UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC Has $95.75 Million Stake in Bank Of Montreal $BMO

Key Points

• UBS Asset Management Americas LLC increased its holdings in Bank Of Montreal by 7.1%, owning 1,002,463 shares worth approximately $95.7 million at the end of the first quarter.
• Bank Of Montreal's quarterly dividend will increase to $1.63, with an expected annual yield of 5.2%, to be paid on November 26th.
• Bank Of Montreal reported an earnings per share of $2.33 for the last quarter, surpassing expectations by $0.21, while total revenue was $6.51 billion.

UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Bank Of Montreal (NYSE:BMO - Free Report) TSE: BMO by 7.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,002,463 shares of the bank's stock after purchasing an additional 66,838 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC owned approximately 0.14% of Bank Of Montreal worth $95,745,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Brooklyn FI LLC purchased a new stake in shares of Bank Of Montreal in the fourth quarter worth $214,000. Captrust Financial Advisors raised its stake in shares of Bank Of Montreal by 177.4% in the fourth quarter. Captrust Financial Advisors now owns 8,325 shares of the bank's stock valued at $808,000 after acquiring an additional 5,324 shares during the period. Focus Partners Wealth raised its stake in shares of Bank Of Montreal by 122.7% in the fourth quarter. Focus Partners Wealth now owns 7,527 shares of the bank's stock valued at $731,000 after acquiring an additional 4,147 shares during the period. Janus Henderson Group PLC increased its stake in Bank Of Montreal by 7.9% in the 4th quarter. Janus Henderson Group PLC now owns 76,763 shares of the bank's stock worth $7,445,000 after buying an additional 5,600 shares during the period. Finally, Man Group plc increased its stake in Bank Of Montreal by 52.1% in the 4th quarter. Man Group plc now owns 52,757 shares of the bank's stock worth $5,120,000 after buying an additional 18,075 shares during the period. 45.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. UBS Group restated a "neutral" rating on shares of Bank Of Montreal in a report on Wednesday, August 27th. Wall Street Zen lowered shares of Bank Of Montreal from a "hold" rating to a "sell" rating in a report on Saturday, August 30th. National Bankshares reaffirmed an "outperform" rating on shares of Bank Of Montreal in a research note on Friday, August 15th. Barclays cut shares of Bank Of Montreal from an "overweight" rating to an "equal weight" rating in a research report on Monday, June 9th. Finally, Cibc World Mkts raised shares of Bank Of Montreal from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 5th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $168.00.

Bank Of Montreal Stock Performance

Shares of NYSE BMO traded up $0.25 during trading on Wednesday, reaching $130.12. The stock had a trading volume of 284,105 shares, compared to its average volume of 668,091. Bank Of Montreal has a one year low of $85.40 and a one year high of $131.26. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.00 and a current ratio of 1.00. The stock has a market cap of $93.21 billion, a PE ratio of 15.95, a P/E/G ratio of 1.31 and a beta of 1.04. The firm's 50 day moving average price is $116.77 and its two-hundred day moving average price is $106.20.

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 (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.21. The firm had revenue of $6.51 billion during the quarter, compared to the consensus estimate of $8.84 billion. Bank Of Montreal had a return on equity of 10.57% and a net margin of 11.00%.The business's revenue for the quarter was up 9.7% on a year-over-year basis. During the same period in the prior year, the business earned $2.64 EPS. On average, research analysts forecast that Bank Of Montreal will post 7.71 earnings per share for the current fiscal year.

Bank Of Montreal Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Thursday, October 30th will be issued a dividend of $1.63 per share. The ex-dividend date of this dividend is Thursday, October 30th. This represents a $6.52 dividend on an annualized basis and a yield of 5.0%. This is a positive change from Bank Of Montreal's previous quarterly dividend of $1.18. Bank Of Montreal's payout ratio is 58.63%.

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.