Aviso Financial Inc. raised its holdings in Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO by 2.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,027,872 shares of the bank's stock after acquiring an additional 23,681 shares during the quarter. Bank of Montreal comprises approximately 5.0% of Aviso Financial Inc.'s holdings, making the stock its largest position. Aviso Financial Inc. owned about 0.14% of Bank of Montreal worth $99,763,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in BMO. IFP Advisors Inc increased its holdings in shares of Bank of Montreal by 179.5% during the 4th quarter. IFP Advisors Inc now owns 313 shares of the bank's stock valued at $30,000 after acquiring an additional 201 shares during the last quarter. Addison Advisors LLC boosted its stake in Bank of Montreal by 282.8% during the 4th quarter. Addison Advisors LLC now owns 333 shares of the bank's stock valued at $32,000 after purchasing an additional 246 shares during the period. Vision Financial Markets LLC acquired a new stake in Bank of Montreal in the 4th quarter valued at approximately $39,000. Wilmington Savings Fund Society FSB bought a new position in Bank of Montreal in the 3rd quarter worth approximately $45,000. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Bank of Montreal by 140.9% during the fourth quarter. First Horizon Advisors Inc. now owns 612 shares of the bank's stock worth $59,000 after buying an additional 358 shares during the last quarter. 45.82% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have recently issued reports on BMO shares. StockNews.com upgraded shares of Bank of Montreal from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Cibc World Mkts upgraded shares of Bank of Montreal from a "hold" rating to a "strong-buy" rating in a research report on Friday, December 6th. CIBC upgraded shares of Bank of Montreal from a "neutral" rating to a "sector outperform" rating in a report on Friday, December 6th. Royal Bank of Canada increased their target price on shares of Bank of Montreal from $161.00 to $163.00 and gave the company an "outperform" rating in a research note on Wednesday, February 26th. Finally, Scotiabank raised Bank of Montreal from a "sector perform" rating to a "sector outperform" rating in a report on Friday, December 6th. Seven investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $128.40.
View Our Latest Stock Report on Bank of Montreal
Bank of Montreal Price Performance
NYSE BMO traded down $0.42 during trading on Tuesday, reaching $97.60. 468,802 shares of the company traded hands, compared to its average volume of 787,648. Bank of Montreal has a 1-year low of $76.98 and a 1-year high of $106.00. The company has a market cap of $71.14 billion, a price-to-earnings ratio of 13.98, a P/E/G ratio of 1.43 and a beta of 1.07. The stock's 50 day moving average price is $99.47 and its two-hundred day moving average price is $95.08. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98.
Bank of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last released its quarterly earnings data on Tuesday, February 25th. The bank reported $3.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.68 by $1.36. Bank of Montreal had a return on equity of 10.18% and a net margin of 9.22%. The firm had revenue of $9.27 billion during the quarter, compared to analyst estimates of $8.58 billion. During the same period in the prior year, the company posted $2.56 earnings per share. The business's revenue for the quarter was up 20.8% compared to the same quarter last year. As a group, analysts anticipate that Bank of Montreal will post 7.71 EPS for the current year.
Bank of Montreal Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, April 29th will be issued a dividend of $1.1094 per share. This represents a $4.44 annualized dividend and a yield of 4.55%. The ex-dividend date is Tuesday, April 29th. Bank of Montreal's dividend payout ratio is currently 57.09%.
About Bank of Montreal
(
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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