23,372 Shares in Bank Of Montreal $BMO Acquired by Vise Technologies Inc.

Vise Technologies Inc. purchased a new stake in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 23,372 shares of the bank’s stock, valued at approximately $3,909,000.

A number of other large investors have also recently modified their holdings of BMO. Edmond DE Rothschild Holding S.A. bought a new position in Bank Of Montreal in the second quarter worth approximately $28,000. Western Wealth Management LLC purchased a new position in Bank Of Montreal during the 1st quarter worth $38,000. Highland Investment Advisors LLC purchased a new position in Bank Of Montreal during the 2nd quarter worth $63,000. Toth Financial Advisory Corp purchased a new position in Bank Of Montreal during the 3rd quarter worth $84,000. Finally, Ballast Advisors LLC bought a new stake in Bank Of Montreal during the 1st quarter valued at $88,000. Hedge funds and other institutional investors own 45.82% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on BMO. Keefe, Bruyette & Woods started coverage on Bank Of Montreal in a report on Friday, August 21st. They issued an “outperform” rating for the company. Royal Bank Of Canada restated a “sector perform” rating on shares of Bank Of Montreal in a report on Thursday, August 27th. Barclays reaffirmed an “underweight” rating on shares of Bank Of Montreal in a research report on Friday, August 21st. TD Securities reiterated a “buy” rating on shares of Bank Of Montreal in a research note on Wednesday, August 12th. Finally, Scotiabank reiterated an “outperform” rating on shares of Bank Of Montreal in a research note on Wednesday, August 26th. Six investment analysts have rated the stock with a Buy rating, six 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 an average price target of $244.00.

Bank Of Montreal Trading Down 0.8%

Shares of NYSE:BMO opened at $171.68 on Wednesday. Bank Of Montreal has a 12-month low of $119.84 and a 12-month high of $187.22. The business’s fifty day simple moving average is $170.38 and its 200-day simple moving average is $160.26. The company has a market capitalization of $118.74 billion, a PE ratio of 16.66, a P/E/G ratio of 0.93 and a beta of 0.93. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.10.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last released its quarterly earnings results on Tuesday, August 25th. The bank reported $2.84 EPS for the quarter, topping the consensus estimate of $2.71 by $0.13. The firm had revenue of $7.10 billion during the quarter, compared to analyst estimates of $6.94 billion. Bank Of Montreal had a return on equity of 13.60% and a net margin of 11.72%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $3.23 EPS. As a group, equities research analysts predict that Bank Of Montreal will post 10.65 earnings per share for the current fiscal year.

Bank Of Montreal Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 26th. Shareholders of record on Friday, October 30th will be paid a C$1.71 dividend. This represents a $6.84 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, October 30th. Bank Of Montreal’s payout ratio is 54.18%.

Bank Of Montreal Profile

Bank of Montreal, operating under the BMO Financial Group brand, is a diversified financial services company headquartered in Toronto, Canada. Founded in 1817, it is one of Canada’s oldest banks and serves individual, business, institutional and government customers.

BMO provides personal banking products such as deposit accounts, mortgages, consumer loans, credit cards and investment services. Its commercial banking operations offer lending, treasury management and other financial solutions to small and medium-sized businesses and larger corporate clients.

Through its wealth management business, BMO provides investment management, financial planning, private banking and brokerage services.