Bank of New York Mellon Corp lifted its position in Bank Of Montreal (NYSE:BMO - Free Report) TSE: BMO by 5.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 746,613 shares of the bank's stock after acquiring an additional 37,846 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.10% of Bank Of Montreal worth $71,309,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Dunhill Financial LLC purchased a new stake in shares of Bank Of Montreal in the 4th quarter valued at approximately $39,000. CX Institutional purchased a new stake in Bank Of Montreal in the 1st quarter worth approximately $42,000. Wayfinding Financial LLC purchased a new stake in Bank Of Montreal in the 1st quarter worth approximately $44,000. Montag & Caldwell LLC purchased a new stake in Bank Of Montreal in the 4th quarter worth approximately $60,000. Finally, Garde Capital Inc. purchased a new stake in Bank Of Montreal in the 1st quarter worth approximately $65,000. Hedge funds and other institutional investors own 45.82% of the company's stock.

NYSE:BMO opened at $113.74 on Friday. Bank Of Montreal has a 1 year low of $76.98 and a 1 year high of $114.76. The firm's fifty day simple moving average is $106.49 and its 200 day simple moving average is $100.43. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $81.92 billion, a PE ratio of 14.75, a PEG ratio of 1.26 and a beta of 1.07.

Bank Of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last posted its earnings results on Wednesday, May 28th. The bank reported $1.84 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.84. Bank Of Montreal had a net margin of 10.25% and a return on equity of 10.15%. The business had revenue of $6.32 billion for the quarter, compared to analyst estimates of $8.79 billion. During the same period last year, the business posted $2.59 EPS. Bank Of Montreal's revenue was up 8.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Bank Of Montreal will post 7.71 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Wednesday, July 30th will be paid a $1.1801 dividend. The ex-dividend date of this dividend is Wednesday, July 30th. This is a positive change from Bank Of Montreal's previous quarterly dividend of $1.11. This represents a $4.72 dividend on an annualized basis and a yield of 4.15%. Bank Of Montreal's dividend payout ratio (DPR) is presently 57.33%.

A number of equities research analysts have issued reports on the stock. CIBC reiterated a "neutral" rating on shares of Bank Of Montreal in a research report on Tuesday, May 20th. Scotiabank initiated coverage on shares of Bank Of Montreal in a research note on Thursday, May 15th. They set a "sector perform" rating on the stock. Barclays lowered shares of Bank Of Montreal from an "overweight" rating to an "equal weight" rating in a research note on Monday, June 9th. Finally, Cibc World Mkts lowered shares of Bank Of Montreal from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $129.50.

Get Our Latest Research Report on Bank Of Montreal

(Free Report)

Bank of Montreal provides diversified financial services primarily in North America. It operates through Canadian P&C, U.S P&C, BMO Wealth Management, and BMO Capital Markets segments. The company's personal banking products and services include deposits, mortgages, home lending, consumer credit, small business lending, credit cards, cash management, financial and investment advice, and other banking services; and commercial banking products and services comprise various of financing options and treasury and payment solutions, as well as risk management products.

Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank Of Montreal (NYSE:BMO - Free Report) TSE: BMO.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

Before you consider Bank Of Montreal, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Bank Of Montreal wasn't on the list.

While Bank Of Montreal currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here