Bank Of Montreal (NYSE:BMO) Receives $163.00 Average PT from Brokerages

Bank Of Montreal (NYSE:BMO) (TSE:BMO) has received a consensus recommendation of “Moderate Buy” from the twelve analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation, three have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $163.00.

A number of equities analysts have commented on BMO shares. TD Securities upgraded shares of Bank Of Montreal from a “hold” rating to a “buy” rating in a research note on Tuesday, January 27th. Wall Street Zen upgraded shares of Bank Of Montreal from a “sell” rating to a “hold” rating in a research note on Sunday, February 8th. Raymond James Financial upgraded shares of Bank Of Montreal from a “market perform” rating to an “outperform” rating in a research note on Friday, February 13th. Scotiabank restated a “sector perform” rating on shares of Bank Of Montreal in a research note on Friday, January 9th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Bank Of Montreal in a research note on Monday, December 29th.

Hedge Funds Weigh In On Bank Of Montreal

A number of hedge funds have recently added to or reduced their stakes in the stock. Purpose Unlimited Inc. bought a new position in Bank Of Montreal in the 4th quarter worth about $39,094,000. Rockefeller Capital Management L.P. lifted its position in shares of Bank Of Montreal by 117.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 13,904 shares of the bank’s stock worth $1,805,000 after purchasing an additional 7,507 shares during the period. Fund Advisors of America Inc FL purchased a new stake in shares of Bank Of Montreal in the 4th quarter worth approximately $284,000. Bayban purchased a new stake in shares of Bank Of Montreal in the 4th quarter worth approximately $382,000. Finally, Pure Financial Advisors LLC purchased a new stake in shares of Bank Of Montreal in the 4th quarter worth approximately $250,000. 45.82% of the stock is currently owned by institutional investors.

Bank Of Montreal Stock Performance

Shares of NYSE:BMO opened at $141.00 on Friday. The company has a market capitalization of $99.34 billion, a price-to-earnings ratio of 16.38, a PEG ratio of 0.88 and a beta of 0.92. Bank Of Montreal has a 12 month low of $85.52 and a 12 month high of $149.01. The firm’s 50-day moving average is $140.28 and its 200 day moving average is $132.71. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.11.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last issued its quarterly earnings results on Wednesday, February 25th. The bank reported $2.51 EPS for the quarter, beating the consensus estimate of $2.35 by $0.16. The company had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $6.73 billion. Bank Of Montreal had a net margin of 11.76% and a return on equity of 12.16%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.04 EPS. Research analysts predict that Bank Of Montreal will post 7.71 EPS for the current year.

Bank Of Montreal Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 26th. Shareholders of record on Wednesday, April 29th will be paid a $1.67 dividend. This represents a $6.68 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Wednesday, April 29th. Bank Of Montreal’s dividend payout ratio is currently 56.56%.

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.