A number of other institutional investors have also recently made changes to their positions in the stock. North Star Asset Management Inc. increased its holdings in shares of Bank Of Montreal by 1.2% in the 4th quarter. North Star Asset Management Inc. now owns 8,422 shares of the bank’s stock worth $817,000 after buying an additional 100 shares during the last quarter. Oppenheimer & Co. Inc. raised its position in Bank Of Montreal by 2.6% in the 1st quarter. Oppenheimer & Co. Inc. now owns 4,717 shares of the bank’s stock worth $451,000 after purchasing an additional 120 shares during the period. Sequoia Financial Advisors LLC raised its position in Bank Of Montreal by 5.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 3,797 shares of the bank’s stock worth $363,000 after purchasing an additional 196 shares during the period. Grove Bank & Trust raised its position in Bank Of Montreal by 39.2% in the 1st quarter. Grove Bank & Trust now owns 710 shares of the bank’s stock worth $68,000 after purchasing an additional 200 shares during the period. Finally, Maryland State Retirement & Pension System raised its position in Bank Of Montreal by 0.5% in the 4th quarter. Maryland State Retirement & Pension System now owns 43,093 shares of the bank’s stock worth $4,182,000 after purchasing an additional 210 shares during the period. Institutional investors own 45.82% of the company’s stock.

A number of equities analysts recently commented on the stock. Scotiabank assumed coverage on shares of Bank Of Montreal in a research report on Thursday, May 15th. They issued a “sector perform” rating on the stock. Cibc World Mkts cut shares of Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. CIBC reiterated a “neutral” rating on shares of Bank Of Montreal in a research report on Tuesday, May 20th. Finally, Barclays cut shares of Bank Of Montreal from an “overweight” rating to an “equal weight” rating in a research report on Monday, June 9th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Bank Of Montreal presently has an average rating of “Hold” and an average price target of $129.50.

View Our Latest Analysis on Bank Of Montreal

Shares of Bank Of Montreal stock opened at $113.74 on Friday. The firm has a market cap of $81.92 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 1.26 and a beta of 1.07. Bank Of Montreal has a 12-month low of $76.98 and a 12-month high of $114.76. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.12. The company’s fifty day simple moving average is $106.49 and its two-hundred day simple moving average is $100.43.

Bank Of Montreal (NYSE:BMO – Get Free Report) (TSE:BMO) last announced its quarterly earnings results on Wednesday, May 28th. The bank reported $1.84 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.84. The business had revenue of $6.32 billion for the quarter, compared to analyst estimates of $8.79 billion. Bank Of Montreal had a net margin of 10.25% and a return on equity of 10.15%. The company’s revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the firm earned $2.59 EPS. As a group, equities analysts expect that Bank Of Montreal will post 7.71 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 26th. Stockholders of record on Wednesday, July 30th will be paid 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 is Wednesday, July 30th. This represents a $4.72 dividend on an annualized basis and a dividend yield of 4.15%. Bank Of Montreal’s payout ratio is presently 57.33%.

(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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