DORCHESTER WEALTH MANAGEMENT Co cut its position in shares of Bank Of Montreal (NYSE:BMO) by 4.7% during the third quarter, Holdings Channel reports. The fund owned 158,257 shares of the company’s stock after selling 7,791 shares during the period. Bank Of Montreal makes up approximately 3.9% of DORCHESTER WEALTH MANAGEMENT Co’s holdings, making the stock its 5th largest position. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Bank Of Montreal were worth $10,372,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of BMO. Tower Research Capital LLC TRC raised its position 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 position in shares of Bank Of Montreal during the second quarter worth $145,000. Hudock Capital Group LLC raised its position 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 position in shares of Bank Of Montreal during the second quarter worth $174,000. Finally, Stonebridge Capital Advisors LLC acquired a new position in shares of Bank Of Montreal during the second quarter worth $200,000. 48.02% of the stock is currently owned by hedge funds and other institutional investors.
Bank Of Montreal (NYSE:BMO) traded up 0.28% during trading on Monday, reaching $64.47. 405,628 shares of the company’s stock were exchanged. The company’s 50-day moving average is $65.20 and its 200-day moving average is $64.09. The company has a market capitalization of $41.58 billion, a PE ratio of 12.68 and a beta of 1.00. Bank Of Montreal has a 1-year low of $47.54 and a 1-year high of $67.69.
Bank Of Montreal (NYSE:BMO) last posted its quarterly earnings data on Tuesday, August 23rd. The company reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.11. Bank Of Montreal had a net margin of 17.82% and a return on equity of 12.66%. The firm earned $5.63 billion during the quarter, compared to analyst estimates of $3.88 billion. During the same quarter last year, the business posted $1.86 EPS. The company’s revenue was up 16.7% on a year-over-year basis. Equities research analysts expect that Bank Of Montreal will post $5.50 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 28th. Investors of record on Tuesday, November 1st will be paid a $0.6696 dividend. This is a positive change from Bank Of Montreal’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend is Friday, October 28th. This represents a $2.68 dividend on an annualized basis and a yield of 4.15%. Bank Of Montreal’s dividend payout ratio (DPR) is currently 52.47%.
BMO has been the topic of a number of recent analyst reports. Zacks Investment Research raised Bank Of Montreal from a “hold” rating to a “buy” rating and set a $71.00 price target on the stock in a research note on Thursday, August 4th. Desjardins reissued a “hold” rating and set a $86.00 price target (up previously from $84.00) on shares of Bank Of Montreal in a research note on Thursday, August 25th. Credit Suisse Group AG reissued a “hold” rating on shares of Bank Of Montreal in a research note on Sunday, September 11th. TD Securities reissued a “hold” rating and set a $89.00 price target (up previously from $86.00) on shares of Bank Of Montreal in a research note on Thursday, August 25th. Finally, Dundee Securities initiated coverage on Bank Of Montreal in a research note on Wednesday, September 21st. They set a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Bank Of Montreal currently has a consensus rating of “Hold” and an average price target of $83.89.
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.
Want to see what other hedge funds are holding BMO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Bank Of Montreal (NYSE:BMO).
Receive News & Ratings for Bank Of Montreal Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bank Of Montreal and related companies with MarketBeat.com's FREE daily email newsletter.