Virtu Financial LLC acquired a new position in shares of Bank Of Montreal (NYSE:BMO - Free Report) TSE: BMO in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,516 shares of the bank's stock, valued at approximately $336,000.
A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Bank Of Montreal by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 30,997,776 shares of the bank's stock worth $2,960,102,000 after buying an additional 503,027 shares during the last quarter. Toronto Dominion Bank boosted its stake in shares of Bank Of Montreal by 8.6% during the 4th quarter. Toronto Dominion Bank now owns 12,833,065 shares of the bank's stock worth $1,244,284,000 after buying an additional 1,020,712 shares during the last quarter. Mackenzie Financial Corp lifted its stake in Bank Of Montreal by 15.4% in the 4th quarter. Mackenzie Financial Corp now owns 12,215,628 shares of the bank's stock valued at $1,184,636,000 after purchasing an additional 1,630,962 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in Bank Of Montreal by 42.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 6,838,171 shares of the bank's stock valued at $664,742,000 after purchasing an additional 2,044,862 shares during the last quarter. Finally, JARISLOWSKY FRASER Ltd grew its holdings in Bank Of Montreal by 6.8% during the fourth quarter. JARISLOWSKY FRASER Ltd now owns 6,711,773 shares of the bank's stock worth $651,250,000 after purchasing an additional 426,442 shares during the period. 45.82% of the stock is currently owned by institutional investors and hedge funds.
Bank Of Montreal Trading Down 0.5%
NYSE:BMO opened at $114.08 on Friday. 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 50-day moving average of $111.17 and a 200-day moving average of $102.92. The company has a market cap of $81.72 billion, a PE ratio of 14.80, a PEG ratio of 1.25 and a beta of 1.07. Bank Of Montreal has a one year low of $81.13 and a one year high of $115.66.
Bank Of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last posted its earnings results on Wednesday, May 28th. The bank reported $1.84 EPS for the quarter, hitting the consensus estimate of $1.84. The company 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 firm's revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm posted $2.59 earnings per share. As a group, equities research analysts expect that Bank Of Montreal will post 7.71 EPS for the current fiscal year.
Bank Of Montreal Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Wednesday, July 30th will be given a dividend of $1.1801 per share. The ex-dividend date of this dividend is Wednesday, July 30th. This is a boost from Bank Of Montreal's previous quarterly dividend of $1.11. This represents a $4.72 annualized dividend and a dividend yield of 4.1%. Bank Of Montreal's payout ratio is presently 62.13%.
Analysts Set New Price Targets
A number of equities analysts recently commented on BMO shares. Barclays cut Bank Of Montreal from an "overweight" rating to an "equal weight" rating in a report on Monday, June 9th. CIBC restated a "neutral" rating on shares of Bank Of Montreal in a research report on Tuesday, May 20th. Wall Street Zen upgraded shares of Bank Of Montreal from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Scotiabank assumed coverage on shares of Bank Of Montreal in a report on Thursday, May 15th. They set a "sector perform" rating on the stock. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Bank Of Montreal presently has a consensus rating of "Hold" and an average target price of $129.50.
View Our Latest Research Report on BMO
Bank Of Montreal Profile
(
Free Report)
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.
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