Mufg Securities Canada LTD. Has $140.75 Million Stock Position in Bank Of Montreal $BMO

Mufg Securities Canada LTD. trimmed its holdings in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 8.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,083,543 shares of the bank’s stock after selling 101,847 shares during the quarter. Bank Of Montreal accounts for about 3.9% of Mufg Securities Canada LTD.’s holdings, making the stock its 7th biggest holding. Mufg Securities Canada LTD.’s holdings in Bank Of Montreal were worth $140,749,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Bank Of Montreal by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 33,017,205 shares of the bank’s stock worth $4,287,878,000 after acquiring an additional 673,248 shares during the last quarter. Canerector Inc. raised its holdings in Bank Of Montreal by 18,035.0% during the 3rd quarter. Canerector Inc. now owns 22,668,750 shares of the bank’s stock valued at $2,952,605,000 after buying an additional 22,543,750 shares during the last quarter. TD Asset Management Inc raised its holdings in Bank Of Montreal by 1.5% during the 4th quarter. TD Asset Management Inc now owns 19,372,601 shares of the bank’s stock valued at $2,519,180,000 after buying an additional 293,575 shares during the last quarter. Norges Bank bought a new stake in Bank Of Montreal during the 4th quarter valued at $1,059,320,000. Finally, Geode Capital Management LLC raised its holdings in Bank Of Montreal by 6.7% during the 4th quarter. Geode Capital Management LLC now owns 7,030,219 shares of the bank’s stock valued at $932,242,000 after buying an additional 442,812 shares during the last quarter. 45.82% of the stock is currently owned by institutional investors.

Bank Of Montreal Stock Down 0.0%

Shares of Bank Of Montreal stock opened at $168.29 on Monday. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.11. The company’s fifty day simple moving average is $154.08 and its two-hundred day simple moving average is $142.23. The company has a market cap of $117.87 billion, a P/E ratio of 17.86, a PEG ratio of 0.94 and a beta of 0.95. Bank Of Montreal has a 12-month low of $104.08 and a 12-month high of $169.35.

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, beating analysts’ consensus estimates of $2.54 by $0.14. The business had revenue of $7.04 billion for 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 company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.62 EPS. Research analysts anticipate that Bank Of Montreal will post 11.82 EPS for the current year.

Bank Of Montreal Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Thursday, July 30th will be given a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Thursday, July 30th. This is an increase from Bank Of Montreal’s previous quarterly dividend of $1.67. Bank Of Montreal’s payout ratio is presently 50.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Weiss Ratings upgraded shares of Bank Of Montreal from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, May 28th. Zacks Research lowered shares of Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Jefferies Financial Group reiterated 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 report on Monday, June 1st. Finally, Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Bank Of Montreal in a report on Thursday, May 28th. Five investment 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. According to MarketBeat, the stock 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.