23,372 Shares in Bank Of Montreal $BMO Purchased by Vise Technologies Inc.

Vise Technologies Inc. acquired a new position in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 23,372 shares of the bank’s stock, valued at approximately $3,909,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Edmond DE Rothschild Holding S.A. acquired a new stake in Bank Of Montreal in the second quarter valued at approximately $28,000. Western Wealth Management LLC acquired a new position in shares of Bank Of Montreal during the first quarter worth $38,000. Highland Investment Advisors LLC acquired a new position in shares of Bank Of Montreal during the second quarter worth $63,000. Toth Financial Advisory Corp acquired a new position in shares of Bank Of Montreal during the third quarter worth $84,000. Finally, Ballast Advisors LLC purchased a new stake in shares of Bank Of Montreal during the 1st quarter valued at $88,000. Hedge funds and other institutional investors own 45.82% of the company’s stock.

Wall Street Analysts Forecast Growth

BMO has been the subject of a number of recent analyst reports. Canadian Imperial Bank of Commerce cut Bank Of Montreal from a “sector outperform” rating to a “neutral” rating in a research report on Tuesday, August 18th. Barclays reaffirmed an “underweight” rating on shares of Bank Of Montreal in a research report on Friday, August 21st. Royal Bank Of Canada reissued a “sector perform” rating on shares of Bank Of Montreal in a report on Thursday, August 27th. Keefe, Bruyette & Woods started coverage on Bank Of Montreal in a research note on Friday, August 21st. They issued an “outperform” rating for the company. Finally, TD Securities reaffirmed a “buy” rating on shares of Bank Of Montreal in a report on Wednesday, August 12th. Six investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Bank Of Montreal currently has a consensus rating of “Hold” and an average price target of $244.00.

Bank Of Montreal Trading Down 0.8%

NYSE BMO opened at $171.68 on Wednesday. Bank Of Montreal has a 1 year low of $119.84 and a 1 year high of $187.22. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.01 and a quick ratio of 1.01. The company has a market capitalization of $118.74 billion, a PE ratio of 16.66, a P/E/G ratio of 0.93 and a beta of 0.93. The company has a fifty day moving average of $170.38 and a 200 day moving average of $160.26.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last announced its quarterly earnings results on Tuesday, August 25th. The bank reported $2.84 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.13. The company had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $6.94 billion. Bank Of Montreal had a return on equity of 13.60% and a net margin of 11.72%. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the firm earned $3.23 EPS. Research analysts forecast that Bank Of Montreal will post 10.65 earnings per share for the current year.

Bank Of Montreal Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 26th. Investors of record on Friday, October 30th will be given a dividend of C$1.71 per share. This represents a $6.84 annualized dividend and a yield of 4.0%. The ex-dividend date is Friday, October 30th. Bank Of Montreal’s dividend payout ratio (DPR) is currently 54.18%.

Bank Of Montreal Profile

Bank of Montreal, operating under the BMO Financial Group brand, is a diversified financial services company headquartered in Toronto, Canada. Founded in 1817, it is one of Canada’s oldest banks and serves individual, business, institutional and government customers.

BMO provides personal banking products such as deposit accounts, mortgages, consumer loans, credit cards and investment services. Its commercial banking operations offer lending, treasury management and other financial solutions to small and medium-sized businesses and larger corporate clients.

Through its wealth management business, BMO provides investment management, financial planning, private banking and brokerage services.