Fiera Capital Corp Acquires 14,378 Shares of Bank Of Montreal $BMO

Fiera Capital Corp boosted its holdings in Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,981,598 shares of the bank’s stock after purchasing an additional 14,378 shares during the quarter. Bank Of Montreal comprises 1.6% of Fiera Capital Corp’s holdings, making the stock its 13th largest holding. Fiera Capital Corp owned 0.56% of Bank Of Montreal worth $517,251,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Annis Gardner Whiting Capital Advisors LLC bought a new stake in Bank Of Montreal in the fourth quarter worth approximately $29,000. Larson Financial Group LLC increased its holdings in Bank Of Montreal by 466.7% in the third quarter. Larson Financial Group LLC now owns 238 shares of the bank’s stock worth $31,000 after purchasing an additional 196 shares in the last quarter. WFA of San Diego LLC bought a new stake in Bank Of Montreal in the second quarter worth approximately $28,000. Flagship Harbor Advisors LLC bought a new stake in Bank Of Montreal in the fourth quarter worth approximately $34,000. Finally, Sunbelt Securities Inc. bought a new stake in Bank Of Montreal in the third quarter worth approximately $42,000. 45.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on BMO shares. National Bank Financial reiterated a “sector perform” rating on shares of Bank Of Montreal in a report on Wednesday, February 25th. Barclays restated an “underweight” rating on shares of Bank Of Montreal in a report on Thursday, May 28th. Jefferies Financial Group restated a “hold” rating on shares of Bank Of Montreal in a report on Wednesday, February 25th. Desjardins restated a “hold” rating on shares of Bank Of Montreal in a report on Thursday, May 28th. 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 research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $163.00.

Bank Of Montreal Trading Up 0.1%

NYSE BMO opened at $164.49 on Monday. The company has a market cap of $115.21 billion, a price-to-earnings ratio of 17.46, a P/E/G ratio of 0.92 and a beta of 0.95. Bank Of Montreal has a 52 week low of $104.08 and a 52 week high of $165.92. The business has a 50 day moving average price of $150.86 and a 200-day moving average price of $140.66. 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 EPS for the quarter, beating the consensus estimate of $2.54 by $0.14. The firm had revenue of $7.04 billion during 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 quarterly revenue was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.62 earnings per share. As a group, 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 business also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Thursday, July 30th will be given a dividend of $1.71 per share. The ex-dividend date of this dividend is Thursday, July 30th. This is a positive change from Bank Of Montreal’s previous quarterly dividend of $1.67. This represents a $6.84 annualized dividend and a dividend yield of 4.2%. 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.