Jarislowsky Fraser Ltd boosted its position in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 4.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 238,738 shares of the bank’s stock after acquiring an additional 10,272 shares during the period. Jarislowsky Fraser Ltd’s holdings in Bank Of Montreal were worth $18,025,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of BMO. Canada Pension Plan Investment Board boosted its holdings in Bank Of Montreal by 1,053.6% during the second quarter. Canada Pension Plan Investment Board now owns 3,060,416 shares of the bank’s stock worth $224,388,000 after buying an additional 2,795,116 shares during the last quarter. Public Sector Pension investment Board boosted its holdings in Bank Of Montreal by 13,359.7% during the second quarter. Public Sector Pension investment Board now owns 1,291,596 shares of the bank’s stock worth $94,699,000 after buying an additional 1,282,000 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Bank Of Montreal by 123.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,405,000 shares of the bank’s stock worth $103,154,000 after buying an additional 776,318 shares during the last quarter. Scotia Capital Inc. boosted its holdings in Bank Of Montreal by 50.2% during the second quarter. Scotia Capital Inc. now owns 2,271,198 shares of the bank’s stock worth $166,780,000 after buying an additional 758,940 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Bank Of Montreal by 5.4% during the second quarter. Vanguard Group Inc. now owns 14,592,498 shares of the bank’s stock worth $1,071,673,000 after buying an additional 748,173 shares during the last quarter. Institutional investors and hedge funds own 42.65% of the company’s stock.

A number of brokerages have issued reports on BMO. Macquarie began coverage on Bank Of Montreal in a report on Tuesday, October 24th. They set a “neutral” rating and a $81.00 target price on the stock. Zacks Investment Research cut Bank Of Montreal from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Canaccord Genuity began coverage on Bank Of Montreal in a report on Tuesday, July 18th. They set a “hold” rating on the stock. BidaskClub cut Bank Of Montreal from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Finally, Scotiabank restated a “buy” rating and set a $101.00 target price on shares of Bank Of Montreal in a report on Wednesday, August 30th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $95.40.

ILLEGAL ACTIVITY NOTICE: This report was originally reported by Daily Political and is owned by of Daily Political. If you are reading this report on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.dailypolitical.com/2017/11/14/jarislowsky-fraser-ltd-purchases-10272-shares-of-bank-of-montreal-bmo.html.

Bank Of Montreal (BMO) opened at $77.07 on Tuesday. Bank Of Montreal has a 1-year low of $63.66 and a 1-year high of $78.86. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $49,760.00, a PE ratio of 12.28, a PEG ratio of 2.16 and a beta of 1.06.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last released its quarterly earnings data on Tuesday, August 29th. The bank reported $1.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.57 by ($0.04). Bank Of Montreal had a net margin of 20.04% and a return on equity of 14.36%. The business had revenue of $5.46 billion for the quarter, compared to the consensus estimate of $5.52 billion. During the same quarter last year, the firm earned $1.94 EPS. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. analysts forecast that Bank Of Montreal will post 6.39 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 28th. Stockholders of record on Wednesday, November 1st will be issued a dividend of $0.717 per share. This represents a $2.87 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Tuesday, October 31st. This is a boost from Bank Of Montreal’s previous quarterly dividend of $0.66. Bank Of Montreal’s payout ratio is 45.07%.

Bank Of Montreal 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.

Want to see what other hedge funds are holding BMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank Of Montreal (NYSE:BMO) (TSE:BMO).

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

Receive News & Ratings for Bank Of Montreal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank Of Montreal and related companies with MarketBeat.com's FREE daily email newsletter.