TABR Capital Management LLC Acquires New Position in Bank Of Montreal $BMO

Key Points

• TABR Capital Management bought a new Q4 position in Bank of Montreal (BMO) of 18,858 shares, valued at about $2.45 million.
• BMO beat quarterly expectations (EPS $2.51 vs. $2.35; revenue $7.21B) and declared a quarterly dividend of $1.67 (annualized $6.68), implying a 5.0% yield.
• Analyst sentiment is mixed, but MarketBeat shows a consensus rating of “Moderate Buy” with a $163 consensus target price.

TABR Capital Management LLC bought a new position in Bank Of Montreal (NYSE:BMO - Free Report) TSE: BMO in the fourth quarter, according to its most recent filing with the SEC. The firm bought 18,858 shares of the bank's stock, valued at approximately $2,448,000.

Other large investors also recently bought and sold shares of the company. True Wealth Design LLC acquired a new stake in shares of Bank Of Montreal during the third quarter worth $28,000. Larson Financial Group LLC increased its position in shares of Bank Of Montreal by 466.7% in the 3rd quarter. Larson Financial Group LLC now owns 238 shares of the bank's stock valued at $31,000 after acquiring an additional 196 shares during the period. WFA of San Diego LLC purchased a new position in Bank Of Montreal in the 2nd quarter worth $28,000. Sunbelt Securities Inc. purchased a new position in Bank Of Montreal in the 3rd quarter worth $42,000. Finally, Toth Financial Advisory Corp acquired a new stake in Bank Of Montreal during the 3rd quarter worth about $52,000. Hedge funds and other institutional investors own 45.82% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on BMO. Zacks Research raised Bank Of Montreal from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 19th. Scotiabank reaffirmed a "sector perform" rating on shares of Bank Of Montreal in a report on Friday, January 9th. Wall Street Zen upgraded Bank Of Montreal from a "sell" rating to a "hold" rating in a research report on Sunday, February 8th. Jefferies Financial Group reiterated a "hold" rating on shares of Bank Of Montreal in a report on Wednesday, February 25th. Finally, Barclays lowered shares of Bank Of Montreal from an "equal weight" rating to an "underweight" rating in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $163.00.

Bank Of Montreal Price Performance

Shares of BMO opened at $133.85 on Monday. The business's 50-day moving average is $140.27 and its two-hundred day moving average is $131.98. The company has a market capitalization of $94.53 billion, a P/E ratio of 15.55, a P/E/G ratio of 0.92 and a beta of 0.92. Bank Of Montreal has a fifty-two week low of $85.40 and a fifty-two week high of $149.01. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.02.

Bank Of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last issued its quarterly earnings data on Wednesday, February 25th. The bank reported $2.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $0.16. Bank Of Montreal had a return on equity of 12.16% and a net margin of 11.76%.The business had revenue of $7.21 billion during the quarter, compared to analysts' expectations of $6.73 billion. During the same quarter in the previous year, the firm posted $3.04 EPS. The company's revenue for the quarter was up 6.0% on a year-over-year basis. Research analysts predict that Bank Of Montreal will post 7.71 earnings per share for the current year.

Bank Of Montreal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Wednesday, April 29th will be issued a $1.67 dividend. The ex-dividend date of this dividend is Wednesday, April 29th. This represents a $6.68 dividend on an annualized basis and a yield of 5.0%. Bank Of Montreal's payout ratio is presently 56.56%.

About Bank Of Montreal

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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