3,644 Shares in Bank Of Montreal $BMO Bought by Atlas Capital Advisors Inc.

Atlas Capital Advisors Inc. purchased a new position in shares of Bank Of Montreal (NYSE:BMO) (TSE:BMO) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 3,644 shares of the bank’s stock, valued at approximately $473,000.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in Bank Of Montreal by 2.1% during the 4th quarter. Vanguard Group Inc. now owns 33,017,205 shares of the bank’s stock valued at $4,287,878,000 after acquiring an additional 673,248 shares during the period. Canerector Inc. grew its holdings in shares of Bank Of Montreal by 18,035.0% in the third quarter. Canerector Inc. now owns 22,668,750 shares of the bank’s stock worth $2,952,605,000 after purchasing an additional 22,543,750 shares during the last quarter. TD Asset Management Inc grew its holdings in shares of Bank Of Montreal by 1.5% in the fourth quarter. TD Asset Management Inc now owns 19,372,601 shares of the bank’s stock worth $2,519,180,000 after purchasing an additional 293,575 shares during the last quarter. Norges Bank purchased a new position in shares of Bank Of Montreal in the fourth quarter worth $1,059,320,000. Finally, Geode Capital Management LLC raised its holdings in Bank Of Montreal by 6.7% during the 4th quarter. Geode Capital Management LLC now owns 7,030,219 shares of the bank’s stock valued at $932,242,000 after buying an additional 442,812 shares during the last quarter. 45.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

BMO has been the topic of a number of analyst reports. National Bank Financial restated a “sector perform” rating on shares of Bank Of Montreal in a research report on Wednesday, February 25th. Scotiabank upgraded shares of Bank Of Montreal from a “sector perform” rating to a “sector outperform” rating in a report on Monday, June 1st. Desjardins reissued a “hold” rating on shares of Bank Of Montreal in a research note on Thursday, May 28th. Jefferies Financial Group reaffirmed a “hold” rating on shares of Bank Of Montreal in a research report on Wednesday, February 25th. Finally, Weiss Ratings cut Bank Of Montreal from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday. Five 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 stock. Based on data from MarketBeat, Bank Of Montreal currently has a consensus rating of “Hold” and an average target price of $163.00.

Bank Of Montreal Stock Up 0.0%

BMO stock opened at $168.36 on Tuesday. Bank Of Montreal has a fifty-two week low of $104.08 and a fifty-two week high of $170.49. The company has a market capitalization of $117.92 billion, a price-to-earnings ratio of 17.87, a price-to-earnings-growth ratio of 0.94 and a beta of 0.95. The business’s 50 day moving average price is $154.72 and its two-hundred day moving average price is $142.54. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.02 and a current ratio of 1.02.

Bank Of Montreal (NYSE:BMO) (TSE:BMO) last released its quarterly earnings results on Wednesday, May 27th. The bank reported $2.68 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.14. The company had revenue of $7.04 billion for the quarter, compared to analyst estimates of $6.98 billion. Bank Of Montreal had a return on equity of 13.04% and a net margin of 12.60%.The firm’s revenue was up 10.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.62 earnings per share. As a group, analysts forecast that Bank Of Montreal will post 11.82 earnings per share for the current fiscal year.

Bank Of Montreal Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Thursday, July 30th will be issued a dividend of $1.71 per share. This is a boost from Bank Of Montreal’s previous quarterly dividend of $1.67. The ex-dividend date is Thursday, July 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 (DPR) 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.