twelve month low of $118.66 and a twelve month high of $187.22. The firm has a market cap of $118.79 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 1.02 and a beta of 0.94. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.10. The company has a fifty day simple moving average of $177.88 and a 200 day simple moving average of $159.69.

Bank Of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last issued its quarterly earnings data on Tuesday, August 25th. The bank reported $2.84 EPS for the quarter, topping analysts' consensus estimates of $2.71 by $0.13. The firm had revenue of $7.10 billion for the quarter, compared to analyst estimates of $6.94 billion. Bank Of Montreal had a net margin of 11.72% and a return on equity of 13.60%. The firm's revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.23 EPS. Equities research analysts expect that Bank Of Montreal will post 10.76 EPS for the current fiscal year.

Bank Of Montreal Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 26th. Investors of record on Friday, October 30th will be paid a $1.71 dividend. The ex-dividend date is Friday, October 30th. This represents a $6.84 annualized dividend and a dividend yield of 4.0%. Bank Of Montreal's payout ratio is 54.29%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BMO shares. Royal Bank Of Canada reissued a "sector perform" rating on shares of Bank Of Montreal in a research report on Thursday. Canadian Imperial Bank of Commerce lowered shares of Bank Of Montreal from a "sector outperform" rating to a "neutral" rating in a report on Tuesday, August 18th. Scotiabank reiterated an "outperform" rating on shares of Bank Of Montreal in a report on Wednesday, August 26th. Barclays reissued an "underweight" rating on shares of Bank Of Montreal in a research report on Friday, August 21st. Finally, Desjardins restated a "hold" rating on shares of Bank Of Montreal in a research note on Thursday, May 28th. Five research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Bank Of Montreal presently has an average rating of "Hold" and a consensus price target of $163.00.

Bank Of Montreal Profile

Bank of Montreal NYSE: BMO, commonly known as BMO Financial Group, is one of Canada's largest and longest-established banks. Founded in Montreal and headquartered in Montreal, Quebec, the bank provides a broad range of financial services to retail, commercial, corporate and institutional clients. BMO is publicly listed in both Canada and the United States and operates under a consolidated financial services model that integrates banking, capital markets, wealth management and asset management activities.

BMO's core businesses include personal and commercial banking—offering checking and savings accounts, lending, mortgages, and small-business services—alongside wealth management and private banking through its asset and investment management divisions.

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