Forum Financial Management LP decreased its stake in shares of Bank Of Montreal (NYSE:BMO - Free Report) TSE: BMO by 27.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,758 shares of the bank's stock after selling 2,200 shares during the quarter. Forum Financial Management LP's holdings in Bank Of Montreal were worth $550,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Dunhill Financial LLC acquired a new stake in Bank Of Montreal during the 4th quarter worth approximately $39,000. CX Institutional acquired a new stake in Bank Of Montreal during the 1st quarter valued at $42,000. HM Payson & Co. acquired a new stake in Bank Of Montreal during the 1st quarter valued at $42,000. Wayfinding Financial LLC acquired a new stake in shares of Bank Of Montreal during the first quarter worth $44,000. Finally, TruNorth Capital Management LLC boosted its holdings in shares of Bank Of Montreal by 405.0% during the first quarter. TruNorth Capital Management LLC now owns 505 shares of the bank's stock worth $48,000 after purchasing an additional 405 shares during the last quarter. 45.82% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:BMO opened at $114.29 on Friday. The company has a market cap of $82.10 billion, a P/E ratio of 14.82, a P/E/G ratio of 1.26 and a beta of 1.07. The stock's 50-day moving average is $108.00 and its 200-day moving average is $101.01. Bank Of Montreal has a 52-week low of $76.98 and a 52-week high of $114.76. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.00 and a current ratio of 1.00.

Bank Of Montreal (NYSE:BMO - Get Free Report) TSE: BMO last released its earnings results on Wednesday, May 28th. The bank reported $1.84 earnings per share for the quarter, meeting the consensus estimate of $1.84. The business had revenue of $6.32 billion during the quarter, compared to analysts' expectations of $8.79 billion. Bank Of Montreal had a net margin of 10.25% and a return on equity of 10.15%. The firm's revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the company earned $2.59 earnings per share. Equities research analysts predict that Bank Of Montreal will post 7.71 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Wednesday, July 30th will be issued a dividend of $1.1801 per share. This is a positive change from Bank Of Montreal's previous quarterly dividend of $1.11. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a $4.72 annualized dividend and a dividend yield of 4.13%. Bank Of Montreal's dividend payout ratio (DPR) is presently 57.33%.

A number of research analysts recently weighed in on the company. Scotiabank initiated coverage on Bank Of Montreal in a report on Thursday, May 15th. They issued a "sector perform" rating on the stock. Barclays downgraded Bank Of Montreal from an "overweight" rating to an "equal weight" rating in a research note on Monday, June 9th. Wall Street Zen downgraded Bank Of Montreal from a "hold" rating to a "sell" rating in a research note on Friday. CIBC reiterated a "neutral" rating on shares of Bank Of Montreal in a research report on Tuesday, May 20th. Finally, Cibc World Mkts cut Bank Of Montreal from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $129.50.

View Our Latest Research Report on BMO

(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.

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