Bank Of Montreal (NYSE:BMO) has been assigned an average rating of “Hold” from the sixteen research firms that are presently covering the company. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $82.95.
BMO has been the topic of a number of research reports. Zacks Investment Research lowered shares of Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 5th. Desjardins reaffirmed a “hold” rating and set a $84.00 target price (up previously from $82.00) on shares of Bank Of Montreal in a research note on Thursday, August 4th. Barclays PLC reaffirmed an “underweight” rating and set a $75.00 target price (up previously from $70.00) on shares of Bank Of Montreal in a research note on Sunday, August 21st. Royal Bank Of Canada lifted their target price on shares of Bank Of Montreal from $84.00 to $88.00 and gave the company a “sector perform” rating in a research note on Wednesday, August 24th. Finally, RBC Capital Markets reaffirmed a “sector perform” rating and set a $88.00 target price (up previously from $84.00) on shares of Bank Of Montreal in a research note on Thursday, August 25th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its stake in shares of Bank Of Montreal by 1,196.0% in the second quarter. Tower Research Capital LLC TRC now owns 1,931 shares of the company’s stock worth $123,000 after buying an additional 1,782 shares in the last quarter. Americafirst Capital Management LLC acquired a new stake in shares of Bank Of Montreal during the second quarter worth approximately $145,000. Hudock Capital Group LLC boosted its stake in shares of Bank Of Montreal by 0.3% in the second quarter. Hudock Capital Group LLC now owns 2,633 shares of the company’s stock worth $166,000 after buying an additional 9 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new stake in shares of Bank Of Montreal during the second quarter worth approximately $174,000. Finally, Stonebridge Capital Advisors LLC acquired a new stake in shares of Bank Of Montreal during the second quarter worth approximately $200,000. 48.03% of the stock is owned by hedge funds and other institutional investors.
Bank Of Montreal (NYSE:BMO) opened at 63.15 on Tuesday. Bank Of Montreal has a one year low of $47.54 and a one year high of $67.69. The stock’s 50 day moving average is $65.55 and its 200 day moving average is $63.97. The firm has a market capitalization of $40.73 billion, a P/E ratio of 12.35 and a beta of 1.00.
Bank Of Montreal (NYSE:BMO) last announced its earnings results on Tuesday, August 23rd. The company reported $1.94 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.11. The firm had revenue of $5.63 billion for the quarter, compared to analyst estimates of $3.88 billion. Bank Of Montreal had a net margin of 17.82% and a return on equity of 12.66%. The company’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.86 EPS. On average, equities research analysts predict that Bank Of Montreal will post $5.50 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Tuesday, November 1st will be issued a dividend of $0.6696 per share. This represents a $2.68 annualized dividend and a dividend yield of 4.24%. This is a boost from Bank Of Montreal’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Friday, October 28th. Bank Of Montreal’s payout ratio is presently 52.47%.
Bank Of Montreal Company Profile
Bank of Montreal (BMO) is a financial services company. The Bank provides a range of personal and commercial banking, wealth management and investment banking products and services. The Bank’s operating groups include Personal and Commercial Banking, Wealth Management, BMO Capital Markets (BMO CM) and Corporate Services, including Technology and Operations.
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