Union Bancaire Privee UBP SA Has $1.96 Million Position in Bank Of Montreal $BMO

Union Bancaire Privee UBP SA cut its position in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 33.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,862 shares of the bank’s stock after selling 7,518 shares during the period. Union Bancaire Privee UBP SA’s holdings in Bank Of Montreal were worth $1,955,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of BMO. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in Bank Of Montreal by 18.3% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 739,598 shares of the bank’s stock worth $82,015,000 after buying an additional 114,458 shares during the period. Citigroup Inc. grew its stake in Bank Of Montreal by 36.6% in the third quarter. Citigroup Inc. now owns 502,382 shares of the bank’s stock valued at $65,479,000 after acquiring an additional 134,699 shares during the period. Addenda Capital Inc. grew its stake in Bank Of Montreal by 9.5% in the third quarter. Addenda Capital Inc. now owns 734,616 shares of the bank’s stock valued at $95,684,000 after acquiring an additional 63,432 shares during the period. CIBC Asset Management Inc increased its holdings in shares of Bank Of Montreal by 17.3% in the third quarter. CIBC Asset Management Inc now owns 7,260,160 shares of the bank’s stock worth $949,441,000 after acquiring an additional 1,070,546 shares in the last quarter. Finally, JCIC Asset Management Inc. bought a new stake in shares of Bank Of Montreal in the third quarter worth about $7,939,000. 45.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently weighed in on BMO shares. Wall Street Zen upgraded Bank Of Montreal from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. Raymond James Financial raised Bank Of Montreal from a “market perform” rating to an “outperform” rating in a research note on Friday, February 13th. National Bank Financial restated a “sector perform” rating on shares of Bank Of Montreal in a report on Wednesday, February 25th. TD Securities raised shares of Bank Of Montreal from a “hold” rating to a “buy” rating in a research note on Tuesday, January 27th. Finally, Barclays cut shares of Bank Of Montreal from an “equal weight” rating to an “underweight” rating in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Bank Of Montreal presently has a consensus rating of “Moderate Buy” and a consensus target price of $163.00.

Bank Of Montreal Stock Down 2.0%

BMO stock opened at $133.85 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.02 and a quick ratio of 1.02. The stock has a market capitalization of $94.53 billion, a P/E ratio of 15.55, a P/E/G ratio of 0.94 and a beta of 0.92. The business has a 50-day moving average of $140.27 and a 200-day moving average of $131.85. Bank Of Montreal has a fifty-two week low of $85.40 and a fifty-two week high of $149.01.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last posted its quarterly earnings data on Wednesday, February 25th. The bank reported $2.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.35 by $0.16. The business had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $6.73 billion. Bank Of Montreal had a return on equity of 12.16% and a net margin of 11.76%.Bank Of Montreal’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period last year, the company earned $3.04 earnings per share. On average, sell-side analysts anticipate that Bank Of Montreal will post 7.71 earnings per share for the current fiscal year.

Bank Of Montreal Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Stockholders of record on Wednesday, April 29th will be issued a $1.67 dividend. The ex-dividend date is Wednesday, April 29th. This represents a $6.68 dividend on an annualized basis and a dividend yield of 5.0%. Bank Of Montreal’s dividend payout ratio (DPR) is 56.79%.

Bank Of Montreal Company Profile

Bank of Montreal (NYSE:BMO), commonly known as BMO Financial Group, is one of Canada’s largest and longest-established banks. Founded in Montreal and headquartered in Montreal, Quebec, the bank provides a broad range of financial services to retail, commercial, corporate and institutional clients. BMO is publicly listed in both Canada and the United States and operates under a consolidated financial services model that integrates banking, capital markets, wealth management and asset management activities.

BMO’s core businesses include personal and commercial banking—offering checking and savings accounts, lending, mortgages, and small-business services—alongside wealth management and private banking through its asset and investment management divisions.