XTX Topco Ltd Has $2.34 Million Position in Bank Of Montreal (NYSE:BMO)

XTX Topco Ltd raised its stake in Bank Of Montreal (NYSE:BMO - Free Report) TSE: BMO by 315.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,453 shares of the bank's stock after acquiring an additional 18,565 shares during the period. XTX Topco Ltd's holdings in Bank Of Montreal were worth $2,336,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its holdings in Bank Of Montreal by 42.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 6,838,171 shares of the bank's stock worth $664,742,000 after purchasing an additional 2,044,862 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Bank Of Montreal by 15.4% in the 4th quarter. Mackenzie Financial Corp now owns 12,215,628 shares of the bank's stock worth $1,184,636,000 after buying an additional 1,630,962 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of Bank Of Montreal by 1,527.7% in the fourth quarter. Federated Hermes Inc. now owns 1,160,494 shares of the bank's stock valued at $112,626,000 after buying an additional 1,089,199 shares during the period. Toronto Dominion Bank boosted its stake in Bank Of Montreal by 8.6% during the fourth quarter. Toronto Dominion Bank now owns 12,833,065 shares of the bank's stock valued at $1,244,284,000 after buying an additional 1,020,712 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Bank Of Montreal by 29.4% during the fourth quarter. Geode Capital Management LLC now owns 4,297,626 shares of the bank's stock worth $422,450,000 after acquiring an additional 975,777 shares during the period. 45.82% of the stock is owned by institutional investors and hedge funds.

Bank Of Montreal Price Performance

BMO stock traded down $2.09 during midday trading on Wednesday, reaching $111.20. 636,072 shares of the company's stock traded hands, compared to its average volume of 782,096. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.12. The company has a market cap of $79.88 billion, a price-to-earnings ratio of 14.42, a PEG ratio of 1.24 and a beta of 1.07. The company has a 50-day simple moving average of $109.63 and a two-hundred day simple moving average of $101.86. Bank Of Montreal has a 1-year low of $76.98 and a 1-year high of $115.66.

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

Bank Of Montreal Increases Dividend

The business 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. This is a positive change from Bank Of Montreal's previous quarterly dividend of $1.11. This represents a $4.72 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend is Wednesday, July 30th. Bank Of Montreal's payout ratio is presently 57.33%.

Wall Street Analysts Forecast Growth

BMO has been the topic of several research reports. Cibc World Mkts cut shares of Bank Of Montreal from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. CIBC reiterated a "neutral" rating on shares of Bank Of Montreal in a report on Tuesday, May 20th. Barclays lowered shares of Bank Of Montreal from an "overweight" rating to an "equal weight" rating in a research note on Monday, June 9th. Wall Street Zen lowered shares of Bank Of Montreal from a "hold" rating to a "sell" rating in a research report on Friday, July 18th. Finally, Scotiabank started coverage on Bank Of Montreal in a research report on Thursday, May 15th. They set a "sector perform" rating for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $129.50.

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.