Sabal Trust CO decreased its position in shares of Bank of Montreal (NYSE:BMO) (TSE:BMO) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 249,126 shares of the bank’s stock after selling 9,487 shares during the period. Sabal Trust CO’s holdings in Bank of Montreal were worth $16,281,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently bought and sold shares of BMO. Jane Street Group LLC raised its position in shares of Bank of Montreal by 25.2% in the 2nd quarter. Jane Street Group LLC now owns 7,400 shares of the bank’s stock worth $572,000 after acquiring an additional 1,490 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Bank of Montreal during the 2nd quarter worth approximately $3,059,000. Schroder Investment Management Group raised its stake in shares of Bank of Montreal by 58.0% during the 2nd quarter. Schroder Investment Management Group now owns 244,461 shares of the bank’s stock worth $24,852,000 after acquiring an additional 89,697 shares in the last quarter. Northern Trust Corp raised its stake in shares of Bank of Montreal by 5.6% during the 2nd quarter. Northern Trust Corp now owns 623,608 shares of the bank’s stock worth $48,181,000 after acquiring an additional 32,816 shares in the last quarter. Finally, Ipswich Investment Management Co. Inc. bought a new position in shares of Bank of Montreal during the 3rd quarter worth approximately $768,000. 44.06% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on BMO. Zacks Investment Research downgraded Bank of Montreal from a “buy” rating to a “hold” rating in a research report on Monday, January 21st. ValuEngine raised Bank of Montreal from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Macquarie lowered Bank of Montreal from an “outperform” rating to a “neutral” rating in a research report on Wednesday, December 12th. Bank of America downgraded shares of Bank of Montreal from a “neutral” rating to an “underperform” rating in a report on Monday, January 28th. Finally, Desjardins restated a “hold” rating on shares of Bank of Montreal in a research note on Tuesday, December 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $103.33.
NYSE:BMO traded down $0.04 during midday trading on Monday, hitting $73.02. The company’s stock had a trading volume of 5,274 shares, compared to its average volume of 480,718. Bank of Montreal has a fifty-two week low of $62.79 and a fifty-two week high of $84.36. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.16. The company has a market cap of $46.64 billion, a PE ratio of 10.45, a price-to-earnings-growth ratio of 3.20 and a beta of 1.19.
Bank of Montreal (NYSE:BMO) (TSE:BMO) last released its quarterly earnings data on Tuesday, December 4th. The bank reported $2.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.57. The firm had revenue of $5.92 billion for the quarter, compared to analyst estimates of $5.61 billion. Bank of Montreal had a net margin of 16.91% and a return on equity of 14.97%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.94 earnings per share. Equities research analysts predict that Bank of Montreal will post 7.2 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 26th. Investors of record on Friday, February 1st will be issued a dividend of $0.753 per share. This represents a $3.01 annualized dividend and a yield of 4.12%. This is a positive change from Bank of Montreal’s previous quarterly dividend of $0.74. The ex-dividend date of this dividend is Thursday, January 31st. Bank of Montreal’s dividend payout ratio (DPR) is 43.63%.
About Bank of Montreal
Bank of Montreal provides diversified financial services primarily in North America. It operates through three groups: Personal and Commercial Banking, Wealth Management, and BMO Capital Markets. The company's personal banking products and services include checking and savings accounts, credit cards, mortgages, and financial and investment advice services; and commercial banking products and services comprise business deposit accounts, commercial credit cards, business loans and commercial mortgages, cash management solutions, foreign exchange, and specialized banking programs for small business and commercial banking customers, as well as wealth management products and services, such as insurance products.
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