Clearbridge Investments LLC Has $153.81 Million Stock Holdings in Bank Of Montreal $BMO

Clearbridge Investments LLC lessened its position in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 8.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,185,077 shares of the bank’s stock after selling 111,373 shares during the quarter. Clearbridge Investments LLC owned about 0.17% of Bank Of Montreal worth $153,811,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. WFA of San Diego LLC acquired a new position in shares of Bank Of Montreal during the second quarter valued at $28,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of Bank Of Montreal during the fourth quarter valued at $29,000. Larson Financial Group LLC lifted its stake in shares of Bank Of Montreal by 466.7% during the third quarter. Larson Financial Group LLC now owns 238 shares of the bank’s stock valued at $31,000 after acquiring an additional 196 shares during the period. Flagship Harbor Advisors LLC bought a new stake in Bank Of Montreal in the fourth quarter valued at about $34,000. Finally, Sunbelt Securities Inc. bought a new stake in Bank Of Montreal in the third quarter valued at about $42,000. Institutional investors and hedge funds 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. Zacks Research downgraded Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Desjardins reiterated a “hold” rating on shares of Bank Of Montreal in a report on Thursday, May 28th. TD Securities reiterated a “buy” rating on shares of Bank Of Montreal in a report on Thursday, May 28th. Wall Street Zen upgraded Bank Of Montreal from a “sell” rating to a “hold” rating in a report on Sunday, February 8th. Finally, Weiss Ratings upgraded Bank Of Montreal from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, May 28th. Five equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Bank Of Montreal 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 12 month low of $104.08 and a 12 month high of $165.92. The stock has a 50-day simple moving average of $150.86 and a 200 day simple moving average of $140.66. The company has a market capitalization of $115.21 billion, a PE ratio of 17.46, a P/E/G ratio of 0.92 and a beta of 0.95. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 0.11.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last announced its quarterly earnings results on Wednesday, May 27th. The bank reported $2.68 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $6.98 billion. During the same period in the prior year, the company earned $2.62 earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year. Research analysts forecast that Bank Of Montreal will post 11.82 EPS for the current year.

Bank Of Montreal Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Thursday, July 30th will be issued a $1.71 dividend. This represents a $6.84 annualized dividend 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 currently 50.96%.

Bank Of Montreal 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.