Bank of Montreal (NYSE:BMO) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in shares of Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO by 29.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,297,626 shares of the bank's stock after buying an additional 975,777 shares during the quarter. Geode Capital Management LLC owned approximately 0.59% of Bank of Montreal worth $422,450,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Thrivent Financial for Lutherans raised its position in shares of Bank of Montreal by 6.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,667 shares of the bank's stock valued at $331,000 after buying an additional 209 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Bank of Montreal by 47.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,057 shares of the bank's stock valued at $366,000 after purchasing an additional 1,314 shares in the last quarter. Benjamin Edwards Inc. bought a new position in shares of Bank of Montreal in the 3rd quarter worth approximately $357,000. Quantinno Capital Management LP lifted its position in Bank of Montreal by 9.6% during the third quarter. Quantinno Capital Management LP now owns 9,122 shares of the bank's stock valued at $823,000 after buying an additional 802 shares during the period. Finally, Stifel Financial Corp grew its holdings in Bank of Montreal by 2.4% in the third quarter. Stifel Financial Corp now owns 146,232 shares of the bank's stock worth $13,190,000 after purchasing an additional 3,496 shares during the period. 45.82% of the stock is owned by institutional investors.

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Bank of Montreal Trading Down 3.7 %

NYSE BMO traded down $3.38 during trading on Thursday, hitting $88.34. The stock had a trading volume of 311,521 shares, compared to its average volume of 647,272. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. Bank of Montreal has a twelve month low of $76.98 and a twelve month high of $106.00. The company has a market capitalization of $64.22 billion, a PE ratio of 12.68, a PEG ratio of 1.43 and a beta of 0.95. The firm has a 50 day moving average price of $97.72 and a 200 day moving average price of $96.18.

Bank of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last announced its earnings results on Tuesday, February 25th. The bank reported $3.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $8.58 billion. During the same period in the prior year, the firm earned $2.56 EPS. The business's revenue was up 20.8% on a year-over-year basis. As a group, equities research analysts forecast that Bank of Montreal will post 7.71 earnings per share for the current year.

Bank of Montreal Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, April 29th will be given a dividend of $1.1094 per share. The ex-dividend date is Tuesday, April 29th. This represents a $4.44 annualized dividend and a dividend yield of 5.02%. Bank of Montreal's dividend payout ratio is currently 57.09%.

Wall Street Analyst Weigh In

BMO has been the subject of several research analyst reports. StockNews.com upgraded Bank of Montreal from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Cibc World Mkts cut shares of Bank of Montreal from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Royal Bank of Canada upped their target price on shares of Bank of Montreal from $161.00 to $163.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 26th. Finally, CIBC downgraded Bank of Montreal from a "sector outperform" rating to a "neutral" rating in a research note on Friday, April 4th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Bank of Montreal has an average rating of "Hold" and a consensus target price of $128.40.

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.