Bank Of Montreal (NYSE:BMO) Holdings Raised by Value Partners Investments Inc.

Value Partners Investments Inc. increased its stake in Bank Of Montreal (NYSE:BMO - Free Report) TSE: BMO by 803.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 508,135 shares of the bank's stock after acquiring an additional 451,881 shares during the period. Bank Of Montreal makes up 4.2% of Value Partners Investments Inc.'s investment portfolio, making the stock its 10th largest position. Value Partners Investments Inc. owned about 0.07% of Bank Of Montreal worth $48,573,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. IFP Advisors Inc boosted its position in shares of Bank Of Montreal by 179.5% in the fourth quarter. IFP Advisors Inc now owns 313 shares of the bank's stock worth $30,000 after acquiring an additional 201 shares during the last quarter. Addison Advisors LLC boosted its position in shares of Bank Of Montreal by 282.8% in the fourth quarter. Addison Advisors LLC now owns 333 shares of the bank's stock worth $32,000 after acquiring an additional 246 shares during the last quarter. Vision Financial Markets LLC acquired a new stake in shares of Bank Of Montreal in the fourth quarter worth approximately $39,000. Dunhill Financial LLC acquired a new stake in shares of Bank Of Montreal in the fourth quarter worth approximately $39,000. Finally, CX Institutional acquired a new stake in shares of Bank Of Montreal in the first quarter worth approximately $42,000. 45.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BMO has been the topic of several research analyst reports. CIBC reissued a "neutral" rating on shares of Bank Of Montreal in a research report on Tuesday, May 20th. Barclays lowered shares of Bank Of Montreal from an "overweight" rating to an "equal weight" rating in a report on Monday, June 9th. Scotiabank assumed coverage on shares of Bank Of Montreal in a report on Thursday, May 15th. They issued a "sector perform" rating on the stock. Finally, Cibc World Mkts lowered shares of Bank Of Montreal from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $129.50.

Bank Of Montreal Trading Down 0.0%

NYSE BMO traded down $0.04 during mid-day trading on Friday, hitting $109.06. The company's stock had a trading volume of 610,568 shares, compared to its average volume of 824,289. Bank Of Montreal has a 52-week low of $76.98 and a 52-week high of $109.83. The stock's fifty day simple moving average is $102.99 and its two-hundred day simple moving average is $99.40. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $78.55 billion, a P/E ratio of 14.15, a price-to-earnings-growth ratio of 1.20 and a beta of 1.08.

Bank Of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last announced its earnings results on Wednesday, May 28th. The bank reported $1.84 earnings per share for the quarter, meeting the consensus estimate of $1.84. The business had revenue of $6.32 billion during the quarter, compared to the consensus estimate of $8.79 billion. Bank Of Montreal had a net margin of 10.25% and a return on equity of 10.15%. The business's quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.59 earnings per share. Research analysts expect that Bank Of Montreal will post 7.71 EPS for the current year.

Bank Of Montreal Increases Dividend

The company also recently declared 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 an increase from Bank Of Montreal's previous quarterly dividend of $1.11. The ex-dividend date is Wednesday, July 30th. This represents a $4.72 annualized dividend and a yield of 4.33%. Bank Of Montreal's payout ratio is 57.33%.

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.