3,108 Shares in Bank of Montreal (NYSE:BMO) Acquired by Murphy & Mullick Capital Management Corp

Murphy & Mullick Capital Management Corp bought a new stake in shares of Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,108 shares of the bank's stock, valued at approximately $302,000.

Several other institutional investors also recently bought and sold shares of BMO. IFP Advisors Inc boosted its position in shares of Bank of Montreal by 179.5% in the 4th quarter. IFP Advisors Inc now owns 313 shares of the bank's stock worth $30,000 after purchasing an additional 201 shares in the last quarter. Addison Advisors LLC boosted its holdings in Bank of Montreal by 282.8% in the fourth quarter. Addison Advisors LLC now owns 333 shares of the bank's stock worth $32,000 after acquiring an additional 246 shares in the last quarter. Vision Financial Markets LLC purchased a new stake in shares of Bank of Montreal during the fourth quarter worth about $39,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Bank of Montreal during the third quarter worth $45,000. Finally, First Horizon Advisors Inc. grew 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 valued at $59,000 after buying an additional 358 shares during the last quarter. 45.82% of the stock is currently owned by institutional investors and hedge funds.

Bank of Montreal Price Performance

BMO traded down $1.77 during trading on Friday, reaching $95.26. The company's stock had a trading volume of 588,322 shares, compared to its average volume of 851,849. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. The firm has a fifty day simple moving average of $99.30 and a two-hundred day simple moving average of $95.89. The company has a market cap of $69.26 billion, a price-to-earnings ratio of 13.65, a PEG ratio of 1.43 and a beta of 1.07. Bank of Montreal has a 1 year low of $76.98 and a 1 year high of $106.00.

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Bank of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last announced its quarterly earnings data on Tuesday, February 25th. The bank reported $3.04 EPS for the quarter, topping analysts' consensus estimates of $1.68 by $1.36. The firm had revenue of $9.27 billion for the quarter, compared to the consensus estimate of $8.58 billion. Bank of Montreal had a return on equity of 10.18% and a net margin of 9.22%. The firm's revenue was up 20.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.56 earnings per share. 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 disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Investors of record on Tuesday, April 29th will be issued a $1.1094 dividend. This represents a $4.44 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date is Tuesday, April 29th. Bank of Montreal's dividend payout ratio is currently 57.09%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BMO. Scotiabank raised Bank of Montreal from a "sector perform" rating to a "sector outperform" rating in a research report on Friday, December 6th. CIBC raised 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 price target on shares of Bank of Montreal from $161.00 to $163.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. StockNews.com upgraded shares of Bank of Montreal from a "sell" rating to a "hold" rating in a research note on Friday, February 28th. Finally, 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. Seven research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $128.40.

About Bank of Montreal

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.