3,553 Shares of Bank Of Montreal $BMO Purchased by Financial & Tax Architects LLC

Financial & Tax Architects LLC purchased a new stake in Bank Of Montreal (NYSE:BMO) (TSE:BMO) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,553 shares of the bank’s stock, valued at approximately $594,000.

A number of other institutional investors have also recently made changes to their positions in the business. Bank of Nova Scotia purchased a new stake in Bank Of Montreal during the 2nd quarter valued at $920,002,000. Tacita Capital Inc bought a new stake in Bank Of Montreal in the second quarter worth $1,518,000. Andra AP fonden bought a new stake in Bank Of Montreal in the first quarter worth $3,979,000. Deutsche Bank AG purchased a new position in Bank Of Montreal during the second quarter worth $235,791,000. Finally, Public Employees Retirement System of Ohio purchased a new position in Bank Of Montreal during the second quarter worth $10,555,000. Institutional investors own 45.82% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on BMO shares. Keefe, Bruyette & Woods started coverage on shares of Bank Of Montreal in a research report on Friday, August 21st. They set an “outperform” rating on the stock. TD Securities reissued a “buy” rating on shares of Bank Of Montreal in a research note on Wednesday, August 12th. Weiss Ratings lowered shares of Bank Of Montreal from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday. Scotiabank reaffirmed an “outperform” rating on shares of Bank Of Montreal in a research note on Wednesday, August 26th. Finally, Canadian Imperial Bank of Commerce cut shares of Bank Of Montreal from a “sector outperform” rating to a “neutral” rating in a research note on Tuesday, August 18th. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Bank Of Montreal has an average rating of “Hold” and an average target price of $244.00.

Bank Of Montreal Price Performance

Shares of BMO stock opened at $165.96 on Friday. Bank Of Montreal has a 52-week low of $119.84 and a 52-week high of $187.22. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a market capitalization of $115.36 billion, a P/E ratio of 15.75, a P/E/G ratio of 0.97 and a beta of 0.95. The stock has a 50 day moving average price of $172.76 and a 200 day moving average price of $166.48.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last announced its quarterly earnings data on Tuesday, August 25th. The bank reported $2.84 EPS for the quarter, beating the consensus estimate of $2.71 by $0.13. Bank Of Montreal had a return on equity of 13.60% and a net margin of 11.72%. The company had revenue of $7.10 billion for the quarter, compared to the consensus estimate of $6.94 billion. During the same quarter in the prior year, the company posted $3.23 EPS. Bank Of Montreal’s quarterly revenue was up 10.1% on a year-over-year basis. As a group, sell-side analysts predict that Bank Of Montreal will post 10.76 earnings per share for the current year.

Bank Of Montreal Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 26th. Stockholders of record on Friday, October 30th will be issued a C$1.71 dividend. The ex-dividend date is Friday, October 30th. This represents a $6.84 dividend on an annualized basis and a dividend yield of 4.1%. Bank Of Montreal’s dividend payout ratio is presently 54.29%.

Bank Of Montreal Company Profile

Bank of Montreal, operating under the BMO Financial Group name, is a diversified financial services company headquartered in Montreal, Quebec. Founded in 1817, it is one of Canada’s largest banks and the country’s oldest continuously operating bank.

BMO provides personal and commercial banking services, including deposit accounts, lending, mortgages, credit cards, payment solutions and cash-management products. Through its wealth management businesses, the company offers investment, advisory, private banking, asset-management and retirement-planning services to individuals, families and institutions.

The company also operates a capital markets business that provides investment banking, corporate lending, financial advisory, trading, research and other services to corporations, governments and institutional clients.