Natixis Advisors LLC lifted its stake in Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO by 16.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,175 shares of the bank's stock after purchasing an additional 5,185 shares during the period. Natixis Advisors LLC's holdings in Bank of Montreal were worth $3,511,000 as of its most recent SEC filing.
Other large investors have also recently modified their holdings of the company. IFP Advisors Inc lifted its holdings in Bank of Montreal by 179.5% in the fourth quarter. IFP Advisors Inc now owns 313 shares of the bank's stock worth $30,000 after buying an additional 201 shares during the period. Addison Advisors LLC lifted its stake in shares of Bank of Montreal by 282.8% in 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 purchased a new stake in Bank of Montreal in the fourth quarter worth $39,000. Wilmington Savings Fund Society FSB bought a new position in Bank of Montreal in the third quarter worth $45,000. Finally, First Horizon Advisors Inc. lifted its position in 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 period. Institutional investors own 45.82% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on BMO. CIBC raised shares of Bank of Montreal from a "neutral" rating to a "sector outperform" rating in a research report on Friday, December 6th. StockNews.com upgraded shares of Bank of Montreal from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Cibc World Mkts upgraded Bank of Montreal from a "hold" rating to a "strong-buy" rating in a research note on Friday, December 6th. Scotiabank upgraded Bank of Montreal from a "sector perform" rating to a "sector outperform" rating in a research note on Friday, December 6th. Finally, Royal Bank of Canada raised their price target on Bank of Montreal from $161.00 to $163.00 and gave the company an "outperform" rating in a report on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $128.40.
Check Out Our Latest Stock Analysis on Bank of Montreal
Bank of Montreal Stock Performance
NYSE:BMO traded down $0.59 during mid-day trading on Wednesday, reaching $97.56. The company's stock had a trading volume of 259,162 shares, compared to its average volume of 616,682. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11. The stock has a market cap of $70.93 billion, a P/E ratio of 13.98, a PEG ratio of 1.43 and a beta of 1.07. The firm's fifty day moving average price is $99.45 and its two-hundred day moving average price is $95.70. Bank of Montreal has a 12-month low of $76.98 and a 12-month high of $106.00.
Bank of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last issued its quarterly earnings data on Tuesday, February 25th. The bank reported $3.04 earnings per share for the quarter, beating analysts' consensus estimates of $1.68 by $1.36. Bank of Montreal had a net margin of 9.22% and a return on equity of 10.18%. The company had revenue of $9.27 billion for the quarter, compared to the consensus estimate of $8.58 billion. During the same quarter in the prior year, the firm earned $2.56 earnings per share. The firm's revenue for the quarter was up 20.8% compared to the same quarter last year. On average, equities analysts forecast that Bank of Montreal will post 7.71 EPS for the current fiscal 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 annualized dividend and a dividend yield of 4.55%. The ex-dividend date is Tuesday, April 29th. Bank of Montreal's 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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