Public Employees Retirement System of Ohio Trims Stock Holdings in Bank Of Montreal $BMO

Public Employees Retirement System of Ohio lowered its holdings in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 28.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,594 shares of the bank’s stock after selling 21,089 shares during the period. Public Employees Retirement System of Ohio’s holdings in Bank Of Montreal were worth $7,099,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of BMO. Annis Gardner Whiting Capital Advisors LLC bought a new position in Bank Of Montreal in the 4th quarter worth approximately $29,000. Larson Financial Group LLC raised its holdings in Bank Of Montreal by 466.7% during the 3rd quarter. Larson Financial Group LLC now owns 238 shares of the bank’s stock valued at $31,000 after acquiring an additional 196 shares during the period. WFA of San Diego LLC bought a new stake in Bank Of Montreal during the 2nd quarter valued at $28,000. Flagship Harbor Advisors LLC purchased a new stake in shares of Bank Of Montreal during the fourth quarter worth $34,000. Finally, Swiss RE Ltd. purchased a new stake in shares of Bank Of Montreal during the fourth quarter worth $38,000. 45.82% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. TD Securities reiterated a “buy” rating on shares of Bank Of Montreal in a research report on Thursday, May 28th. Zacks Research cut Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Barclays reaffirmed an “underweight” rating on shares of Bank Of Montreal in a report on Thursday, May 28th. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Bank Of Montreal in a research report on Thursday, May 28th. Finally, Desjardins reissued a “hold” rating on shares of Bank Of Montreal in a report on Thursday, May 28th. Five analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $163.00.

Bank Of Montreal Stock Up 1.2%

BMO opened at $180.65 on Wednesday. The firm has a market capitalization of $126.53 billion, a P/E ratio of 19.18, a price-to-earnings-growth ratio of 1.00 and a beta of 0.93. Bank Of Montreal has a one year low of $109.64 and a one year high of $184.21. The company has a fifty day moving average price of $171.55 and a 200-day moving average price of $152.82. The company has a debt-to-equity ratio of 0.11, a current ratio of 1.02 and a quick ratio of 1.02.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last issued its quarterly earnings data on Wednesday, May 27th. The bank reported $2.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.54 by $0.14. The company had revenue of $7.04 billion for the quarter, compared to the consensus estimate of $6.98 billion. Bank Of Montreal had a return on equity of 13.04% and a net margin of 12.60%.The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.62 earnings per share. Equities research analysts expect that Bank Of Montreal will post 11.82 earnings per share for the current fiscal year.

Bank Of Montreal Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Thursday, July 30th will be issued a $1.71 dividend. This represents a $6.84 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Thursday, July 30th. This is an increase from Bank Of Montreal’s previous quarterly dividend of $1.67. Bank Of Montreal’s payout ratio is 50.96%.

Bank Of Montreal Company 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.