Montrusco Bolton Investments Inc. Sells 3,476 Shares of Bank Of Montreal $BMO

Montrusco Bolton Investments Inc. lessened its stake in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 1.7% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 204,967 shares of the bank’s stock after selling 3,476 shares during the period. Montrusco Bolton Investments Inc.’s holdings in Bank Of Montreal were worth $27,674,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of BMO. Jefferies Financial Group Inc. lifted its stake in Bank Of Montreal by 6,300.1% in the fourth quarter. Jefferies Financial Group Inc. now owns 479,492 shares of the bank’s stock worth $62,233,000 after purchasing an additional 472,000 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Bank Of Montreal by 2.1% during the fourth quarter. Vanguard Group Inc. now owns 33,017,205 shares of the bank’s stock valued at $4,287,878,000 after buying an additional 673,248 shares during the last quarter. Mn Services Vermogensbeheer B.V. grew its stake in shares of Bank Of Montreal by 16.3% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 165,213 shares of the bank’s stock valued at $21,484,000 after buying an additional 23,113 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Bank Of Montreal by 2,127.4% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 349,694 shares of the bank’s stock worth $45,387,000 after buying an additional 333,994 shares during the period. Finally, Swiss Life Asset Management Ltd lifted its stake in shares of Bank Of Montreal by 17.0% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 99,874 shares of the bank’s stock worth $13,032,000 after acquiring an additional 14,494 shares during the last quarter. 45.82% of the stock is currently owned by institutional investors.

Bank Of Montreal Stock Down 0.1%

Shares of NYSE:BMO opened at $174.04 on Friday. The business’s 50 day moving average is $162.47 and its 200 day moving average is $146.95. The stock has a market cap of $121.90 billion, a P/E ratio of 18.48, a price-to-earnings-growth ratio of 0.97 and a beta of 0.93. Bank Of Montreal has a 52-week low of $109.64 and a 52-week high of $178.70. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.11.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last issued its earnings results on Wednesday, May 27th. The bank reported $2.68 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.14. Bank Of Montreal had a return on equity of 13.04% and a net margin of 12.60%.The business had revenue of $7.04 billion during the quarter, compared to analyst estimates of $6.98 billion. During the same period in the previous year, the company posted $2.62 EPS. Bank Of Montreal’s revenue was up 10.2% on a year-over-year basis. Sell-side analysts predict that Bank Of Montreal will post 11.82 EPS for the current year.

Bank Of Montreal Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Thursday, July 30th will be issued a $1.71 dividend. The ex-dividend date is Thursday, July 30th. This is an increase from Bank Of Montreal’s previous quarterly dividend of $1.67. This represents a $6.84 annualized dividend and a dividend yield of 3.9%. Bank Of Montreal’s dividend payout ratio is presently 50.96%.

Wall Street Analysts Forecast Growth

BMO has been the subject of a number of recent analyst reports. Desjardins restated a “hold” rating on shares of Bank Of Montreal in a report on Thursday, May 28th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Bank Of Montreal in a research note on Thursday, May 28th. Raymond James Financial reiterated an “outperform” rating on shares of Bank Of Montreal in a research report on Tuesday, May 12th. Weiss Ratings lowered shares of Bank Of Montreal from a “buy (b+)” rating to a “buy (b)” rating in a research note on Friday, June 12th. Finally, Zacks Research cut shares of Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Five research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus 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.