Bank Of Montreal $BMO Stake Raised by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its holdings in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 117.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,904 shares of the bank’s stock after acquiring an additional 7,507 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Bank Of Montreal were worth $1,805,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Code Waechter LLC increased its holdings in shares of Bank Of Montreal by 1.7% in the 4th quarter. Code Waechter LLC now owns 4,486 shares of the bank’s stock valued at $582,000 after purchasing an additional 75 shares during the period. Larson Financial Group LLC boosted its holdings in shares of Bank Of Montreal by 33.2% during the fourth quarter. Larson Financial Group LLC now owns 317 shares of the bank’s stock worth $41,000 after purchasing an additional 79 shares during the period. Naples Global Advisors LLC grew its position in Bank Of Montreal by 0.5% during the fourth quarter. Naples Global Advisors LLC now owns 17,780 shares of the bank’s stock valued at $2,308,000 after purchasing an additional 80 shares in the last quarter. Allworth Financial LP grew its position in Bank Of Montreal by 4.6% during the third quarter. Allworth Financial LP now owns 2,121 shares of the bank’s stock valued at $276,000 after purchasing an additional 94 shares in the last quarter. Finally, Choreo LLC increased its stake in Bank Of Montreal by 3.6% in the 3rd quarter. Choreo LLC now owns 2,735 shares of the bank’s stock valued at $356,000 after buying an additional 95 shares during the period. Hedge funds and other institutional investors own 45.82% of the company’s stock.

Bank Of Montreal Stock Up 0.4%

Bank Of Montreal stock opened at $176.79 on Wednesday. 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 has a 1-year low of $109.64 and a 1-year high of $177.00. The firm’s fifty day simple moving average is $161.08 and its 200-day simple moving average is $146.14. The company has a market capitalization of $123.82 billion, a P/E ratio of 18.77, a P/E/G ratio of 0.99 and a beta of 0.95.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last issued 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 firm had revenue of $7.04 billion during the quarter, compared to analysts’ expectations of $6.98 billion. Bank Of Montreal had a net margin of 12.60% and a return on equity of 13.04%. Bank Of Montreal’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the company posted $2.62 earnings per share. Sell-side analysts forecast that Bank Of Montreal will post 11.82 earnings per share for the current fiscal 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 is a boost from Bank Of Montreal’s previous quarterly dividend of $1.67. The ex-dividend date is Thursday, July 30th. This represents a $6.84 annualized dividend and a dividend yield of 3.9%. Bank Of Montreal’s dividend payout ratio is currently 50.96%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BMO. Canadian Imperial Bank of Commerce reissued an “outperform” rating on shares of Bank Of Montreal in a research note on Thursday, May 28th. Desjardins reaffirmed a “hold” rating on shares of Bank Of Montreal in a research note on Thursday, May 28th. Barclays reiterated an “underweight” rating on shares of Bank Of Montreal in a report on Thursday, May 28th. Zacks Research cut Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Scotiabank restated an “outperform” rating on shares of Bank Of Montreal in a research note on Tuesday, June 16th. Five analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Bank Of Montreal has an average rating of “Hold” and an average price target of $163.00.

Bank Of Montreal 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.