22,782 Shares in Bank of Montreal (NYSE:BMO) Purchased by TD Private Client Wealth LLC

TD Private Client Wealth LLC acquired a new stake in shares of Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 22,782 shares of the bank's stock, valued at approximately $2,211,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Passumpsic Savings Bank grew its holdings in shares of Bank of Montreal by 2.1% during the 3rd quarter. Passumpsic Savings Bank now owns 5,142 shares of the bank's stock valued at $464,000 after acquiring an additional 105 shares in the last quarter. D.A. Davidson & CO. boosted its position in Bank of Montreal by 1.3% during the third quarter. D.A. Davidson & CO. now owns 8,602 shares of the bank's stock valued at $776,000 after purchasing an additional 113 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in Bank of Montreal by 4.6% in the fourth quarter. Valeo Financial Advisors LLC now owns 2,865 shares of the bank's stock valued at $278,000 after purchasing an additional 125 shares in the last quarter. Wealthspire Advisors LLC increased its position in Bank of Montreal by 2.0% in the 4th quarter. Wealthspire Advisors LLC now owns 6,355 shares of the bank's stock worth $617,000 after purchasing an additional 125 shares during the last quarter. Finally, Caprock Group LLC raised its stake in shares of Bank of Montreal by 4.6% during the 4th quarter. Caprock Group LLC now owns 3,185 shares of the bank's stock worth $309,000 after purchasing an additional 139 shares in the last quarter. Institutional investors and hedge funds own 45.82% of the company's stock.

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Analyst Upgrades and Downgrades

BMO has been the subject of several recent research reports. CIBC raised Bank of Montreal from a "neutral" rating to a "sector outperform" rating in a research note on Friday, December 6th. StockNews.com raised shares of Bank of Montreal from a "sell" rating to a "hold" rating in a research report on Friday, February 28th. 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 research note on Wednesday, February 26th. Cibc World Mkts raised shares of Bank of Montreal from a "hold" rating to a "strong-buy" rating in a research note on Friday, December 6th. Finally, Scotiabank upgraded shares of Bank of Montreal from a "sector perform" rating to a "sector outperform" rating in a 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $128.40.

Bank of Montreal Stock Performance

Shares of BMO stock traded up $0.62 during trading hours on Tuesday, reaching $98.09. 193,252 shares of the company's stock were exchanged, compared to its average volume of 618,301. 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 fifty-two week low of $76.98 and a fifty-two week high of $106.00. The business has a fifty day moving average price of $99.45 and a 200-day moving average price of $95.58. The stock has a market capitalization of $71.31 billion, a P/E ratio of 14.05, a P/E/G ratio of 1.43 and a beta of 1.07.

Bank of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last posted 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 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 previous year, the firm posted $2.56 EPS. The business's revenue was up 20.8% compared to the same quarter last year. Analysts predict that Bank of Montreal will post 7.71 EPS for the current fiscal year.

Bank of Montreal Cuts Dividend

The company also recently announced 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 is Tuesday, April 29th. This represents a $4.44 annualized dividend and a yield of 4.52%. Bank of Montreal's dividend payout ratio (DPR) is currently 57.09%.

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.