Gulf International Bank UK Ltd raised its position in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 0.1% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 200,115 shares of the bank’s stock after buying an additional 279 shares during the period. Gulf International Bank UK Ltd’s holdings in Bank Of Montreal were worth $14,698,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of BMO. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Bank Of Montreal by 1.7% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,377 shares of the bank’s stock worth $103,000 after buying an additional 23 shares during the period. BNP Paribas Arbitrage SA acquired a new stake in shares of Bank Of Montreal during the first quarter worth approximately $121,000. Parallel Advisors LLC boosted its stake in shares of Bank Of Montreal by 5.0% in the first quarter. Parallel Advisors LLC now owns 2,071 shares of the bank’s stock worth $145,000 after buying an additional 99 shares during the period. Signature Estate & Investment Advisors LLC acquired a new stake in shares of Bank Of Montreal during the first quarter worth approximately $150,000. Finally, IHT Wealth Management LLC boosted its stake in shares of Bank Of Montreal by 38.7% in the first quarter. IHT Wealth Management LLC now owns 2,150 shares of the bank’s stock worth $160,000 after buying an additional 600 shares during the period. Institutional investors and hedge funds own 47.86% of the company’s stock.

Shares of Bank Of Montreal (NYSE BMO) traded down 0.07% during mid-day trading on Friday, reaching $76.82. 327,650 shares of the company traded hands. The company has a market capitalization of $50.09 billion, a P/E ratio of 12.32 and a beta of 1.01. The firm’s 50 day moving average price is $72.01 and its 200-day moving average price is $73.34. Bank Of Montreal has a 52-week low of $62.32 and a 52-week high of $78.00.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last released its quarterly earnings results on Wednesday, May 24th. The bank reported $1.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.05. The firm had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.26 billion. Bank Of Montreal had a return on equity of 14.25% and a net margin of 19.60%. Bank Of Montreal’s quarterly revenue was up 12.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.73 EPS. Equities analysts predict that Bank Of Montreal will post $6.34 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, August 28th. Shareholders of record on Tuesday, August 1st will be issued a $0.6616 dividend. This represents a $2.65 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Friday, July 28th. Bank Of Montreal’s dividend payout ratio is presently 43.85%.

Bank Of Montreal declared that its board has authorized a share buyback program on Thursday, April 27th that authorizes the company to repurchase 15,000,000 shares. This repurchase authorization authorizes the bank to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

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BMO has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Bank Of Montreal from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Tuesday. TD Securities raised shares of Bank Of Montreal from a “hold” rating to a “buy” rating in a report on Thursday, June 1st. They noted that the move was a valuation call. BidaskClub raised shares of Bank Of Montreal from a “hold” rating to a “buy” rating in a report on Tuesday, July 4th. Citigroup Inc. raised shares of Bank Of Montreal from a “neutral” rating to a “buy” rating in a report on Thursday, May 18th. Finally, Barclays PLC raised shares of Bank Of Montreal from an “underweight” rating to an “equal weight” rating in a report on Tuesday, May 23rd. Ten investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $88.38.

Bank Of Montreal Company Profile

Bank of Montreal (the Bank) is a financial services provider. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank conducts its business through three operating groups: Personal and Commercial Banking (P&C), Wealth Management and BMO Capital Markets.

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Institutional Ownership by Quarter for Bank Of Montreal (NYSE:BMO)

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