Capital Wealth Planning LLC Buys 79,980 Shares of Bank Of Montreal $BMO

Capital Wealth Planning LLC increased its stake in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) by 475.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 96,785 shares of the bank’s stock after purchasing an additional 79,980 shares during the quarter. Capital Wealth Planning LLC’s holdings in Bank Of Montreal were worth $12,795,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. WFA of San Diego LLC purchased a new position in Bank Of Montreal during the 2nd quarter valued at $28,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in Bank Of Montreal during the 4th quarter valued at $29,000. Larson Financial Group LLC boosted its holdings in Bank Of Montreal by 466.7% during the 3rd 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 purchased a new position in Bank Of Montreal during the 4th quarter valued at $34,000. Finally, Sunbelt Securities Inc. purchased a new position in Bank Of Montreal during the 3rd quarter valued at $42,000. Institutional investors own 45.82% of the company’s stock.

Analyst Ratings Changes

BMO has been the subject of a number of recent analyst reports. Canadian Imperial Bank of Commerce restated an “outperform” rating on shares of Bank Of Montreal in a report on Thursday, May 28th. Scotiabank upgraded Bank Of Montreal from a “sector perform” rating to a “sector outperform” rating in a report on Monday, June 1st. Raymond James Financial restated an “outperform” rating on shares of Bank Of Montreal in a report on Tuesday, May 12th. Zacks Research cut Bank Of Montreal from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Bank Of Montreal in a report on Wednesday, February 25th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $163.00.

Bank Of Montreal Price Performance

Shares of BMO stock opened at $164.55 on Thursday. Bank Of Montreal has a twelve month low of $104.08 and a twelve month high of $167.07. The stock has a market capitalization of $115.25 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 0.92 and a beta of 0.95. The stock has a fifty day simple moving average of $152.83 and a two-hundred day simple moving average of $141.59. 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 issued its earnings results on Wednesday, May 27th. The bank reported $2.68 earnings per share 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 business had revenue of $7.04 billion during the quarter, compared to analysts’ expectations of $6.98 billion. During the same period in the prior year, the business earned $2.62 EPS. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. On average, analysts predict that Bank Of Montreal will post 11.82 EPS for the current fiscal year.

Bank Of Montreal Increases Dividend

The company also recently announced 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. The ex-dividend date is Thursday, July 30th. This represents a $6.84 annualized dividend and a dividend yield of 4.2%. This is a positive change from Bank Of Montreal’s previous quarterly dividend of $1.67. Bank Of Montreal’s dividend payout ratio (DPR) is currently 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.