Osmosis Investment Management UK Ltd Purchases Shares of 22,907 Bank Of Montreal $BMO

Osmosis Investment Management UK Ltd bought a new stake in Bank Of Montreal (NYSE:BMO) (TSE:BMO) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 22,907 shares of the bank’s stock, valued at approximately $4,047,000.

Other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Bank Of Montreal by 2.1% in the fourth quarter. Vanguard Group Inc. now owns 33,017,205 shares of the bank’s stock valued at $4,287,878,000 after acquiring an additional 673,248 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of Bank Of Montreal by 1.5% during the fourth quarter. TD Asset Management Inc now owns 19,372,601 shares of the bank’s stock worth $2,519,180,000 after purchasing an additional 293,575 shares during the last quarter. FIL Ltd increased its position in shares of Bank Of Montreal by 15.2% during the fourth quarter. FIL Ltd now owns 9,445,162 shares of the bank’s stock worth $1,226,622,000 after purchasing an additional 1,245,500 shares in the last quarter. Norges Bank acquired a new stake in shares of Bank Of Montreal during the fourth quarter worth about $1,059,320,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Bank Of Montreal by 6.7% in the 4th quarter. Geode Capital Management LLC now owns 7,030,219 shares of the bank’s stock valued at $932,242,000 after purchasing an additional 442,812 shares during the last quarter. 45.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Zacks Research cut Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings downgraded Bank Of Montreal from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. Desjardins restated a “hold” rating on shares of Bank Of Montreal in a research report on Thursday, May 28th. Raymond James Financial reaffirmed an “outperform” rating on shares of Bank Of Montreal in a report on Tuesday, May 12th. Finally, Keefe, Bruyette & Woods initiated coverage on shares of Bank Of Montreal in a research report on Friday. They issued an “outperform” rating for the company. Five investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $163.00.

Bank Of Montreal Stock Down 0.1%

Bank Of Montreal stock opened at $174.34 on Monday. The stock has a 50 day moving average of $177.66 and a two-hundred day moving average of $158.42. Bank Of Montreal has a twelve month low of $112.58 and a twelve month high of $187.22. The stock has a market capitalization of $121.54 billion, a price-to-earnings ratio of 18.51, a PEG ratio of 1.07 and a beta of 0.94. 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 posted its quarterly earnings data 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. The firm had revenue of $7.04 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 10.2% on a year-over-year basis. During the same period last year, the firm posted $2.62 EPS. As a group, research analysts expect that Bank Of Montreal will post 10.49 earnings per share for the current year.

Bank Of Montreal Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Thursday, July 30th will be issued a $1.71 dividend. The ex-dividend date of this dividend is Thursday, July 30th. This is a positive change 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 payout ratio is presently 51.06%.

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.