Orion Portfolio Solutions LLC Purchases 3,672 Shares of Bank of Montreal (NYSE:BMO)

Orion Portfolio Solutions LLC grew its position in Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO by 77.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,443 shares of the bank's stock after purchasing an additional 3,672 shares during the period. Orion Portfolio Solutions LLC's holdings in Bank of Montreal were worth $819,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. BNP Paribas Financial Markets grew its position in Bank of Montreal by 47.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,057 shares of the bank's stock worth $366,000 after acquiring an additional 1,314 shares during the last quarter. Benjamin Edwards Inc. bought a new stake in shares of Bank of Montreal during the third quarter worth $357,000. Quantinno Capital Management LP grew its holdings in shares of Bank of Montreal by 9.6% during the third quarter. Quantinno Capital Management LP now owns 9,122 shares of the bank's stock worth $823,000 after purchasing an additional 802 shares during the last quarter. Stifel Financial Corp increased its stake in shares of Bank of Montreal by 2.4% in the third quarter. Stifel Financial Corp now owns 146,232 shares of the bank's stock valued at $13,190,000 after buying an additional 3,496 shares in the last quarter. Finally, Wellington Management Group LLP raised its holdings in shares of Bank of Montreal by 80.0% in the third quarter. Wellington Management Group LLP now owns 125,572 shares of the bank's stock valued at $11,344,000 after buying an additional 55,823 shares during the last quarter. Institutional investors own 45.82% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts have commented on BMO shares. Cibc World Mkts lowered shares of Bank of Montreal from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. CIBC cut shares of Bank of Montreal from a "sector outperform" rating to a "neutral" rating in a research note on Friday, April 4th. StockNews.com raised shares of Bank of Montreal from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Finally, Royal Bank of Canada upped their price objective on Bank of Montreal from $161.00 to $163.00 and gave the stock an "outperform" rating in a report on Wednesday, February 26th. Nine research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, Bank of Montreal has an average rating of "Hold" and a consensus price target of $128.40.

Bank of Montreal Trading Up 2.4 %

BMO traded up $2.13 during trading on Friday, reaching $91.11. 910,159 shares of the company's stock were exchanged, compared to its average volume of 864,113. The company's fifty day moving average price is $97.42 and its 200-day moving average price is $96.18. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $66.24 billion, a PE ratio of 13.05, a P/E/G ratio of 1.43 and a beta of 0.95. Bank of Montreal has a fifty-two week low of $76.98 and a fifty-two week high of $106.00.

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. Bank of Montreal had a return on equity of 10.18% and a net margin of 9.22%. The business had revenue of $9.27 billion during the quarter, compared to analysts' expectations of $8.58 billion. During the same period in the previous year, the firm earned $2.56 earnings per share. The firm's quarterly revenue was up 20.8% compared to the same quarter last year. As a group, equities analysts forecast 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 given a $1.1094 dividend. The ex-dividend date of this dividend is Tuesday, April 29th. This represents a $4.44 dividend on an annualized basis and a dividend yield of 4.87%. Bank of Montreal's dividend payout ratio is 57.09%.

Bank of Montreal 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.