Duality Advisers LP Takes Position in Bank of Montreal (NYSE:BMO)

Duality Advisers LP purchased a new stake in shares of Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 11,999 shares of the bank's stock, valued at approximately $1,187,000.

Other institutional investors and hedge funds have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its holdings in shares of Bank of Montreal by 192.1% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 333 shares of the bank's stock valued at $28,000 after buying an additional 219 shares during the period. Compagnie Lombard Odier SCmA acquired a new position in shares of Bank of Montreal in the 3rd quarter valued at about $29,000. Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of Bank of Montreal in the 3rd quarter valued at about $33,000. Crewe Advisors LLC lifted its holdings in shares of Bank of Montreal by 63.5% in the 3rd quarter. Crewe Advisors LLC now owns 515 shares of the bank's stock valued at $43,000 after buying an additional 200 shares during the period. Finally, Global Retirement Partners LLC lifted its holdings in shares of Bank of Montreal by 177.4% in the 4th quarter. Global Retirement Partners LLC now owns 527 shares of the bank's stock valued at $50,000 after buying an additional 337 shares during the period. Institutional investors and hedge funds own 45.82% of the company's stock.

Bank of Montreal Price Performance

NYSE:BMO traded down $0.98 during trading hours on Wednesday, hitting $92.84. 348,887 shares of the stock were exchanged, compared to its average volume of 667,691. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.12. The firm's fifty day moving average price is $94.27 and its 200 day moving average price is $90.07. The company has a market cap of $67.70 billion, a P/E ratio of 17.72, a P/E/G ratio of 1.78 and a beta of 1.13. Bank of Montreal has a 52-week low of $73.98 and a 52-week high of $100.12.

Bank of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last issued its quarterly earnings data on Tuesday, February 27th. The bank reported $1.90 earnings per share for the quarter, missing the consensus estimate of $2.24 by ($0.34). The business had revenue of $5.68 billion during the quarter, compared to analysts' expectations of $6.34 billion. Bank of Montreal had a return on equity of 11.89% and a net margin of 7.40%. As a group, equities research analysts anticipate that Bank of Montreal will post 8.94 EPS for the current fiscal year.

Bank of Montreal Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, April 29th will be given a $1.1172 dividend. This represents a $4.47 annualized dividend and a yield of 4.81%. This is a positive change from Bank of Montreal's previous quarterly dividend of $1.11. The ex-dividend date of this dividend is Friday, April 26th. Bank of Montreal's dividend payout ratio is presently 62.02%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Jefferies Financial Group started coverage on Bank of Montreal in a report on Thursday, February 22nd. They issued a "buy" rating for the company. Barclays started coverage on Bank of Montreal in a report on Wednesday, March 20th. They issued an "overweight" rating for the company. Finally, StockNews.com raised Bank of Montreal from a "sell" rating to a "hold" rating in a report on Sunday, March 3rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $131.00.

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.