Commonwealth Equity Services LLC Has $4.90 Million Stake in Bank Of Montreal $BMO

Commonwealth Equity Services LLC cut its stake in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 8.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 37,770 shares of the bank’s stock after selling 3,651 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Bank Of Montreal were worth $4,902,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. WFA of San Diego LLC bought a new stake in Bank Of Montreal during the second quarter worth $28,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in Bank Of Montreal during the 4th quarter valued at $29,000. Larson Financial Group LLC lifted its stake in Bank Of Montreal by 466.7% during the 3rd quarter. Larson Financial Group LLC now owns 238 shares of the bank’s stock valued at $31,000 after acquiring an additional 196 shares in the last quarter. Flagship Harbor Advisors LLC purchased a new position in Bank Of Montreal during the 4th quarter worth $34,000. Finally, Swiss RE Ltd. purchased a new position in Bank Of Montreal during the 4th quarter worth $38,000. Institutional investors own 45.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on BMO shares. Raymond James Financial reiterated an “outperform” rating on shares of Bank Of Montreal in a report on Tuesday, May 12th. Jefferies Financial Group restated a “hold” rating on shares of Bank Of Montreal in a report on Wednesday, February 25th. Scotiabank upgraded shares of Bank Of Montreal from a “sector perform” rating to a “sector outperform” rating in a research note on Monday, June 1st. Barclays reissued an “underweight” rating on shares of Bank Of Montreal in a research report on Thursday, May 28th. Finally, Weiss Ratings upgraded Bank Of Montreal from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, May 28th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $163.00.

Bank Of Montreal Price Performance

Shares of NYSE:BMO opened at $164.49 on Friday. The company has a market capitalization of $115.21 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 0.92 and a beta of 0.95. The company’s 50-day moving average is $150.86 and its 200 day moving average is $140.53. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.02. Bank Of Montreal has a fifty-two week low of $104.08 and a fifty-two week high of $165.92.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last posted its quarterly earnings data on Wednesday, May 27th. The bank reported $2.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.54 by $0.14. The business had revenue of $7.04 billion during the quarter, compared to the consensus estimate of $6.98 billion. Bank Of Montreal had a net margin of 12.60% and a return on equity of 13.04%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.62 earnings per share. On average, equities research analysts forecast that Bank Of Montreal will post 11.82 earnings per share for the current year.

Bank Of Montreal Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Thursday, July 30th will be paid a dividend of $1.71 per share. This represents a $6.84 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Thursday, July 30th. This is an increase from Bank Of Montreal’s previous quarterly dividend of $1.67. Bank Of Montreal’s dividend payout ratio (DPR) is 50.96%.

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.