PBU The Pension Fund of Early Childhood & Youth Educators Makes New $13.29 Million Investment in Bank Of Montreal $BMO

PBU The Pension Fund of Early Childhood & Youth Educators purchased a new position in Bank Of Montreal (NYSE:BMO) (TSE:BMO) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 102,160 shares of the bank’s stock, valued at approximately $13,285,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Vise Technologies Inc. boosted its position in shares of Bank Of Montreal by 11.9% during the fourth quarter. Vise Technologies Inc. now owns 17,151 shares of the bank’s stock worth $2,226,000 after buying an additional 1,830 shares during the period. TD Asset Management Inc boosted its position in shares of Bank Of Montreal by 1.5% during the fourth quarter. TD Asset Management Inc now owns 19,372,601 shares of the bank’s stock worth $2,519,180,000 after buying an additional 293,575 shares during the period. Sivia Capital Partners LLC acquired a new position in shares of Bank Of Montreal during the fourth quarter worth about $290,000. Winthrop Capital Management LLC acquired a new position in shares of Bank Of Montreal during the fourth quarter worth about $143,000. Finally, Natixis Advisors LLC boosted its position in shares of Bank Of Montreal by 9.6% during the fourth quarter. Natixis Advisors LLC now owns 72,166 shares of the bank’s stock worth $9,366,000 after buying an additional 6,350 shares during the period. 45.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BMO. Wall Street Zen raised Bank Of Montreal from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Bank Of Montreal in a research report on Wednesday, February 25th. Weiss Ratings raised Bank Of Montreal from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, May 28th. Barclays reissued an “underweight” 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 research report on Thursday, May 28th. Five equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $163.00.

Bank Of Montreal Stock Performance

BMO opened at $164.49 on Friday. Bank Of Montreal has a 12-month low of $104.08 and a 12-month high of $165.92. The stock has a market cap of $115.21 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 0.92 and a beta of 0.95. The business has a 50 day moving average of $150.86 and a 200-day moving average of $140.53. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.11.

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

Bank Of Montreal Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Thursday, July 30th will be paid a dividend of $1.71 per share. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.2%. This is an increase from Bank Of Montreal’s previous quarterly dividend of $1.67. The ex-dividend date is Thursday, July 30th. Bank Of Montreal’s dividend 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.