Bank Of Montreal $BMO is TD Waterhouse Canada Inc.’s 7th Largest Position

TD Waterhouse Canada Inc. raised its holdings in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 4.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,376,897 shares of the bank’s stock after acquiring an additional 94,377 shares during the quarter. Bank Of Montreal comprises approximately 2.0% of TD Waterhouse Canada Inc.’s portfolio, making the stock its 7th biggest holding. TD Waterhouse Canada Inc. owned approximately 0.33% of Bank Of Montreal worth $308,312,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BMO. True Wealth Design LLC bought a new stake in shares of Bank Of Montreal during the 3rd quarter valued at $28,000. WFA of San Diego LLC purchased a new position in Bank Of Montreal during the 2nd quarter valued at about $28,000. Princeton Global Asset Management LLC increased its position in shares of Bank Of Montreal by 40.0% during the second quarter. Princeton Global Asset Management LLC now owns 350 shares of the bank’s stock valued at $39,000 after buying an additional 100 shares during the period. Harbor Asset Planning Inc. bought a new stake in shares of Bank Of Montreal during the second quarter valued at about $39,000. Finally, Vision Financial Markets LLC lifted its holdings in shares of Bank Of Montreal by 100.0% in the second quarter. Vision Financial Markets LLC now owns 400 shares of the bank’s stock worth $44,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 45.82% of the company’s stock.

Bank Of Montreal Trading Up 0.9%

NYSE BMO opened at $139.32 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.11. The stock’s 50-day simple moving average is $130.62 and its two-hundred day simple moving average is $124.83. Bank Of Montreal has a twelve month low of $85.40 and a twelve month high of $140.58. The company has a market capitalization of $98.58 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 1.14 and a beta of 0.94.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last posted its quarterly earnings data on Thursday, December 4th. The bank reported $2.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.20. The firm had revenue of $6.67 billion during the quarter, compared to analysts’ expectations of $6.51 billion. Bank Of Montreal had a return on equity of 11.76% and a net margin of 11.13%.The company’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.90 EPS. Research analysts forecast that Bank Of Montreal will post 7.71 EPS for the current fiscal year.

Bank Of Montreal Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 26th. Stockholders of record on Friday, January 30th will be paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 4.8%. This is a boost from Bank Of Montreal’s previous quarterly dividend of $1.63. The ex-dividend date of this dividend is Friday, January 30th. Bank Of Montreal’s payout ratio is currently 57.35%.

Analyst Ratings Changes

BMO has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Bank Of Montreal from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Raymond James Financial assumed coverage on Bank Of Montreal in a research report on Monday, November 24th. They set a “market perform” rating for the company. Weiss Ratings restated a “buy (b-)” rating on shares of Bank Of Montreal in a research note on Monday, December 29th. Natl Bk Canada downgraded Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 1st. Finally, TD Securities raised Bank Of Montreal from a “hold” rating to a “buy” rating in a report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $163.00.

Bank Of Montreal Profile

Bank of Montreal (NYSE:BMO), commonly known as BMO Financial Group, is one of Canada’s largest and longest-established banks. Founded in Montreal and headquartered in Montreal, Quebec, the bank provides a broad range of financial services to retail, commercial, corporate and institutional clients. BMO is publicly listed in both Canada and the United States and operates under a consolidated financial services model that integrates banking, capital markets, wealth management and asset management activities.

BMO’s core businesses include personal and commercial banking—offering checking and savings accounts, lending, mortgages, and small-business services—alongside wealth management and private banking through its asset and investment management divisions.