Bank of Montreal (NYSE:BMO) Shares Bought by US Bancorp DE

US Bancorp DE lifted its stake in shares of Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO by 32.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 25,257 shares of the bank's stock after purchasing an additional 6,194 shares during the period. US Bancorp DE's holdings in Bank of Montreal were worth $2,451,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in BMO. Cobblestone Capital Advisors LLC NY purchased a new stake in shares of Bank of Montreal in the 4th quarter valued at approximately $214,000. SVB Wealth LLC acquired a new position in shares of Bank of Montreal during the fourth quarter worth $502,000. Private Trust Co. NA raised its position in shares of Bank of Montreal by 246.0% during the 4th quarter. Private Trust Co. NA now owns 858 shares of the bank's stock worth $83,000 after acquiring an additional 610 shares in the last quarter. Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Bank of Montreal by 1.5% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 157,500 shares of the bank's stock valued at $15,282,000 after buying an additional 2,400 shares in the last quarter. Finally, Checchi Capital Advisers LLC purchased a new stake in shares of Bank of Montreal in the 4th quarter valued at about $244,000. 45.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. StockNews.com raised shares of Bank of Montreal from a "sell" rating to a "hold" rating in a report on Friday, February 28th. Scotiabank upgraded shares of Bank of Montreal from a "sector perform" rating to a "sector outperform" rating in a research report on Friday, December 6th. 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. Royal Bank of Canada increased their target price on 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 raised shares of Bank of Montreal from a "neutral" rating to a "sector outperform" rating in a research note on Friday, December 6th. Seven equities 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $128.40.

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Bank of Montreal Stock Down 0.8 %

Shares of BMO traded down $0.81 during mid-day trading on Monday, reaching $97.70. 549,234 shares of the stock traded hands, compared to its average volume of 626,496. The stock has a fifty day simple moving average of $99.47 and a 200 day simple moving average of $94.60. Bank of Montreal has a 12-month low of $76.98 and a 12-month high of $106.00. 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 market cap of $71.21 billion, a price-to-earnings ratio of 14.00, 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 released its quarterly earnings results 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. The business had revenue of $9.27 billion during the quarter, compared to analyst estimates of $8.58 billion. Bank of Montreal had a net margin of 9.22% and a return on equity of 10.18%. The business's revenue was up 20.8% on a year-over-year basis. During the same period last year, the business earned $2.56 EPS. Sell-side analysts expect that Bank of Montreal will post 7.71 EPS for the current fiscal year.

Bank of Montreal Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, April 29th will be paid a dividend of $1.1094 per share. The ex-dividend date of this dividend is Tuesday, April 29th. This represents a $4.44 dividend on an annualized basis and a yield of 4.54%. Bank of Montreal's dividend payout ratio (DPR) is presently 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.