Bank of Montreal (NYSE:BMO) Shares Purchased by Zions Bancorporation N.A.

Zions Bancorporation N.A. raised its holdings in Bank of Montreal (NYSE:BMO - Free Report) TSE: BMO by 33,446.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,377 shares of the bank's stock after buying an additional 59,200 shares during the period. Zions Bancorporation N.A.'s holdings in Bank of Montreal were worth $5,763,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of BMO. Healthcare of Ontario Pension Plan Trust Fund raised its position in Bank of Montreal by 261.6% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,249,552 shares of the bank's stock valued at $383,449,000 after purchasing an additional 3,074,389 shares in the last quarter. Toronto Dominion Bank raised its holdings in Bank of Montreal by 14.9% in the third quarter. Toronto Dominion Bank now owns 11,812,353 shares of the bank's stock valued at $1,065,474,000 after acquiring an additional 1,534,508 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Bank of Montreal in the fourth quarter worth approximately $760,000. FMR LLC grew its holdings in Bank of Montreal by 14.2% during the 3rd quarter. FMR LLC now owns 5,046,721 shares of the bank's stock worth $455,397,000 after acquiring an additional 625,797 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Bank of Montreal by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 30,494,749 shares of the bank's stock valued at $2,960,491,000 after purchasing an additional 576,744 shares during the last quarter. Institutional investors and hedge funds own 45.82% of the company's stock.

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Bank of Montreal Trading Down 1.2 %

Shares of NYSE:BMO traded down $1.21 during trading on Friday, reaching $95.83. The stock had a trading volume of 216,426 shares, compared to its average volume of 848,593. 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 $99.38 and a 200-day moving average price of $95.72. The stock has a market cap of $69.67 billion, a P/E ratio of 13.72, a PEG ratio of 1.43 and a beta of 1.07. 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 (NYSE:BMO - Get Free Report) TSE: BMO last released its earnings results 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. The business had revenue of $9.27 billion for the quarter, compared to analysts' expectations of $8.58 billion. Bank of Montreal had a net margin of 9.22% and a return on equity of 10.18%. The company's quarterly revenue was up 20.8% on a year-over-year basis. During the same period last year, the company earned $2.56 earnings per share. As a group, analysts anticipate that Bank of Montreal will post 7.71 earnings per share for the current fiscal year.

Bank of Montreal Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 27th. Shareholders of record on Tuesday, April 29th will be given a dividend of $1.1094 per share. This represents a $4.44 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date of this dividend is Tuesday, April 29th. Bank of Montreal's dividend payout ratio (DPR) is presently 57.09%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BMO. Scotiabank raised shares of Bank of Montreal from a "sector perform" rating to a "sector outperform" rating in a research report on Friday, December 6th. Royal Bank of Canada raised 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. StockNews.com raised Bank of Montreal from a "sell" rating to a "hold" rating in a report on Friday, February 28th. CIBC raised Bank of Montreal from a "neutral" rating to a "sector outperform" rating in a research report on Friday, December 6th. Finally, Cibc World Mkts upgraded shares of Bank of Montreal from a "hold" rating to a "strong-buy" rating in a research report on Friday, December 6th. Seven equities 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 stock. According to MarketBeat.com, Bank of Montreal currently has an average rating of "Moderate Buy" and an average price target of $128.40.

About Bank of Montreal

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.