FNY Investment Advisers LLC Purchases New Position in Bank Of Montreal $BMO

FNY Investment Advisers LLC purchased a new stake in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 104,200 shares of the bank’s stock, valued at approximately $13,524,000. Bank Of Montreal makes up 3.8% of FNY Investment Advisers LLC’s holdings, making the stock its 2nd biggest holding.

A number of other large investors have also added to or reduced their stakes in BMO. AQR Capital Management LLC boosted its position in shares of Bank Of Montreal by 87.1% during the 1st quarter. AQR Capital Management LLC now owns 5,742 shares of the bank’s stock valued at $548,000 after acquiring an additional 2,673 shares during the last quarter. Choreo LLC increased its position in Bank Of Montreal by 21.2% in the second quarter. Choreo LLC now owns 2,640 shares of the bank’s stock worth $292,000 after purchasing an additional 462 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Bank Of Montreal in the second quarter worth $1,018,000. Invesco Ltd. raised its stake in Bank Of Montreal by 4.9% during the second quarter. Invesco Ltd. now owns 1,061,370 shares of the bank’s stock valued at $117,419,000 after purchasing an additional 49,113 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in Bank Of Montreal by 44.7% during the second quarter. EverSource Wealth Advisors LLC now owns 3,303 shares of the bank’s stock valued at $365,000 after purchasing an additional 1,021 shares during the last quarter. Institutional investors own 45.82% of the company’s stock.

Bank Of Montreal Trading Down 0.6%

BMO stock opened at $136.25 on Friday. 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 has a twelve month low of $85.40 and a twelve month high of $149.01. The stock has a market capitalization of $95.99 billion, a price-to-earnings ratio of 15.82, a price-to-earnings-growth ratio of 0.88 and a beta of 0.92. The firm’s fifty day simple moving average is $140.27 and its two-hundred day simple moving average is $132.45.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last released its earnings results on Wednesday, February 25th. The bank reported $2.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $0.16. Bank Of Montreal had a net margin of 11.76% and a return on equity of 12.16%. The firm had revenue of $7.21 billion during the quarter, compared to analyst estimates of $6.73 billion. During the same quarter last year, the business earned $3.04 EPS. The business’s revenue was up 6.0% on a year-over-year basis. As a group, analysts anticipate that Bank Of Montreal will post 7.71 earnings per share for the current year.

Bank Of Montreal Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 26th. Investors of record on Wednesday, April 29th will be given a dividend of $1.67 per share. The ex-dividend date of this dividend is Wednesday, April 29th. This represents a $6.68 dividend on an annualized basis and a yield of 4.9%. Bank Of Montreal’s dividend payout ratio (DPR) is presently 56.56%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on BMO. Zacks Research raised shares of Bank Of Montreal from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 19th. Wall Street Zen raised shares of Bank Of Montreal from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. National Bank Financial reiterated a “sector perform” rating on shares of Bank Of Montreal in a research report on Wednesday, February 25th. TD Securities raised Bank Of Montreal from a “hold” rating to a “buy” rating in a research note on Tuesday, January 27th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Bank Of Montreal in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $163.00.

About Bank Of Montreal

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.