WoodTrust Financial Corp Sells 24,999 Shares of Bank of Montreal (NYSE:BMO)

WoodTrust Financial Corp cut its stake in Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO by 90.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,714 shares of the bank's stock after selling 24,999 shares during the period. WoodTrust Financial Corp's holdings in Bank of Montreal were worth $245,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Bank of Montreal by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 28,617,952 shares of the bank's stock valued at $2,795,402,000 after purchasing an additional 544,767 shares during the period. National Bank of Canada FI lifted its holdings in shares of Bank of Montreal by 4.9% during the 2nd quarter. National Bank of Canada FI now owns 14,761,836 shares of the bank's stock worth $1,231,564,000 after acquiring an additional 692,049 shares during the period. 1832 Asset Management L.P. lifted its holdings in shares of Bank of Montreal by 6.8% during the 2nd quarter. 1832 Asset Management L.P. now owns 7,312,320 shares of the bank's stock worth $613,138,000 after acquiring an additional 463,924 shares during the period. JARISLOWSKY FRASER Ltd increased its position in shares of Bank of Montreal by 36.9% during the 2nd quarter. JARISLOWSKY FRASER Ltd now owns 5,239,662 shares of the bank's stock worth $439,705,000 after purchasing an additional 1,412,532 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Bank of Montreal by 138.4% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 4,851,629 shares of the bank's stock worth $407,282,000 after purchasing an additional 2,816,385 shares in the last quarter. 45.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BMO. Bank of America cut shares of Bank of Montreal from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $134.00 to $117.00 in a research report on Wednesday, August 28th. Royal Bank of Canada cut shares of Bank of Montreal from an "outperform" rating to a "sector perform" rating in a research report on Tuesday, July 30th. StockNews.com cut shares of Bank of Montreal from a "hold" rating to a "sell" rating in a research report on Thursday, August 29th. Scotiabank cut shares of Bank of Montreal from a "sector outperform" rating to a "sector perform" rating and dropped their target price for the stock from $123.00 to $112.00 in a research report on Wednesday, August 28th. Finally, Barclays lowered their price objective on shares of Bank of Montreal from $132.00 to $126.00 and set an "overweight" rating for the company in a research report on Wednesday, August 28th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $119.75.

Bank of Montreal Stock Down 0.0 %

Shares of BMO stock traded down $0.04 during trading hours on Thursday, hitting $93.13. 261,505 shares of the company were exchanged, compared to its average volume of 901,139. Bank of Montreal has a 52 week low of $76.83 and a 52 week high of $100.12. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.13. The business has a 50 day moving average of $89.41 and a two-hundred day moving average of $88.07. The company has a market capitalization of $67.94 billion, a PE ratio of 14.67, a PEG ratio of 2.33 and a beta of 1.10.

Bank of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last posted its quarterly earnings data on Tuesday, August 27th. The bank reported $2.64 earnings per share for the quarter, missing the consensus estimate of $2.76 by ($0.12). The firm had revenue of $8.21 billion for the quarter, compared to analyst estimates of $8.25 billion. Bank of Montreal had a return on equity of 11.23% and a net margin of 8.50%. The firm's quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company earned $2.08 earnings per share. Analysts anticipate that Bank of Montreal will post 8 earnings per share for the current fiscal year.

Bank of Montreal Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 26th. Stockholders of record on Wednesday, October 30th will be given a $1.123 dividend. This represents a $4.49 dividend on an annualized basis and a dividend yield of 4.82%. The ex-dividend date of this dividend is Wednesday, October 30th. Bank of Montreal's dividend payout ratio is presently 72.13%.

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.