Natixis Advisors LLC Buys 6,350 Shares of Bank Of Montreal $BMO

Natixis Advisors LLC boosted its position in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 9.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,166 shares of the bank’s stock after buying an additional 6,350 shares during the period. Natixis Advisors LLC’s holdings in Bank Of Montreal were worth $9,366,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Canerector Inc. boosted its holdings in Bank Of Montreal by 18,035.0% in the third quarter. Canerector Inc. now owns 22,668,750 shares of the bank’s stock worth $2,952,605,000 after acquiring an additional 22,543,750 shares in the last quarter. Norges Bank bought a new stake in shares of Bank Of Montreal during the fourth quarter valued at approximately $1,059,320,000. TD Asset Management Inc increased its holdings in shares of Bank Of Montreal by 10.3% during the third quarter. TD Asset Management Inc now owns 19,079,026 shares of the bank’s stock valued at $2,486,691,000 after acquiring an additional 1,789,188 shares in the last quarter. UBS Group AG raised its position in shares of Bank Of Montreal by 155.3% during the third quarter. UBS Group AG now owns 2,127,377 shares of the bank’s stock worth $277,091,000 after purchasing an additional 1,294,169 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in shares of Bank Of Montreal by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 33,017,205 shares of the bank’s stock worth $4,287,878,000 after purchasing an additional 673,248 shares in the last quarter. 45.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BMO has been the subject of several research reports. National Bank Financial reissued a “sector perform” rating on shares of Bank Of Montreal in a research report on Wednesday, February 25th. Raymond James Financial restated an “outperform” rating on shares of Bank Of Montreal in a report on Tuesday, May 12th. Weiss Ratings raised shares of Bank Of Montreal from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, May 28th. Zacks Research downgraded shares of Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Finally, Canadian Imperial Bank of Commerce restated an “outperform” 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 issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $163.00.

Bank Of Montreal Trading Up 0.1%

NYSE:BMO opened at $164.49 on Monday. Bank Of Montreal has a 52 week low of $104.08 and a 52 week high of $165.92. The firm has a 50-day moving average price of $150.86 and a two-hundred day moving average price of $140.66. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.02. The firm has a market cap of $115.21 billion, a price-to-earnings ratio of 17.46, a price-to-earnings-growth ratio of 0.92 and a beta of 0.95.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last announced its earnings results on Wednesday, May 27th. The bank reported $2.68 earnings per share for the quarter, topping analysts’ consensus estimates of $2.54 by $0.14. The firm 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 company’s revenue was up 10.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.62 EPS. On average, equities 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 disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Thursday, July 30th will be given a $1.71 dividend. This is an increase from Bank Of Montreal’s previous quarterly dividend of $1.67. This represents a $6.84 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Thursday, July 30th. Bank Of Montreal’s payout ratio is presently 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.